Goldman Sachs is forming an investment-banking joint venture that will specialise in automotive technology, Bloomberg reported on Friday. Auto technology has provided plenty of dealmaking and underwriting opportunities for Wall Street banks in recent years, as there have been a number of high-profile acquisitions and public listings involving electric-vehicle, autonomous-vehicle, and ride-hailing companies. Goldman has… Continue reading World NM: Goldman Sachs is creating an auto-tech joint venture amid a SPAC boom for EV and lidar companies: Report000858
Tag: Uber
Uber and Lyft are ‘proxies for the reopening’ as investors look to rideshare to predict the pandemic recovery (UBER, LYFT)
Investors are looking at Uber and Lyft as early signs of how the economic recovery may take shape. Analysts told Insider the companies’ fates are closely tied to post-pandemic travel and consumer trends. They said Uber and Lyft became much more nimble during the pandemic, but uncertainty remains. Visit the Business section of Insider for more… Continue reading Uber and Lyft are ‘proxies for the reopening’ as investors look to rideshare to predict the pandemic recovery (UBER, LYFT)
The Rot of Riot Games Culture Starts at the Top
In 2014, Riot Games’ then-executive assistant Melanie McCracken began to notice that her supervisor, Jin Oh, didn’t seem to hire women into senior leadership vacancies. Women were generally brought on as assistants, she said in a 2018 civil complaint alleging widespread gender discrimination at the League of Legends publisher. Oh, an executive at the company,… Continue reading The Rot of Riot Games Culture Starts at the Top
With a reported deal in the wings for Joby Aviation, electric aircraft soars to $10B business
One year after nabbing $590 million from investors led by Toyota, and a few months after picking up Uber’s flying taxi business, Joby Aviation is reportedly in talks to go public in a SPAC deal that would value the electric plane manufacturer at nearly $5.7 billion. News of a potential deal comes on the heels of another big SPAC transaction… Continue reading With a reported deal in the wings for Joby Aviation, electric aircraft soars to $10B business
Uber investors struggled to grasp its Q4 earnings, reflecting the company’s uncertain road to profitability (UBER)
Uber reported its Q4 2020 earnings on Wednesday, and its mixed results highlighted the uncertain road ahead for the company, which has yet to turn a profit in its twelve-year history. Uber beat Wall Street’s earnings expectations, losing $0.54 per share versus estimates of $0.55 — but it fell short on revenue, with $3.17 billion… Continue reading Uber investors struggled to grasp its Q4 earnings, reflecting the company’s uncertain road to profitability (UBER)
Uber CEO says the company will consider accepting Bitcoin from customers
Uber’s CEO Dara Khosrowshahi said on Thursday that the rideshare company is open to accepting Bitcoin as a currency. “Just like we accept all kinds of local currency, we are going to look at cryptocurrency and/or Bitcoin in terms of currency to transact,” he told CNBC’s “Squawk Box,” of Uber’s thoughts on adding Bitcoin as… Continue reading Uber CEO says the company will consider accepting Bitcoin from customers
Uber and Lyft are getting less unprofitable, but COVID-19 is still a drag on their business
Uber and Lyft reported their quarterly earnings this week, and while both companies are showing signs of improvement, the COVID-19 pandemic continues to cast a long shadow over the overall ride-hailing business. It raises the question of how both companies, neither of which have ever turned a profit, can hope to claw their way out… Continue reading Uber and Lyft are getting less unprofitable, but COVID-19 is still a drag on their business
Robots are clawing their way into our future
From its roots as a convention where manufacturers met with dealers to secure orders, CES primarily features products that companies have on a firm shipping schedule. But the show also has its share of tantalizing teases. Some of these are products on the precipice of availability such as the NEC LaVie mini (which seems to… Continue reading Robots are clawing their way into our future
Joining with Toyota and Uber gives Amazon-backed Aurora the tools it needs to take on self-driving leader Waymo
Three recent deals have given Aurora access to ride-hailing and car-building expertise. The latest, a partnership with Toyota, puts Aurora in a better position to compete with Waymo. But Aurora still has to prove it can put robotaxis on the road. Visit the Business section of Insider for more stories. Aurora Innovation has announced three… Continue reading Joining with Toyota and Uber gives Amazon-backed Aurora the tools it needs to take on self-driving leader Waymo
Uber CEO dismisses bitcoin investment, could use for transactions: CNBC
By Reuters Staff 1 Min Read FILE PHOTO: Uber CEO Dara Khosrowshahi speaks during a meeting with the Economic Club of New York in New York City, New York, U.S., December 4, 2019. REUTERS/Andrew Kelly/File Photo (Reuters) – Uber Technologies Chief Executive Dara Khosrowshahi said on Thursday that the company discussed and “quickly dismissed” the… Continue reading Uber CEO dismisses bitcoin investment, could use for transactions: CNBC