WeWork Must Do These 3 Things Before Its IPO to Avoid Uber’s Mistakes

Another cash-burning company is planning an IPO. Mega office-space rental company The We Company (formerly WeWork) is planning an IPO later this year, and just announced a plan to raise $4 billion in debt in the meantime, the Wall Street Journal reported Monday. The debt issue serves two functions: To meet immediate cash flow needs, […]

The Friendliest and Most Welcoming Workplaces for Dogs

Rover.com, the world’s largest network of pet sitters and dog walkers, has released its inaugural “Best Dog Friendly Offices” list. Among some of the Very Good Companies (at least as far as dogs are concerned) welcoming our four-legged companions into their offices are Nestle, Airbnb, Uber, Salesforce, and Tito’s Handmade Vodka. Just in time for […]

Fiverr IPO: What to Know About the Company Capitalizing on the Millennial Gig Economy

“Gig-economy” service Fiverr got a new gig as a public company on Thursday. Fiverr is the latest freelancer company to go public, several months after fellow gig-economy company Upwork hit the market. Debuting at $26 per share (already over 23% higher than their initial pricing at $18 to $20), Fiverr stock is already trading up […]

Uber Investors Are Wary as it Rides Into the Helicopter Business

Really, helicopters? Some investors were less than thrilled as Uber announced plans to launch a helicopter service called Uber Copter, with rides reportedly commencing July 9. The aerial service will be available to customers with Diamond and Platinum memberships to fly between Lower Manhattan and John F. Kennedy International Airport–setting them back about $200 to […]

Bird Buys Competitor Scoot, Further Consolidating the Crowded Scooter-Rental Market

Electric scooter rental firm Bird has agreed to buy competitor Scoot as it continues to expand its global footprint. The acquisition, announced Wednesday, is an example of what many market watchers have been saying about the scooter industry: The long list of rivals will consolidate and that a few major players left standing will prevail. […]

Uber and Lyft Made Big Promises During Trump’s 2017 Travel Ban. Did They Deliver?

In 2017, Uber and Lyft reacted to President Donald Trump’s travel ban on seven Muslim countries by pledging millions of dollars to support impacted immigrants. Two years later, both companies say they have delivered on their promises. The ride-hailing companies’ offers came after President Trump, citing national security concerns, signed an executive order in banning […]

Uber CEO Takes More Control by Absorbing the COO’s Role

Uber CEO Dara Khosrowshahi is taking greater charge of the ride-hailing company. His first order of business? A management shakeup. The CEO sent an email to employees on Friday announcing the departure of Chief Operating Officer Barney Harford and Chief Marketing Officer Rebecca Messina. The news comes one month after the company went public and […]

Coming Soon: Uber to Offer Helicopter Rides In New York City

Uber Technologies Inc. is testing a helicopter service in New York City, according to documents outlining the program obtained by Bloomberg. Passengers will be able to use the Uber app to book a flight through the service, called Uber Copter, the documents show. Tests flights took off from a Manhattan heliport near Wall Street to […]

Uber Eats Gains Momentum as Ride-Hailing Growth Slows

Uber’s food delivery service, Uber Eats, is gaining momentum as the ride-hailing giant bleeds cash after its initial public offering earlier this year. The company said on Thursday that it had lost $1 billion in the first quarter, while growth in its ride-hailing business continued to slow. But in food delivery, Uber’s growth has accelerated […]