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Grab CEO says the company can go public ‘once we’re profitable’

CNBCNovember 14, 2019November 14, 2019

by CNBCNovember 14, 2019November 14, 201904

Grab, which was valued at $14 billion in March this year, faces a $2 billion payout to Uber if it doesn’t go public by March 2023. Uber, a rival ride-hailing app, holds a 27.5% stake in Grab. Source link: Click here for more

CBS US News

Uber disputes hefty tax bill from New Jersey

CBS NewsNovember 14, 2019November 14, 2019

by CBS NewsNovember 14, 2019November 14, 201904

The Garden State is looking to harvest nearly $650 million in back taxes and penalties from Uber Technologies, making New Jersey the latest front in a nationwide battle over whether drivers who work for ridesharing companies are considered employees or independent contractors. Uber and subsidiary Rasier were assessed $523 million...

CNBC Business

Uber adds new safety features in the UK as another decision on its London license nears

CNBCNovember 13, 2019November 13, 2019

by CNBCNovember 13, 2019November 13, 201909

One feature Uber is introducing is a tool that lets users flag any discriminatory behavior they experience during a journey. Source link: Click here for more

CNBC Business

Alibaba readies $13 billion Hong Kong listing before the end of November

CNBCNovember 13, 2019November 13, 2019

by CNBCNovember 13, 2019November 13, 201908

Alibaba will issue 500 million new ordinary shares plus 75 million “greenshoe” options, and will stay listed in New York. Source link: Click here for more

CNBC Business

A new $400 million tech fund wants to help Europe compete with Silicon Valley and China

CNBCNovember 11, 2019November 12, 2019

by CNBCNovember 11, 2019November 12, 201904

Venture capital firm Balderton Capital has raised a new $400 million fund, which will be used to invest in early-stage European start-ups. Source link: Click here for more

CNBC Business

Uber chief called the murder of Jamal Khashoggi ‘a serious mistake’

CNBCNovember 10, 2019November 10, 2019

by CNBCNovember 10, 2019November 10, 201908

Uber CEO Dara Khosrowshahi expressed regret for describing the murder of Saudi journalist Jamal Khashoggi as a “mistake,” Axios reported. Source link: Click here for more

CNBC Business

Everything Jim Cramer said on ‘Mad Money,’ including HP and Xerox bid, CVS CEO, Uber versus Lyft

CNBCNovember 6, 2019November 6, 2019

by CNBCNovember 6, 2019November 6, 2019010

CNBC’s Jim Cramer discusses why Xerox’s bid for HP won’t happen, plus why Lyft is a buy but Uber is not. CVS’s CEO also sits down for a “Mad Money” interview. Source link: Click here for more

CNBC Business

Jim Cramer issues buy call on Lyft, remains ‘pessimistic’ on Uber

CNBCNovember 6, 2019November 6, 2019

by CNBCNovember 6, 2019November 6, 201905

Lyft “management’s promise to deliver positive EBITDA by the end of 2021 now sounds credible,” the “Mad Money” host says. Source link: Click here for more

CNBC - Real Estate

SoftBank CEO says after WeWork there will be no rescue investments

CNBC Real EstateNovember 6, 2019November 6, 2019

by CNBC Real EstateNovember 6, 2019November 6, 2019012

Masayoshi Son, chairman and chief executive officer of SoftBank Group at the SoftBank World 2018 event in Tokyo, Japan. Kiyoshi Ota | Bloomberg | Getty Images SoftBank CEO Masayoshi Son won’t call WeWork a rescue, claiming instead that the latest financing allowed his company to dramatically reduce the average share...

CNBC Business

Stocks making the biggest moves midday: HP, Uber, Coty, CVS, Altice USA & more

CNBCNovember 6, 2019November 6, 2019

by CNBCNovember 6, 2019November 6, 201906

Check out the companies making headlines in midday trading. Source link: Click here for more

CNBC Business

Uber shares slide ahead of lockup expiration

CNBCNovember 6, 2019November 6, 2019

by CNBCNovember 6, 2019November 6, 2019010

Wednesday is the first time since Uber’s IPO in May that insiders can sell the stock and analysts have warned it could put near-term pressure on the shares. Source link: Click here for more

CNBC Business

Stocks making the biggest moves premarket: CVS Health, Humana, Coty, Wendy’s & more

CNBCNovember 6, 2019November 6, 2019

by CNBCNovember 6, 2019November 6, 201909

Names on the move ahead of the open. Source link: Click here for more

CNBC Business

SoftBank Group plunges to $6.5 billion quarterly loss as tech bets stumble

CNBCNovember 6, 2019November 6, 2019

by CNBCNovember 6, 2019November 6, 201905

SoftBank Group Corp plunged on Wednesday to a quarterly loss that was far larger than analysts’ estimates, hit by the falling valuations of some of its biggest tech bets such as WeWork and Uber Technologies. Source link: Click here for more

CNBC Business

Everything Jim Cramer said on ‘Mad Money,’ including growth and value stocks, Twilio CEO, AI trading

CNBCNovember 5, 2019November 5, 2019

by CNBCNovember 5, 2019November 5, 201908

CNBC’s Jim Cramer breaks down Wall Street’s sentiment toward high-growth and value stocks, sits down with FireEye CEO Kevin Mandia, gets an explanation from Twilio CEO Jeff Lawson about a forecast error and berates the machine trading of stocks. Source link: Click here for more

CNBC Business

Uber promised profits, but offered few details when analysts hammered it with skeptical questions

CNBCNovember 5, 2019November 5, 2019

by CNBCNovember 5, 2019November 5, 201908

Uber executives said they are targeting “total company EBITDA profitability for the full year 2021.” Source link: Click here for more

CNBC Business

Connected fitness company Peloton reports earnings before the bell

CNBCNovember 5, 2019November 5, 2019

by CNBCNovember 5, 2019November 5, 201906

Connected fitness company Peloton reports earnings Tuesday before the bell, the first time Peloton will report since making its public debut. Source link: Click here for more

CNBC Business

Stocks making the biggest moves after hours: Uber, Shake Shack, Myriad Genetics and more

CNBCNovember 4, 2019November 4, 2019

by CNBCNovember 4, 2019November 4, 201906

See which stocks are posting big moves after the bell. Source link: Click here for more

CNBC Business

Uber CEO Dara Khosrowshahi predicts profitability by 2021

CNBCNovember 4, 2019November 4, 2019

by CNBCNovember 4, 2019November 4, 201906

Uber continues to burn through cash, but CEO Dara Khosrowshahi said the company could become profitable by 2021. Source link: Click here for more

CNBC Business

Uber to announce earnings after the bell

CNBCNovember 4, 2019November 4, 2019

by CNBCNovember 4, 2019November 4, 201907

CEO Dara Khosrowshahi has said 2019 will be Uber’s peak investment year. Source link: Click here for more

CNBC Business

Investors reassess the hope-and-hype business model, causing stocks like GrubHub to plunge

CNBCNovember 2, 2019November 2, 2019

by CNBCNovember 2, 2019November 2, 2019010

There is a stark reassessment of businesses that purport to be software companies and aspire to software valuations, Michael Santoli writes. Source link: Click here for more

Uber Technologies Inc

Grab CEO says the company can go public ‘once we’re profitable’

Uber disputes hefty tax bill from New Jersey

Uber adds new safety features in the UK as another decision on its London license nears

Alibaba readies $13 billion Hong Kong listing before the end of November

A new $400 million tech fund wants to help Europe compete with Silicon Valley and China

Uber chief called the murder of Jamal Khashoggi ‘a serious mistake’

Everything Jim Cramer said on ‘Mad Money,’ including HP and Xerox bid, CVS CEO, Uber versus Lyft

Jim Cramer issues buy call on Lyft, remains ‘pessimistic’ on Uber

SoftBank CEO says after WeWork there will be no rescue investments

Stocks making the biggest moves midday: HP, Uber, Coty, CVS, Altice USA & more

Uber shares slide ahead of lockup expiration

Stocks making the biggest moves premarket: CVS Health, Humana, Coty, Wendy’s & more

SoftBank Group plunges to $6.5 billion quarterly loss as tech bets stumble

Everything Jim Cramer said on ‘Mad Money,’ including growth and value stocks, Twilio CEO, AI trading

Connected fitness company Peloton reports earnings before the bell

Stocks making the biggest moves after hours: Uber, Shake Shack, Myriad Genetics and more

Uber CEO Dara Khosrowshahi predicts profitability by 2021

Investors reassess the hope-and-hype business model, causing stocks like GrubHub to plunge

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