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Technology Stocks
Uber Technologies and Lyft Inc. IPOs
An SI Board Since March 2019
Posts SubjectMarks Bans Symbol
94 13 0 UBER
Emcee:  Glenn Petersen Type:  Moderated
Lyft Inc. filed its initial S-1 registration statement with the SEC on March 1, 2019. It previously filed a confidential statement on December 6, 2018. While the IPO has not yet been priced, the Wall Street Journal has reported that the company expects to be priced in the $20 to $25 billion range. The road show is expected to start during the week of March 18 and the IPO may occur before the end of March.

Uber filed a confidential registration statement on December 7, 2018. Its valuation has been pegged in the $120 billion range. The Uber IPO will probably be the largest - and the most controversial - IPO in the U.S. during 2019.

Uber and Lyft are the two largest ridesharing companies in the U.S., a market that Lyft describes as a "peer-to-peer marketplace for on-demand ridesharing." Uber, the poster child for the so-called "sharing economy," operates in about 70 countries and also has businesses in freight hauling, autonomous driving, food delivery, air taxis and artificial intelligence research. In contrast, Lyft is only available in the United States and Canada and has stayed tightly focused on its core ridesharing business. Both companies have focused on growth at the expense of profitability.

Lyft has benefited from a spate of scandals that rocked Uber in 2017, including allegations of sexual harassment made by its female employees, the resignation of its chief executive officer and its use of illicit software to deceive regulators. As a result, Lyft had a 39% share of the U.S. ridesharing market in 2018, up 17% in two years.

Uber SEC filings: Not available yet.

Lyft SEC filings: sec.gov

Uber website: uber.com

Lyft website: lyft.com

Two related SI boards:

Drones, Autonomous Vehicles and Flying Cars: Subject 59296

Among the biggest risks involved in the push to driverless cars is getting beaten in the race. The first companies to offer autonomous ride sharing “are expected to have long-term advantages compared with traditional non-autonomous ride sharing offerings,” Lyft says.

Peer-to-Peer, Gig, and On-Demand Economies: Subject 59463

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ReplyMessage PreviewFromRecsPosted
94Uber digs in its heels: Uber argues its drivers aren’t core to its business, woGlenn Petersen-September 12
93California Bill Makes App-Based Companies Treat Workers as Employees By KateGlenn Petersen-September 11
92Mike Isaac’s Uber Book Has Arrived By Leslie Berlin New York Times Published SeGlenn Petersen-September 9
91Older People Need Rides. Why Aren’t They Using Uber and Lyft? By Paula Span NeGlenn Petersen-August 22
90Uber shares slide after reporting disappointing quarterly results Published 5 hGlenn Petersen-August 8
89Lyft flat despite strong earnings report Published 5 hours agoUpdated 4 hours aGlenn Petersen-August 7
88I live far from SF but close to FB and Google.... and I find these cars clog theKirk ©-August 5
87How Much Traffic Do Uber and Lyft Cause? Laura Bliss CityLab 9:00 AM ET A neGlenn Petersen-August 5
86Uber lays off 400 as cost-cutting efforts ramp up Kirsten Korosec@kirstenkoroseGlenn Petersen-July 29
85Uber Talks With European Supermarkets About Grocery Delivery By Ellen MilliganGlenn Petersen-July 26
84Uber tests monthly subscription that combines Eats, rides, bikes and scooters MGlenn Petersen-July 22
83Waymo makes autonomous vehicles available to Lyft riders CNBC.com Published ThuGlenn Petersen-June 28
82Uber picks Melbourne as test site for flying taxi service Reuters June 11, 2019Glenn Petersen-June 12
81Uber Wants Your Next Big Mac to Be Delivered by Drone The company aims to startGlenn Petersen1June 12
80Uber is making a fintech push with a New York hiring spree Published Mon, Jun 1Glenn Petersen-June 10
79in the end, the prospects for making a living doing this is going to be about evoldirtybastard-June 10
78I have a retired friend who drives about 30 hours a week for UBER. Keeps meticurogermci®-June 9
77Passengers May Pay a Lot More. Drivers Won’t Accept Much Less. By Austan GoolsbGlenn Petersen-June 9
76Uber Operating, Marketing Chiefs Leaving in Leadership Shake-Up By Eric NewcomGlenn Petersen-June 7
75Uber stock rises as net losses match expectations Published Thu, May 30 2019 3Glenn Petersen-June 1
74Uber Eats Its Way to New Revenues Amid Post-IPO Profitability Concerns By Glenn Petersen1May 18
73Uber drivers are freelancers, not employees, federal labor lawyer says Another Glenn Petersen-May 14
72More like $20 million, according to Bloomberg. Blind luck. Here's How Much Glenn Petersen-May 12
71Hi Glenn: I remember reading Lance Armstrong invested $100,000 and it was worthLogain Ablar-May 12
70The biggest winners—and losers—from Uber’s lackluster IPO By Alison Griswold QGlenn Petersen-May 10
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