Tag: lyft
Equity Monday: Intel covets Moovit, two early stage rounds, and Uber’s earnings
Good morning and welcome back to TechCrunch’s Equity Monday, a jumpstart for your week. Equity had a busy last few days, so to help you catch up: Friday’s episode was a lot of fun (Duolingo, Figma, OMERS, and aquafaba), and we also dropped an Equity Shot on Saturday, digging into the…
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IPOs, crypto funds and other things I missed this week
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. What a week it’s been. I’m exhausted. Not only are we another cycle deeper into the COVID-19 quarantine, but there seems to be more news than ever to sift through.…
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Lyft lays off nearly 1,000 employees
More than 1,000 people are out of work due to cutbacks at Lyft. The company is laying off 982 employees, 17 percent of its workforce, CNBC reports. It is furloughing another 288 workers.In a regulatory filing, the company detailed plans to reduce the… Source
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As Uber reportedly contemplates layoffs, a look back at its post-IPO financial performance
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Yesterday news broke that Uber’s CTO Thuan Pham would leave the company (confirmed), and that the American technology giant is contemplating a huge staffing cut to reduce its cost structure.…
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Former Tesla and Lyft exec Jon McNeill just launched a fund that plans to spin out its own companies
Lyft’s former COO Jon McNeill has had a fairly storied career as an operator. A Northwestern University economics major who worked at Bain & Co. out of college, he went on to start and sell five companies before being introduced in 2015 to Elon Musk by Sheryl Sandberg and spending…
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Ben Horowitz, a16z general partner, is leaving Lyft’s board
Ben Horowitz, the co-founder and general partner of venture capital firm Andreessen Horowitz, won’t seek re-election to Lyft’s board, according to a document filed with the U.S. Securities and Exchange Commission on Monday. Horowitz has served as a board director at the ride-hailing company since June 2016. His venture firm,…
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