“It is our contention that the investment industry may be experiencing a peak of its own, in this case the point of the maximum rate at which it extracts value from its clients’ assets. Let’s call it Peak Gravy.” That’s a recent quote from Tom Coutts, who is one of a few dozen partners at… Continue reading Baillie Gifford’s Charles Plowden on 110 years of investing
Author: Tech Crunch Online News
Uber is dishing out ‘appreciation awards’ up to $10K to let prolific drivers buy stock
As Uber gears up for its highly anticipated public debut, the company is setting aside some dough for drivers that have logged some serious rides on the platform as a reward for sticking with the service. The company follows Lyft, which also rewarded drivers with one-time cash bonuses during its public offering. The company is… Continue reading Uber is dishing out ‘appreciation awards’ up to $10K to let prolific drivers buy stock
Uber files for IPO
Uber has filed its S-1, setting the stage for the transportation company to go public next month. This comes less than one month after competitor Lyft’s debut on the public market. Uber is listing under the New York Stock Exchange under the symbol “UBER,” but has yet to disclose the anticipated initial public offering price.… Continue reading Uber files for IPO
Didi steps up financial drive as it courts car leasing companies
Didi Chuxing is making a further push into the financial arena as it looks to diversify its business amid huge losses. We reported in January that the company, which controls a dominant slice of China’s ride-hailing market, released financial and insurance products targeting riders and drivers. Its service offering just broadened after the startup launched… Continue reading Didi steps up financial drive as it courts car leasing companies
Online used car startup Shift adds another $40M, snags COO in road to IPO
Online used car startup Shift Technologies has tacked on another $40 million in equity funding, hired a new COO with Amazon and Enjoy roots and scaled up its engineering staff — all in the past several months — as the company aims to double its revenue this year. The recent activity, along with what executives… Continue reading Online used car startup Shift adds another $40M, snags COO in road to IPO
The right way to do AI in security
AI often falls short when it comes to cybersecurity, but the benefits can be significant when done correctly Kelly Shortridge 11 hours Artificial intelligence applied to information security can engender images of a benevolent Skynet, sagely analyzing more data than imaginable and making decisions at lightspeed, saving organizations from devastating attacks. In such a world,… Continue reading The right way to do AI in security
Uber is expected to seek $10 billion in IPO
Uber is reportedly making its S-1 publically available tomorrow, according to Reuters. According to the IPO paperwork, Uber will sell around $10 billion worth of stock, Reuters sources say. If true, Uber’s IPO would be one of the G.O.A.T. (greatest of all time) in the tech industry since Alibaba’s 2014 IPO. While previous reports have… Continue reading Uber is expected to seek $10 billion in IPO
Uber, Lyft and the challenge of transportation startup profits
Transit has always required subsidies — can Uber and Lyft escape history? Tracey Lindeman 13 hours How much does transportation cost you? In most cities, bus or subway fare might set you back $3 or so. A tank of gas, maybe $30 or $40 depending on your car. An hour of street parking? Sometimes it’s… Continue reading Uber, Lyft and the challenge of transportation startup profits
Lime just pulled its scooters out of Lubbock ahead of tonight’s NCAA game
Lubbock fans watching tonight’s NCAA Men’s National Championship basketball game between the University of Virginia and Texas Tech will have numerous ways to celebrate if the latter wins, but riding Lime-branded electric scooters will not be among them. Six months after Lime rolled out its motorized vehicles in Lubbock — the city in Northwest Texas… Continue reading Lime just pulled its scooters out of Lubbock ahead of tonight’s NCAA game
Human rights activist Amira Yahyaoui is battling the US college financial aid system
Tunisian human rights activist Amira Yahyaoui couldn’t go to college. Not because she couldn’t afford it; where she comes from, college is virtually free. She lost the opportunity to pursue higher education, to finish high school, even, when she was exiled from Tunisia at age 17, under the repressive regime of the country’s former President,… Continue reading Human rights activist Amira Yahyaoui is battling the US college financial aid system