Ahead of Uber IPO, Biggest Shareholder SoftBank Is Already Reaping Rewards

Hours ahead of Uber Technologies Inc.’s market debut, the ride-hailing company’s biggest shareholder, Masayoshi Son’s SoftBank Group Corp., is already reaping rewards, if only on paper. SoftBank’s operating income more than tripled to 494.9 billion yen ($4.5 billion) in the three months to March 31, helped by a 418 billion yen valuation gain from its […]

CEO Daily: Surveillance Capitalism with Chinese Characteristics

Like the memes it incubates and spreads, TikTok, the Chinese lip-synching app that boasts more than half a billion global users, has gone viral this past month–at least in the global business press. Fortune‘s Ellen McGirt was among the many observers to marvel that country trap artist Montero Hill (a.k.a. Lil Nas X) was able […]

SoftBank and Toyota Looking to Invest $1 Billion in Uber Self-Driving Technology

Uber uber is in late-stage talks with firms including SoftBank sftby and Toyota tm regarding a $1 billion stake in its autonomous driving business. This would represent a minority stake in the self-drive division, giving Uber some additional backup ahead of its planned IPO, the Wall Street Journal, Financial Times, Reuters and the New York […]