Category: Ipo

Faraday Future founder files for Chapter 11 bankruptcy

Post author By Randall
Post date October 14, 2019
Categories In bankruptcy, business, chapter 11, debt, electric vehicle, ev, faraday future, gear, Ipo, jia yueting, restructuring, startup, Tech, tomorrow, Transportation

[ad_1] In the proposed plan, Yueting will use his ownership stake in the long-troubled, cash-strapped EV startup Faraday Future to create a creditor trust and repay his debts. That’s not a total surprise. Last month, Yueting stepped down as CEO in order to create this trust. According to Faraday Future, the restructuring will not affect […]

Uber’s IPO went off amid outcry over labor conditions and wages

Post author By Randall
Post date May 10, 2019
Categories In business, gear, Ipo, new york stock exchange, public offering, ridesharing, shares, Tech, trading, Transportation, Uber

[ad_1] Yesterday, just ahead of the IPO, Uber and Lyft drivers across the country went on strike over labor conditions and poor pay. It’s unclear how the IPO might affect drivers, but Uber said in a statement drivers were “at the heart of our service” and vowed to “continue working” on improving the experience. In […]

Uber’s self-driving unit gets its own CEO and a $1 billion investment

Post author By Randall
Post date April 18, 2019
Categories In autonomous, denso, gear, investment, Ipo, self-driving car, softbank, Tech, toyota, Transportation, Uber, uber atg

[ad_1] As Uber finally closes in on its IPO, its self-driving car unit is getting a big cash infusion and some independence. The company announced tonight that Toyota, Denso and Softbank are investing a total of $1 billion in its Advanced Technologies Group (Uber ATG), in a deal that values that part of the company […]

Uber files for its IPO and faces the past

Post author By Randall
Post date April 11, 2019
Categories In business, dara khosrowshahi, gear, Ipo, ridesharing, Tech, Transportation, Uber, uber atg, uber eats, uber freight, unicorn

[ad_1] Ten years after the company was founded, Uber is finally ready to go public. The company revealed its S-1 filing for an IPO this afternoon, and as such opened up more information to everyone about its finances and concerns going forward. Going through the document, a lot of those concerns involve the past, particularly […]