Category: ride hailing
Gojek reportedly buys 4.3% stake in Indonesian taxi company Blue Bird
Gojek has paid $30 million to take a minority stake in Blue Bird, one of the largest taxi operators in Indonesia, according to Bloomberg, which first reported that the deal was in progress last month. Gojek’s stake in Blue Bird is worth $30 million. The taxi operator’s holding company disclosed…
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Unpacking Uber’s new profitability promise
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Yesterday Uber reported its Q4 2019 financial performance. Today, following the news, shares of the ride-hailing giant are up over 9%, pushing Uber’s stock above $40 per share. While Uber’s…
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Lyft confirms 90 layoffs as it targets profitability
Shares of popular American ride-hailing giant Lyft are off 1.5% today in regular trading after the New York Times reported that the company would cut some staff. TechCrunch confirmed with the company that 90 individuals are expected to be impacted by the changes. The company’s shares dipped as far as…
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