Uber Technologies Inc will be closing its office in downtown Los Angeles in order to focus on its bigger locations. This office used to employ staff for customer support. The development will impact 80 jobs. Uber’s spokesman confirmed the closure in a statement. Customer support jobs will be shifted Uber’s office in Manila, reported the…
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…
Although Tesla’s critics have focused on Elon Musk’s behavior, the numbers coming out of Tesla are pretty compelling. In an interesting turn of events, long-time Tesla short seller and critic Citron Research, in its research note stated it is betting that the electric automaker’s stock will rise. With the news reaching the market, Tesla Inc’s…
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