WeWork’s communications chief to leave after six turbulent months

2019-10-15 21:33

Jimmy Asci, who had joined the New York-based co-working company in April, resigned last Wednesday, according to a person familiar with the matter who wasn’t authorised to discuss the move publicly and asked not to be identified.

Uber plunged 12% after losing more money than expected

2019-08-09 08:36

"We think that 2019 will be our peak investment year," said Uber's CEO Dara Khosrowshahi. ""In 2020, 2021, you'll see losses come down."

The company behind Castle and Black Label said it won't take its Asia unit public, cancelling the largest listing of 2019

2019-07-14 09:32

The public offering was expected to raise as much as $9.8 billion dollars and would've helped the company expand in Asian markets.

WATCH: Uber posts $1 billion loss in first post-IPO results

2019-05-31 11:05

Uber announced a $1bn quarterly loss and a jump in revenue to $3.1bn in its first results since going public in early May. The results reassured some investors but still leaves others wondering how long it will take to turn a profit.

WATCH: Another brutal session for shares of Uber

2019-05-15 07:49

Uber shares have closed down over 10% on Monday, more than doubling their losses since the ride-hailing giant’s poorly received Wall Street debut.

Uber CEO Dara Khosrowshahi on basic Uber etiquette: Ask before using your phone, and don't slam the door

2019-05-13 13:33

The CEO of Uber has a few suggestions for how to be a nice person while riding in an Uber.

Uber’s first employee is poised to make over $1 billion after the company’s massive listing

2019-05-10 18:12

He’s already committed to donating at least some of it to charity.

Uber chose the worst possible week to have its IPO, and the bad timing will cost it billions

2019-05-10 05:27

A confluence of negative events likely weighed down Uber's shares, forcing it to price it public offering at the low end of its range.

South African Uber drivers received a one-time cash bonus this weekend – but not as much as their US counterparts

2019-04-29 14:54

Most South African drivers got only a couple of hundred rand – compared to some of the eye-popping amounts paid to American drivers ahead of the e-hailing company's listing.

Uber is going public at a $90 billion valuation - which is a quarter of SA's total economy

2019-04-26 14:58

The ride-hailing company plans to raise upwards of $10.3 billion and could secure a market cap of $90 billion.


WeWork plows ahead with listing, reshapes board to counter skepticism

2019-09-13 21:29

WeWork isn’t backing down from its embattled listing, announcing a series of governance changes to assuage investor concerns in an effort to bolster its flailing valuation.

Sexy South African companies, even really small ones, can now raise money via crowdfunding – and then list on a JSE competitor bourse

2019-07-25 15:32

A partnership between crowdfunding equity platform Uprise.Africa and upstart stock exchange ZAR X means shares in startups will be publicly traded, long before they reach the kind of size normally needed for a listing.

The owner of Black Label and Castle is reportedly planning the world's biggest listing of 2019

2019-07-02 19:34

Anheuser-Busch InBev's Asia-Pacific business would list on the Hong Kong Stock Exchange and help bolster's the company's presence in region.

Tencent revenue growth hits its slowest pace since IPO

2019-05-16 15:59

Tencent has reported the slowest pace of sales growth since it went public in 2004, as China’s largest company struggles to revive a battered gaming division while battling the country’s decelerating economy.

Uber shares decline for second day in US pre-market

2019-05-13 16:38

Uber shares have fallen further after a rocky debut for the biggest initial public offering of the year.

Uber skids below its IPO price in Wall Street debut

2019-05-10 19:03

Uber shares have skidded in their hotly anticipated Wall Street debut, opening with a loss of some 6% in a volatile session for the broader equity market.

Burger joints cash in on faux-meat mania as shares surge

2019-05-10 06:00

Faux meat may be the next fintech, or even marijuana. Especially if it comes smothered in Havarti cheese, beer onions, waffle sweet potato fries and smoked ketchup.

Strike set for rideshare drivers, casting shadow on Uber IPO

2019-05-08 11:50

Rideshare drivers in major US cities were set to strike Wednesday, casting a shadow over the keenly anticipated Wall Street debut of sector leader Uber.

Uber drivers may each get up to R570,000 as the company celebrates its Wall Street listing

2019-04-26 17:25

Uber plans to pay out the money to more than 1.1 million drivers around the world.

WATCH: Uber to start pitching IPO on Friday - source

2019-04-26 11:14

Ride-hailing company Uber will unveil terms for its initial public offering on Friday, telling investors it will seek to be valued at between $80 billion and $90 billion, according to people familiar with the matter.

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