Investors could pump $1 billion into Uber self-driving cars
16 Mars, 2019, 02:29 | Auteur: Auguste Feret
Uber Technologies Inc is planning to file for an initial public offering in April, according to people familiar with the matter cited by Reuters. But considering the massive bet it has on Uber, SoftBank will want to do whatever it can to boost the business. Analysts said it's plainly obvious competitive reasons are behind Uber's advancing its IPO by half a year.
Uber will actually get beaten to an IPO by its smaller rival, Lyft, which is expected to complete its IPO in the coming weeks.
During the last quarter of 2018, Lyft had already submitted their IPO paperwork to the SEC, while the filing submitted to the Securities and Exchange Commission describes the expectation to list Lyft on Nasdaq exchange market.
The company will release its public disclosure next month and launch an investor roadshow, the sources said.
It could also help underscore Uber's value as the ride-hailing firm prepares for a stock market debut in which its value could top $100 billion.
Japan's largest automaker Toyota injected $500 million into Uber previous year to work on self-driving cars, where both companies are seen as lagging rivals like Alphabet's self-driving unit Waymo.
The operational force of Uber lies in the fact that Uber is made available in 70 countries, while Lyft is only available in Canada and the United States at the moment, however, both Uber and Lyft are losing money.
Lyft's revenue for a year ago was $US2.2 billion, with $US8.1 billion in gross ride bookings. It had $8.1 billion in bookings in 2018, a 78 percent jump from $4.6 billion in 2017.
The investment is said to provide an inflow of cash for Uber's self-driving program, which is costing the startup to lose hundreds of millions without making any revenue. It would also provide Uber with cash for the venture: the company spent US$750 million on self-driving vehicle development in 2017, though it has since cut back.
Uber was most recently valued at $76 billion in the private market.
In the U.S. , 228 individual cases of measles have been confirmed in 12 states , by the CDC, between January 1 to March 7, 2019. The CDC says the majority of cases involve people who were not vaccinated against measles.
Axelrod continued tweeting that the interview with Bush had proven to be "incredibly candid on all fronts" in terms of the former governor's opinions on the current president, his policies and the Republican Party.
Duminy joins stalwarts like Chris Gayle and Imran Tahir in announcing that the World Cup will be their swansong. It is expected that he will be part of the 15-man squad to be named by South Africa for the World Cup.
Though Game of Thrones will be all wrapped up in just a couple of months' time, HBO isn't done with the franchise just yet. HBO has confirmed Game of Thrones' final supersized episodes, including three that hit the 80-minute mark.
You can tell what a guy's about by watching him play. "Yes, he was the first person I talked to after coming here. When asked if Allen and Brown would meet up in the offseason, Brown confirmed, but said they wouldn't be alone.
You can't ever write off the little guy. "Whatever gameplan they've got going, it won't work". "This is going to be a hard fight". He's on his way out and with everything he's accomplished, especially if I can really put a beating on him and get a stoppage.
He also noted that despite record numbers of apprehensions at the border, there was not enough space to detain them all. Speaking in the Oval Office, Trump painted his usual portrait of a lawless and violent border.
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Le jour où cette souris a été vue sur les baguettes de pain, le précédent contrôle remontait justement à il y a quinze jours. La présence de ce mammifère s'expliquerait par la proximité de l'enseigne avec un chantier du Grand Paris Express .
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New Zealand gun laws to change: Ardern
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Bears sign safety Clinton-Dix to 1-year deal
The Chicago Bears are going all Crimson Tide on the back end of their defense for the 2019 National Football League season. On Thursday, the former Alabama safety reportedly signed a one-year deal with the Chicago Bears, according to Ian Rapoport.