Lyft’s IPO values it at $24.3 billion

Lyft’s IPO, has set the stage for its much bigger rival, Uber Technologies, whose IPO is slated for launch in April 2019. In a significant development, Lyft Inc was valued at $24.3 billion in the first initial public offering (IPO) of a ride-hailing startup. Lyft raised more money than it had set off to since…

Boeing to upgrade software for 737 MAX 8 aircraft by April

Boeing had been working on the software upgrade since Lion Air’s crash in October 2018. Following a statement from the U.S. Federal Aviation Administration that it would mandate “design changes” in Boeing’s 737 MAX 8 aircraft, the airplane maker confirmed that it would do so by April. On Sunday, Ethiopian Airlines crash in connection to…

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