Autonomous trucking startup TuSimple’s public stock debut turned sour on Thursday, as the stock quickly fell below its IPO price. TuSimple shares were trading in mid afternoon at $37.90, below the $40 level at which it priced the IPO, although it rallied to close at exactly $40. At the IPO price, TuSimple is worth $8.5 billion, compared to its $1 billion valuation as recently as last fall. ...
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The Briefing Uber/Lyft Entertainment
Lyft’s Pandemic Is Far From Over
After the rush of the advertising-based internet firms reporting blockbuster growth, we’re coming down to earth this week with the ride-sharing companies Lyft and Uber reporting their second-quarter results. The verdict, at least so far: meh. Lyft went first today, reporting 125% growth in revenue from last year’s pandemic-crushed second quarter. That’s not as impressive as it sounds. With...
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Lyft Posts Sharp Rise in Q2 Revenue But Still Below 2019 Levels
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