Uber shares jumped 11.5% after the company reported that it expects to be closer to profitability in the third quarter than previously disclosed. Uber said in a securities filing that it expected “adjusted” earnings before interest, taxes, depreciation and amortization, also excluding costs of restructuring and financing, would be between negative $25 million and $25 million and to be between...
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Dealmaker markets startups
The New VC Mantra: It's ‘Time to IPO’
“It’s time to build” became the rallying cry of venture capitalists after Marc Andreessen published his blog post in 2020, as the economy was reeling from the pandemic’s outbreak. More than three years later, a new one has entered the mix: It’s “time to IPO,” wrote Brad Gerstner, founder and CEO of investment firm Altimeter Capital, in a post on X this week.His comments added to a barrage of...
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