Uber set to be valued at $120bn when it goes public next year October 16, 2018 Ride-hailing giant Uber could be valued at $120bn (£90.8bn) as part of its upcoming public listing in 2019, skyrocketing from its last valuation in August. Several US banks have raised Uber's valuation ahead of its intended initial public offering (IPO), sources told the Wall Street Journal, which has been suggested for an early 2019 slot. Should [...]
The woes of the IPO market show the problems with the stock exchange model December 3, 2019 A lot has changed since the early 1600s. For a start, we’ve stopped burning people at the stake for suggesting that the world is round. But some things have remained surprisingly similar over the past 400 years — like the stock exchange. Today, most exchanges remain similar in format to the very first stock market, [...]
White House ‘on lockdown’ over unauthorised aircraft November 26, 2019 The White House was put on lockdown this afternoon after unauthorised aircraft reportedly entered Washington D.C. airspace. CNBC reported that fighter jets were scrambled. Read more: Uber ban: London business groups mourn ‘dark day’ The lockdown lasted 20 minutes, with the North Lawn of the White House being cleared, according to NBC News. Reporters were [...]
Uber in early talks to buy food delivery competitor Deliveroo September 20, 2018 Ride hailing giant Uber is in early talks to buy food delivery competitor Deliveroo, according to reports. The acquisition would drive forward Uber's own food delivery service, which it operates through the Uber Eats app and launched in London in 2016. Read more: Ranked: The UK's most valuable brands, according to WPP The value of the deal is [...]
Uber in early talks to buy food delivery competitor Deliveroo September 20, 2018 Ride hailing giant Uber is in early talks to buy food delivery competitor Deliveroo, according to reports. The acquisition would drive forward Uber's own food delivery service, which it operates through the Uber Eats app and launched in London in 2016. Read more: Ranked: The UK's most valuable brands, according to WPP The value of the deal is [...]
Do right by Londoners, I’ll do right by you April 8, 2020 Crisis reveals character, something I witnessed many times during my years as a youth worker on the rough streets around Ladbroke Grove. When times are tough we find out who we truly are, both as people and as communities. Right now, times are tough. The toughest they’ve been since the Second World War. The coronavirus [...]
Combined Just Eat and Takeaway.com shares start trading February 3, 2020 The combined shares of Just Eat and Takeaway.com began trading this morning, despite a competition watchdog probe into the merger. Just Eat’s shares were suspended this morning and the merged company Just Eat Takeaway.com began trading on the London Stock Exchange under the ticker Jet. However, a full integration of the two takeaway platforms is [...]
The artificial intelligence influencers that you should be following March 18, 2021 Artificial intelligence (AI) is the ultimate manifestation of the promise of technology to improve our lives. Within our lifetimes AI will become omnipresent across every segment of economic activity and within every field of human endeavour. But AI is not a single genus but a constellation of technologies that must work together in harmony. By [...]
Lyft off: Ride-hailing app makes inroads as it beats expectations August 7, 2019 Uber rival Lyft came in ahead of analyst estimates yesterday, and predicted lower losses for the year. Second-quarter revenue hit a record $867.3m (£714.4m), a 72 per cent increase on the same period last year. Read more: Lyft shares tumble after tough week of trading Meanwhile, the ride-hailing company’s net loss hit $644.2m, up significantly [...]
Last call: Uber drivers to stage 24hr strike in London today October 9, 2018 Hundreds of Uber drivers are set to stage a 24-hour walkout across London today, in addition to protests in Nottingham and Birmingham, over workers' rights and demands for increased wages. The strike is being organised by the Independent Workers Union of Great Britain (IWGB), and is scheduled to begin at 1pm. A separate demonstration is also expected to be [...]