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.

Uber faces proposed ‘IPO tax’ in its hometown

2019-04-25 14:15

Uber’s initial public offering will mean a massive payoff for many employees. In the company’s hometown of San Francisco, it will also deepen fears that a wave of technology IPOs threatens to displace other residents who are being left behind.

Europe's biggest new listing this year has started trading —Italy's Nexi is a rare bright spot amid a regional slump

2019-04-17 13:34

It's a rare positive sign for European listings, after Brexit worries and a market rough patch led to many IPO plans shelved or scrapped altogether.

MTN is said to prepare for share sale of African unicorn Jumia

2019-02-08 19:45

African online retailer Jumia is planning an initial public offering in New York this year that could value the business at about $1.5bn (about R20bn), according to people familiar with the matter.


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.

Zoom and Pinterest IPOs pit reality against dreams

2019-04-22 10:28

Two technology IPOs priced late on Wednesday. They're as different as chalk and cheese, says Shira Ovide.

Uber has filed to go public in what could be the biggest IPO in years

2019-04-12 11:02

Lyft, the company's biggest competitor, has seen its stock fall more than 23% since it began trading in late Match.

Slack has filed to go public

2019-02-05 15:10

Slack has announced that it confidentially filed to go public on Monday.

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