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uber/lyft

Uber CEO Khosrowshahi Struggles to Find Formula for Success

By Amir Efrati · Jan. 6, 2020 7:02 AM PST · 3 comments
As 2020 begins, Uber CEO Dara Khosrowshahi faces what is shaping up to be a year of reckoning. Uber’s market capitalization has dropped $29 billion since it went public in May. It likely lost five to six times as much money in 2019 as it forecast in presentations to banks two years ago. And it has lost ground in its ride-hailing, scooter... As 2020 begins, Uber CEO Dara Khosrowshahi faces what is shaping up to be a year of reckoning....
Photos by Bloomberg, AP, Didi Chuxing, Uber, Flickr/TechCrunch. Visualization by Ian Civgin.
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uber/lyft media/telecom

The People Who Matter at Uber

By Amir Efrati · Aug. 30, 2016 7:02 AM PDT · 5 comments
Uber has seen an exodus of senior managers in recent months, including CEO Travis Kalanick, amid heightened scrutiny of its workplace culture prompted by sexual harassment allegations by a former engineer. Among the people who’ve left or announced departures, either under pressure or for other reasons, are seven executives who had reported... Uber has seen an exodus of senior managers in recent months, including CEO Travis Kalanick, amid...
Interactive by Mike Sullivan
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uber/lyft

The People Who Matter at Lyft

By Amir Efrati · Aug. 14, 2017 7:02 AM PDT
Employees at Lyft have watched with glee in recent months as rival Uber suffers from an endless series of dramas. Lyft’s business, meanwhile, has moved in the right direction. The company’s market share has inched up versus Uber in several major cities, while its cost of acquiring new customers has fallen. An IPO is expected as soon... Employees at Lyft have watched with glee in recent months as rival Uber suffers from an endless...
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Stripe’s Trajectory Has Echoes of Uber; BuzzFeed’s AI-Fueled Rally

By Martin Peers · Jan. 30, 2023 5:00 PM PST
Once upon a time, there was a private tech company that bankers thought could be worth as much as $120 billion when it went public. Its potential initial public offering was described in news reports like this one in 2018 as the “most hotly anticipated on Wall Street and Silicon Valley.” Today, it’s worth only about $60 billion. Can you guess... Once upon a time, there was a private tech company that bankers thought could be worth as much as...
Uber CEO Dara Khosrowshahi. Photo by Bloomberg.
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What Uber CEO’s Cost-Cutting Memo Reveals

By Martin Peers · May 9, 2022 5:00 PM PDT
The relentless stock market drop is starting to spook tech CEOs. Over the weekend, Shopify’s CEO Tobi Lütke, perhaps irritated by his stock’s 75% drop so far this year, questioned whether Wall Street analysts were held accountable for their work. Even more telling was Uber CEO Dara Khosrowshahi’s staff memo—first reported by CNBC—revealing his... The relentless stock market drop is starting to spook tech CEOs. Over the weekend, Shopify’s CEO...
Photo by Bloomberg.
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Airbnb Cleans Up in Q1 While Lyft Stalls

By Martin Peers · May 3, 2022 5:00 PM PDT
Talk about a tale of two startups. Two original members of the gig economy generation, Lyft and Airbnb, reported their first-quarter updates today. Both were hit by Covid-19 but are now performing very differently. Airbnb is going from strength to strength. Its first-quarter revenue was 79% above what it was in the first quarter of 2020, while... Talk about a tale of two startups. Two original members of the gig economy generation, Lyft and...
Construct Capital founders Rachel Holt, left, and Dayna Grayson. Photos by Construct Capital.
Uber, NEA Alums Launch $300 Million Fund to Back Supply Chain Startups
By Kate Clark · April 19, 2022 11:10 AM PDT · 1 comment
Construct Capital founders Rachel Holt, left, and Dayna Grayson. Photos by Construct Capital.
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Uber, NEA Alums Launch $300 Million Fund to Back Supply Chain Startups

By Kate Clark · April 19, 2022 11:10 AM PDT · 1 comment
When former Uber executive Rachel Holt and ex-NEA partner Dayna Grayson formed Construct Capital in early 2020, they set out to back companies that many venture capitalists overlook: manufacturing, supply chain and industrial startups. Then came the coronavirus pandemic, which threw global manufacturing into disarray and made supply chain... When former Uber executive Rachel Holt and ex-NEA partner Dayna Grayson formed Construct Capital...
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Surging Fuel Costs Hit Amazon’s Uber-Like Trucking Service

By Paris Martineau · March 18, 2022 10:05 AM PDT
The truckers Amazon relies on to move goods between its warehouse facilities are seeing their take-home pay dwindle due to a spike in fuel prices following the Russian invasion of Ukraine. Six owners of small trucking companies that book jobs transporting cargo for the e-commerce giant through an Uber-like platform called Amazon Relay said the... The truckers Amazon relies on to move goods between its warehouse facilities are seeing their...
Uber CEO Dara Khosrowshahi. Photo by Bloomberg.
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Rising Gas Prices Threaten Uber, Lyft, DoorDash

By Martin Peers · March 10, 2022 5:00 PM PST
Can Uber and Lyft ever catch a break? Just when investors might have thought it was safe to wade back into the ride-hailing waters, thanks to the decline of Omicron, gas prices take off. That’s going to raise fuel costs for drivers—including those working for both ride-hailing services and food-delivery operations like DoorDash—probably causing... Can Uber and Lyft ever catch a break? Just when investors might have thought it was safe to wade...