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Uber is expected to go public this week in an offering that could value the 10-year-old startup at $80 billion to 90 billion. Yet in the decade since its inception, the ride-sharing platform has not turned a profit — and the company admits in its IPO filings that profits may never happen at the end of the road for Main Street investors. It's not unheard of for tech companies to lose money as they mature. Amazon first became profitable years after its initial public offering in May 1997. But it's unusual for a company of Uber's scale to still be...

Uber Technologies’ IPO filing was made public today. The 330-page or so S-1 filing disclosed all kinds of goodies, including detailed but still unaudited pro-forma financial statements as of December 31, 2018, huge losses from operations, big tax benefits, large gains from the sale of some operations, stagnating rideshare revenues, and an enormous list of chilling “Risk Factors” that go beyond the usual CYA. The filing, however, didn’t disclose the share price, the IPO valuation, and how much money the IPO will raise for Uber. On Tuesday, “people familiar with the matter” had told Reuters that Uber plans to raise...

Uber Technologies Inc has decided it will seek to sell around $10 billion worth of stock in its initial public offering, and will make public the registration of the offering on Thursday, people familiar with the matter said on Tuesday. An IPO of this size would make Uber one of the biggest technology IPOs of all time, and the largest since that of Chinese e-commerce giant Alibaba Group Holding Ltd in 2014. Uber is seeking a valuation of between $90 billion and $100 billion, influenced by the poor performance of smaller rival Lyft Inc’s shares following its IPO late last...

Ride-sharing company Lyft has gone public, debuting on the Nasdaq exchange. Trading under the ticker symbol LYFT, the company's shares were priced at a higher-than-expected $72 for the initial public offering as the opening bell rang on Friday morning. The company's executives rang the bell remotely from a party in Los Angeles inside of a former car dealership they plan to convert into a center for their company's drivers. Lyft won the race to go public with its much larger rival Uber, giving investors their first chance to get in on the peer-to-peer ride-sharing business.

I Used to Write for Sports Illustrated. Now I Deliver Packages for Amazon. Austin MurphyAuthor and longtime Sports Illustrated senior writerHoliday parties were right around the corner, and I needed a cover story. I didn't feel like admitting to casual acquaintances, or even to some good friends, that I drive a van for Amazon......Let's face it, when you're a college-educated 57-year-old slinging parcels for a living, something in your life has not gone according to plan. That said, my moments of chagrin are far outnumbered by the upsides of the job. There's a certain novelty, after decades at a legacy...

No one likes dealing with bureaucracy, but some kinds of bureaucracy are easier to tolerate than others. It's no picnic for a kid to get their learner's permit, take driving lessons, complete a written driving exam and then take a driving test in order to get their license. The good news is that the driver's license system works. When your kid completes the steps, they'll get their driver's license. If only job-hunting were such a simple process! When you complete an online job application, you're guaranteed exactly nothing. You may get an interview and you may not. You may hear...

A new ruling from the California state supreme court may open the door for legislators in that state to once again try to wipe out the gig economy, including companies like Uber, Lyft and Airbnb. Previous, direct attempts to regulate such companies out of existence have failed so far, but this case deals with a tangentially related employment area. The court is ordering a change to how the state classifies independent contractors along with temporary employees. By allowing companies to classify certain workers as independent contractors, they don’t have to comply with minimum wage laws, pay overtime or conform to...

Uber’s board plans to approach Facebook operating chief Sheryl Sandberg about filling its newly vacant CEO spot, The Post has learned. The Sandberg idea is being pushed by Uber board member Arianna Huffington in the wake of Travis Kalanick’s surprise resignation as chief executive late Tuesday, according to a source close to the board.

Whether by economic necessity or by choice, as many as one-third of American workers now find themselves piecing together two, three or more on- demand opportunities to make a living. It's called The Gig Economy, or the Sharing Economy. Yet Washington mostly has remained on the sidelines as the U.S. economy, its workforce and the work place, have undergone perhaps the most dramatic transformation in decades. Senator Warner, a former business executive, is committed to bringing this conversation to Washington, working with his colleagues, stakeholders, and the growing “gig economy” workforce, to put forward practical solutions to keep up with...

I got a part time job in a Des office as a receptionist, but I may be able to use my phlebotomy skills to. Thanks for all your prayers. :)

Breitbart News has learned that less than a month before Barbara Walters defended Bill Maher's vicious attacks on Sarah Palin's special-needs son, Walters personally called Palin's camp to ask if the former Alaska governor could be a guest co-host on The View sometime during the months before the legendary anchor retires from TV journalism. Maher mocked Palin's special needs son by referring to him as "retarded" during a June 8 Las Vegas show. When Palin's schedule did not allow for her to guest host, Palin's advisers left the invitation as an open question. This backstory makes Walters's refusal to defend...

It's been called the Gig Economy, Freelance Nation, the Rise of the Creative Class, and the e-conomy, with the "e" standing for electronic, entrepreneurial, or perhaps eclectic. Everywhere we look, we can see the U.S. workforce undergoing a massive change. No longer do we work at the same company for 25 years, waiting for the gold watch, expecting the benefits and security that come with full-time employment. We're no longer simply lawyers, or photographers, or writers. Instead, we're part-time lawyers-cum- amateur photographers who write on the side. Today, careers consist of piecing together various types of work, juggling multiple clients,...

Ex-Governor Heard On Tapes Discussing Possible Cabinet Appointment, Ambassadorship For Senate Appointment A former top aide to Rod Blagojevich testified Tuesday that the former governor was so anxious to leave Illinois and put his political woes behind him at the end of 2008 that he saw President Barack Obama's election as a chance to broker a deal to go to Washington, D.C. Prosecutors played several secretly taped phone calls between Blagojevich and his then-chief of staff, John Harris, during Harris' second day on the stand Tuesday.

Kim Jong-Il courts New York Phil for Pyongyang gig AFP Aug 14 02:24 PM US/Eastern The communist state's reclusive leader, Kim Jong-Il, recently invited the New York Philharmonic to play in the capital Pyongyang, a spokesman for the world-renowned orchestra said. "We received an invitation to perform in Pyongyang through an independent representative on behalf of the ministry of culture of North Korea," the orchestra's director of public relations, Eric Latzky, told AFP. *snip* But he said the orchestra would only make a decision after discussions with the US government, which has labelled Pyongyang part of the so-called "Axis of...

May 30) — The graduating senior looked unassuming recently as he strummed his guitar on the campus of Harvard University. But he was no average student, and it was no average song. Rivers Cuomo, 35, is lead singer of the band Weezer , and he was strumming "Beverly Hills," a recent chart-topping, Grammy-nominated hit. Six months ago, after completing an 80-city tour in support of his latest platinum album, Cuomo traded in pop hooks for books -- and five-star hotels for a 14-by-9-foot dorm room. "At first, I was a little nervous about living in dorms," Cuomo said, "because I...

One of my readers is an underemployed 59-year-old man from among us here in the South Suburbs. Call him Harry. He works in information technology. Slowly and wearily, he says: "Once you get past 50, I swear, it gets tough, it gets really tough." For instance, Harry applied for a job with a city of Chicago department that operates 24 hours a day, seven days a week. He got an offer for some contract work. There were no benefits, but it was a paying job. A woman from the city called him one Monday morning and wanted to know if...

Bronze Age Site Discovered at Gas Company Dig By Louise Hosie, Scottish Press Association Archaeologists have discovered what they believe is the most comprehensively-dated Bronze Age site in Britain, it emerged today. The 29 cremations pits and a number of artefacts were uncovered by chance during the installation of a gas pipeline in Aberdeenshire. The pits include 10 pottery urns containing ashes of children and adults and two golden eagle talons. The talons are of particular archaeological importance as they have never been excavated from this period before. Archaeologists were called to the site near Maud by gas maintenance company...

Bill Clinton is planning to help the Rolling Stones raise awareness about global warming. According to organisers, Clinton is scheduled to appear at a free Stones concert at Los Angeles' Staples Centre on Thursday. The ex-president, who sported sunglasses and played his sax on The Arsenio Hall Show during a 1992 campaign appearance, is not expected to perform with the band. Instead, he'll make a speech from the stage about the importance of fighting global warming, according to the Natural Resources Defence Council - the nonprofit group staging the gig. A spokesman for NRDC said: "The show was conceived as...

Confirming "rumbles" out of Chicago reported here on Friday, ex-president Bill Clinton did indeed bring his saxophone along for an appearance that evening with the "Saturday Night Live" "Blues Brothers" team of Dan Aykroyd and Jim Belushi. The musical threesome was on hand to celebrate the opening of Connecticut's new Mohegan Sun casino, which reportedly lured Clinton to do the show with "a heavy dose of wampum from the Tribe for his presidential library." According to the account of Boston Herald gossip mavens Gayle Fee and Laura Raposa, Clinton accepted an award for his help in securing the Mohegans...