Uber Technologies Inc
‘Fortunes are made during recessions’: Venture capital CEO reveals where he’s looking to invest
As President Donald Trump’s trade tariffs raise expectations of a U.S. recession , one venture capital chief says “bring it on.” The biggest risk for investors right now is uncertainty, according to Mitchell Green, founder and CEO of Leap Edge Capital, which has stakes in several U.S. and international blue-chip companies. But he said this […]
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Lyft to buy taxi app Free Now for $200 million to expand into Europe
Lyft logo is seen in this illustration taken June 27, 2022. Dado Ruvic | Reuters U.S. ride-hailing firm Lyft on Wednesday announced that it’s buying European taxi app Free Now in a 175 million euro ($199 million) deal. The company said that the acquisition — Lyft’s first in Europe — is expected to close in […]
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Lyft to buy taxi app Free Now for $200 million to expand into Europe
Key Points Ride-hailing firm Lyft is buying European taxi app Free Now for $199 million. The acquisition — Lyft’s first in Europe — is expected to close in the second half of 2025. Europe is a highly competitive ride-hailing market, occupied by the likes of Uber, Bolt and Gett. Source
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With IPOs on hold even longer, tariffs spell trouble for private tech investors
A VIX volatility index chart on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, March 19, 2025. Federal Reserve officials held their benchmark interest rate steady for a second straight meeting, though they telegraphed expectations for slower economic growth and higher inflation. Photographer: Michael Nagle | Bloomberg | […]
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Waymo will launch Washington, D.C., robotaxi service in 2026
Waymo self-driving cars with roof-mounted sensor arrays traveling near palm trees and modern buildings along the Embarcadero, San Francisco, California, February 21, 2025. Smith Collection/gado | Archive Photos | Getty Images Waymo’s officially on its way to the nation’s capital. The Alphabet-owned autonomous driving robotaxi service will be available in Washington, D.C., in 2026, the […]
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Dealmaker Michael Grimes expected to lead new U.S. sovereign wealth fund: Reuters
Michael Grimes, head of global technology investment banking at Morgan Stanley, smiles while speaking to freshman students enrolled in the Management, Entrepreneurship, and Technology (M.E.T.) program during an orientation at the University of California-Berkeley campus in Berkeley, California, U.S., on Friday, Aug. 17, 2018. David Paul Morris | Bloomberg | Getty Images Star technology investment […]
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Stocks making the biggest moves midday: Best Buy, Walgreens Boots Alliance, Tesla, Okta and more
Check out the companies making headlines in midday trading: Okta — Shares surged 18% after the cloud software firm posted a fourth-quarter earnings and revenue beat. Okta reported adjusted earnings of 78 cents per share on revenue of $682 million, while analysts polled by LSEG expected 74 cents in earnings per share and $670 million […]
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OpenAI tops 400 million users despite DeepSeek’s emergence
Brad Lightcap of OpenAI. Courtesy: OpenAI OpenAI appears to be growing quickly despite increasing competition. The San Francisco-based tech company had 400 million weekly active users as of February, up 33% from 300 million in December, the company’s chief operating officer, Brad Lightcap, told CNBC. These numbers have not been previously reported. Lightcap pointed to […]
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Bill Ackman reveals he’s been building a more than $2 billion stake in Uber
Bill Ackman, CEO of Pershing Square Capital Management, speaking at the Delivering Alpha conference in New York City on Sept. 28, 2023. Adam Jeffery | CNBC Pershing Square’s Bill Ackman revealed Friday that he has built a significant stake in Uber. In a post on X, the hedge fund manager said he began buying Uber […]
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IBM is the best Dow stock over the past 3 months, but one CIO says its AI message is disappointing
IBM has been the best-performing stock in the blue-chip Dow Jones Industrial Average over the past three months, climbing 27%, but according to Scott Nations, president and chief investment officer of Nations Indexes, the original tech stock has more to prove in artificial intelligence. Nations appeared on CNBC’s “Power Lunch” on Wednesday to share his […]
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