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Uber/Lyft

Lyft’s Cash Burn Soars 29-Fold Amid Pandemic

By Amir Efrati
· · Source: The Information

Lyft joined Uber in stating it would suspend operations in California after Aug. 20 if it fails to stop a state court ruling, requiring the companies to reclassify contractor-rivers to employees with benefits, from taking effect. Lyft has more to lose than Uber because it only operates in the U.S. and Canada, and it doesn’t have a food-delivery operation to partially make up for the evaporation...

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The SPAC Target List: Private Tech and Media Firms in Their Teenage Years
By Ross Matican and Martin Peers · Oct. 26, 2020 6:01 AM PDT
The SPAC Target List: Private Tech and Media Firms in Their Teenage Years

A dozen private tech and media firms, ranging from BuzzFeed to Getaround, have been left behind in the initial public offering surge of the past two years. Some are in their teenage years and are struggling to grow, while others appear to be doing fine—but need a way for their investors to exit. For either kind, an SPAC may be their savior.

An explosion of special purpose acquisition ...

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Katzenberg May Shut Down Quibi as Options Run Short
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Katzenberg May Shut Down Quibi as Options Run Short
By Tom Dotan and Jessica Toonkel
Jeffrey Katzenberg may be nearing the end of the road with his mobile video streaming service Quibi.
Quibi to Shutter in Stunning End to Ambitious Venture
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Jeffrey Katzenberg’s video streaming service Quibi is shutting down, said a person familiar with the situation, bringing down the curtain on the short-form video streaming service just six months after it launched.
The Investors Who Face Big Losses From the Quibi Collapse
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The Investors Who Face Big Losses From the Quibi Collapse
By Tom Dotan and Jessica Toonkel
On Wednesday, video startup Quibi told its investors that it will shut down, a dramatic collapse of a digital media startup that launched just six months ago.
Quibi’s Short Life and Sudden Death: The Information’s Tech Briefing
The Briefing
Quibi’s Short Life and Sudden Death: The Information’s Tech Briefing
By The Information Staff
The sudden death of Quibi, the short-form video streaming service launched by Hollywood veteran Jeffrey Katzenberg six months ago, is sure to generate plenty of “I-told-you-so’s” from people in the entertainment and tech industries.
Who Could Lead CNN if Zucker Leaves
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Airbnb Taps Jony Ive for Design Help
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Airbnb Taps Jony Ive for Design Help
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Airbnb has hired famed former Apple designer Jony Ive as a creative consultant ahead of its initial public offering, CEO Brian Chesky said Wednesday.