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Uber Technologies reported a $1 billion loss on Thursday as the ride-hailing service spendt heavily to build up its food delivery and freight businesses, sending revenues up 20% in its first quarterly report as a public company.
Uber priced its initial public offering on Thursday at the low end of its targeted range for a valuation of $82.4 billion, hoping its conservative approach will spare it the trading plunge suffered by rival Lyft.
Uber is set for its Wall Street debut Friday with a massive share offering that is a milestone for the ride-hailing industry and the so-called “sharing economy,” but which comes with simmering concerns about its business model.
Pinterest on Wednesday announced it would price its initial public offering at $19 a share to begin trading on Wall Street the following day.
Lyft is removing several thousand electric bikes from service in its bike-share program in New York, Washington and San Francisco because of a braking problem, the ride-hailing company said on Sunday.
Uber is seeking to raise some $10 billion in what would be the largest stock offering of the year, with details coming this week, the Wall Street Journal reported Wednesday.
Uber has confirmed rumors that it’s building out its presence in the Middle East, Africa, and Asia by acquiring Dubai-based ride-hailing service Careem.
Cloud technology company Twilio said on Monday it would buy email technology firm SendGrid in an all-stock deal valued at about $2 billion, combining two firms that handle communications between apps and their users.
Uber and some smaller technology companies are launching campaigns to publicize Obamacare enrollment among their contract workers after the Trump administration slashed government marketing for the health program by 90 percent.
Google's parent company Alphabet is leading a $1bn round of new funding for ride-hailing company Lyft that will help it step up its challenge to larger rival Uber.
Lyft, Uber’s closest U.S. rival in the taxi-hailing business, met repeatedly with officials from London’s transport regulator over the past year, a sign it may be targeting the city for international expansion.
As the U.S. Congress moves quickly to pass the first federal law governing self-driving cars, some state and city officials are pushing back over fears that the measure will limit their ability to regulate vehicle safety at the local level.
Organised Labour in the nation’s Power Industry, has written to the new Minister of Power, Engineer Saleh Mamman, welcoming him to the sector and setting agenda on generation, transmission and distribution of electricity for him.
President Muhammadu Buhari on Friday met behind closed door with traditional rulers from the Northern parts of the country at the Presidential Villa, Abuja.
President Muhammadu Buhari on Friday reshuffled some Permanent Secretaries and accounting officers in the Federal service following the restructuring /creation of new ministries by the Federal Government.
Manager Mauricio Pochettino is unsure whether Victor Wanyama will be a Tottenham Hotspur player at the end of the European transfer window.
The Senior Staff Association of Nigeria and Non Academic Staff Union on Friday urged the Federal Government to honour their 2009 agreement to avoid a total strike.
Chairman Senate Committee on Local Content, Senator Teslim Folarin, has said the committee will ensure that every multinational company in Nigeria complies with 30 per cent involvement of Nigerians in the top management positions.
Nigeria’s newly sworn-in federal ministers are set to begin work on the 2020 the budget proposal and get it ready before the National Assembly returns from their recess.
Former Super Eagles’ forward Odion Jude Ighalo has revealed that he is just 14 days away from returning to full training with his club after making steady improvement on the injury he suffered last month in Egypt.
Segun Toriola, Team Nigeria’s captain at the 12th African Games in Morocco, on Sunday in Rabat said Nigerian athletes and officials were set to dazzle at the competition.
About 133 Nigerian refugees, who are part of the over two million Nigerians displaced by the Boko Haram insurgency have returned from neighbouring Cameroon.