If we are serious about growing the economy and creating jobs, we need to support these young people – even though they don't seem to expect any help or handouts, writes Melanie Verwoerd.
Showers late. More sun than clouds. Mild.
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.
"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 public offering was expected to raise as much as $9.8 billion dollars and would've helped the company expand in Asian markets.
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.
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.
The CEO of Uber has a few suggestions for how to be a nice person while riding in an Uber.
He’s already committed to donating at least some of it to charity.
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.
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.
The ride-hailing company plans to raise upwards of $10.3 billion and could secure a market cap of $90 billion.
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.
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.
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 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 have fallen further after a rocky debut for the biggest initial public offering of the year.
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.
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.
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 plans to pay out the money to more than 1.1 million drivers around the world.
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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