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Technology Stocks
Uber Technologies and Lyft Inc. IPOs
An SI Board Since March 2019
Posts SubjectMarks Bans Symbol
237 24 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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237Troubling Details About the Big Uber Hack wired.comRon-September 17
236It’s no surprise that Uber and Lyft are tapping into the ad business Fast CompaGlenn Petersen-August 19
235Uber reports another big loss but beats on revenue, shares pop 17% Published TuGlenn Petersen-August 2
234Uber Eats, DoorDash Offer New Deals to Court Customers as Growth Cools DeliveryGlenn Petersen-July 29
233Strange Result of Uber Tipping [youtube video] youtube.comTimF-July 22
232Uber broke laws, duped police and secretly lobbied governments, leak reveals --Glenn Petersen-July 10
231Uber and Lyft’s New Road: Fewer Drivers, Thrifty Riders and Jittery Investors TGlenn Petersen-May 27
230Inevitably, the ride-hailing companies will be replacing their drivers with autoGlenn Petersen1May 22
229UBER tightens its belt. Uber CEO tells staff company will cut down on costs, trGlenn Petersen-May 9
228Uber Reads the Road in Ride-Hailing Lyft’s results show it will pay for its defGlenn Petersen-May 5
227Uber reports surging revenue as drivers return, but posts massive loss on investGlenn Petersen-May 4
226Lyft shares plunge on light guidance, continued driver incentives PUBLISHED TUEGlenn Petersen-May 4
225Uber reports Q1 earnings on Wednesday: Here’s what Wall Street’s watching PUBLIGlenn Petersen-May 2
224Uber looks to create travel ‘superapp’ by adding planes, trains and rental cars Glenn Petersen-April 6
223Uber stock jumps on deal to offer New York City taxi rides in app PUBLISHED THUGlenn Petersen1March 24
222Uber Raises Quarterly Guidance on Delivery Growth, Ridership Recovery Chief ExeSr K-March 7
221Uber, the everything app Protocol March 2, 2022 Good morning! Uber’s ambitionsGlenn Petersen-March 2
220UBER AND LYFT ARE TAKING ON HEALTHCARE, AND DRIVERS ARE JUST ALONG FOR THE RIDE Glenn Petersen-February 20
219Uber beats on revenue, says core business is bouncing back after omicron surge Glenn Petersen1February 9
218Lyft posts revenue beat but falls short on riders PUBLISHED TUE, FEB 8 20224:06Glenn Petersen-February 8
217Uber revenue up 72% from last year, but Didi stake contributes to big loss PUBLGlenn Petersen-11/4/2021
216Uber and Lyft Thought Prices Would Normalize by Now. Here’s Why They Are Still HGlenn Petersen-11/1/2021
215Uber and Lyft actually closed up for the day. The smart money is betting that thGlenn Petersen-8/23/2021
214Superior Court Judge Frank Roesch said in Friday’s ruling that Proposition 22 lTimF-8/23/2021
213California Ballot Measure That Classifies Uber, Lyft Drivers as Independent RuleGlenn Petersen-8/21/2021
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