Tag Archives: merger

Ride-Hailing Business Too Tough for Lyft!

Lyft is still on track to lose no more than $600 million this year, excluding legal settlements. That is in line with the $50 million monthly cap on spending it promised investors back in April. The second most valuable ride-hailing service in the country, may have attempted to sell itself to Apple, Google, Amazon, General Motors and even ride-sharing rivals

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Uber Sells China Operations to Didi Chuxing

Global ride-hailing giant Uber Technologies Inc. has given up its costly battle for China’s riders, swapping its local operations there for a minority stake in the country’s homegrown champion, Didi Chuxing Technology Co. Didi, said Monday that Uber and investors in its UberChina unit will take a 20% stake in the company. Combined with Uber’s China business that was valued

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