Uber Technologies Inc and Lyft Inc, the two leading U.S. ride-hailing companies, are on divergent paths as Uber pours money into money-losing side businesses while smaller rival Lyft focuses on moving people around.

Shares of Uber Technologies Inc rose on Friday after the ride-hailing company laid out an ambitious plan to be profitable by the end of 2020, a year ahead of its previous target as it tries to squash Wall Street doubts over its long-term viability.

Uber reported quarterly earnings Thursday that exceeded Wall Street's expectations. Shares surged as much as 9% in early trading Friday. Uber also announced that it will reach profitability this year, earlier than its previous goal of reaching profitability o…

Casper on Wednesday priced its IPO at $12 a share. That's at the low end of the range it had already lowered earlier in the day. The price gives the company a market capitalization of around $490 million, or less than half the valuation venture investors gave…

Uber will report its fourth-quarter 2019 earnings on Thursday following the closing bell. Wall Street expects the ride-hailing giant to remain deeply unprofitable, while slowly shoring up its bottom line. The industry is quickly becoming more "rational," anal…

LM Otero/Associated Press General Motors on Wednesday reporter fourth-quarter and full-year financial performance that largely met investor expectations. Annual profits fell 17% in 2019, thanks in large part to a a $232 million fourth quarter loss. A 40-day s…

Ride-sharing companies Uber and Lyft raced higher and there's a chance both stocks could kick into overdrive.

Investors may be missing the forest from the trees. Lyft's layoffs were selective, affecting sales and marketing divisions. The company reportedly plans on hiring 1,000-plus employees this year. The post Lyft Is Becoming Lean and Mean, So Why Is the Stock Dro…

Internet services company Opera has come under a short-sell assault based on allegations of predatory lending practices by its fintech products in Africa. Hindenburg Research issued a report claiming (among other things) that Opera’s finance products in Niger…

Uber's much-anticipated IPO was a bust, and that's brought out plenty of Wall Street haters. Uber could dive into plenty of new lines of business in search of profits. Short-term, its biggest advantage is its size — and the pricing power that comes with marke…

It’s not looking great for ride-hailing giant Uber (NYSE: UBER). Today, Uber closed its second day of trading down more than 18.8 percent from its IPO price at $37.25 per share with a market cap of $62.2 billion. Uber, which was previously valued at $72 billi…

Uber CEO Dara Khosrowshahi sent an email to employees on Monday, addressing the ride-hailing giant's brutal stock-market debut. He noted that while the market has so far punished Uber's newly minted shares, employees should be mindful that its early post-init…

Slack discloses latest earnings, plans NYSE direct listing for June 20.

Lyft hit a new low Monday after shares of rival Uber had an underwhelming stock-market debut on Friday. Lyft's stock is down nearly 34% since its initial public offering in late March as investors grapple with the company's uncertain path to profitability and…

If Uber turns into the high-growth tech stock of bull analysts' dreams, the ride-hailing company could disrupt the longstanding acronym of FAANG. FAANG represents the five of the most popular and high-value tech stocks: Facebook, Apple, Amazon, Netflix, and G…

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines.

Uber (NYSE: UBER) closed down nearly 8 percent after a rocky debut Friday.

Uber Technologies Inc's stock on Friday opened down 6.7 percent in its first trade on the New York Stock Exchange, in the most high-profile U.S. market debut since Facebook Inc seven years ago.

Uber's shares opened below the IPO price and Main Street investors were lucky they couldn't get in ahead of the IPO. Despite Uber's early trading, IPOs often represent an opportunity for investors to book significant gains quickly. Markets Insider walks throu…

Uber's much-anticipated IPO happened this morning, with shares hitting the New York Stock Exchange under the symbol UBER. The IPO raised $8.1 billion, with shares set at $45 and the company valued at $82.4 billion. This comes amid outcry over Uber's low drive…

At long last, it’s lift-off for Uber. After pricing its initial public offering at $45 per share, at the bottom end of the range it set previously, to raise $8.1 billion, transportation startup began trading today on the New York Stock Exchange, and the share…

The value of Uber shares given to some of the company's employees may not be higher when the company launches its initial public offering (IPO) on Friday than it was three years ago, a Bloomberg opinion column written by Shira Ovide notes. Citing data from Eq…

Ryan Graves was Uber's first employee and briefly held the CEO position before founder Travis Kalanick. He is poised to become a billionaire in Uber's public debut Friday, but he is part of a new set of early tech employees that have committed to donating a p…

Lyft shares were sliding on Friday morning as traders readied for rival Uber's initial public offering. Shares were trading down more than 5%. Lyft on Wednesday announced disappointing first-quarter results, sending shares to a record low. Watch Lyft trade li…

Lyft shares were sliding on Friday morning as traders readied for rival Uber's initial public offering. Shares were trading down more than 2%. Lyft on Wednesday announced disappointing first-quarter results, sending shares to a record low. Watch Lyft trade li…

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