Lyft shares tumble after tough week of trading April 15, 2019 Ride-sharing company Lyft saw its share price fall to a fresh low today as Wall Street caution continued to loom large weeks on from the firm's initial float. Read more: Lyft's brutal debut set to push down Uber IPO price The group’s share price has plunged more than five per cent this afternoon, adding to a 20 [...]
Uber relaunches in Finland as new laws embracing ride-sharing operators come into effect July 4, 2018 After ceasing operations in Helsinki last year, Uber is back in business after new transportation regulations came into effect this week. The ride-sharing company had suspended its services in Finland while it awaited the implementation of the new transport law, which allows for surge pricing, increased ability to roam outside of previously restrictive patrol areas, [...]
Coinbase announces a new deal to let you pay for your Uber with crypto | City A.M. July 25, 2018 Coinbase has today revealed a new partnership that will allow you to pay for physical goods and services from your favourite retailers with cryptocurrencies. The deal, which will be powered by WeGift, enables Coinbase users to buy an electronic gift card, load it with cryptocurrency from their Coinbase wallet and then use them at over [...]
Twitter founder Jack Dorsey has account hacked as series of racist messages posted August 31, 2019 Twitter is investigating after the social media network’s co-founder and chief executive Jack Dorsey had his account hacked. A series of offensive and racist messages were posted to Dorsey 4.2m followers on Friday evening. Read more: Google uncovers ‘indiscriminate’ iPhone hack attack lasting years Among them included false reports of a bomb threat at Twitter’s [...]
Goldman Sachs misses profit forecasts amid slump in advisory fees October 15, 2019 Goldman Sachs has missed Wall Street estimates for quarterly profit, amid fewer fees from advising on deals. Revenue at three of its four major business units fell in the most recent quarter, led by declines in investment banking due to fewer mergers and stock market floats. Goldman shares fell three per cent this afternoon. The [...]
Wework poaches Facebook executive as it gears up for stock market float July 9, 2019 Wework has poached senior Facebook executive Martin Ott as the firm looks to beef up its management team ahead of its highly-anticipated stock market debut. Ott, who previously served as Facebook’s managing director for central Europe, will join the flexible workspace firm as managing director for EMEA, City A.M. can reveal. Read more: EMA to [...]
Workplace messaging app Slack prepares to make stock exchange debut June 20, 2019 Workplace messaging platform Slack will go public later today in a move that could value the firm at $16bn. The tech company is preparing to launch a direct listing on the New York Stock Exchange, an alternative to an initial public offering (IPO) which will see shares of the company’s private investors become available for [...]
AB InBev prices revived Budweiser Asia listing at lower end of projections September 24, 2019 Budweiser owner Anheuser-Busch InBev has priced the revived listing of its Asian business at the bottom of the marketed range, far less than it had hoped to raise when it first tried to list the unit in July. AB InBev priced the revived initial public offering (IPO) on the Hong Kong Stock Exchange to raise [...]
Lift off: Flying taxi startup hopes to revolutionise city travel by 2025 May 16, 2019 Ever been stuck in a traffic jam, wishing you could take to the skies and leapfrog the gridlocked cars below? German startup Lilium hopes that by 2025, it will let you do just that, after staging a successful maiden flight of a prototype five-seater flying taxi, capable of whisking passengers from place to place above [...]
Airbnb ‘plots direct listing’ instead of traditional IPO for hotly-anticipated float October 1, 2019 Airbnb is said to be shunning a traditional initial public offering (IPO) in favour of a less conventional direct listing when it floats on the public market next year. The San Francisco-based tech giant is currently making preparations for a listing that would not involve creating any new shares, Bloomberg reported, citing people familiar with [...]