Both Uber and Lyft expressed their commitment to providing better benefits and protections for drivers
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AccorHotels
Prince Alwaleed’s Kingdom said to hire Deutsche Bank’s Saudi CEO
Sources say Tamim Jabr will join Kingdom Holding later this year as head of international investments
California
Kingdom Holding approves $225m investment in US ride-hailing firm Lyft
Chairman Prince Alwaleed bin Talal agrees to buy more than 4.7 million shares in US company
Careem
Uber stock slides again following last week’s rocky debut
Valued at $82bn, Uber’s stock market debut Friday was a major disappointment, losing 7.6%
Careem
Uber value slips below $70bn after rocky trading debut
Shares of the ride-hailing giant Uber closed at $41.57, well under their IPO price of $45, for a market capitalisation of $69.7bn
lyft
IPO pricing said to value Uber at $82bn
San Francisco-based Uber is set to begin trading Friday on the New York Stock Exchange
lyft
Uber is said to seek about $10bn in year’s biggest IPO
Uber said in February that it generated $50 billion in gross bookings last year, up about 45 percent from 2017
Dara Khosrowshahi
Uber said to file confidentially for IPO on Lyft’s heels
Prince Alwaleed-backed Lyft submitted its prospectus for an IPO on Thursday
Kingdom Holding
Alwaleed-backed Lyft said to start process for IPO
US ride-hailing company Lyft, in which Saudi billionaire Prince Alwaleed has an investment, could beat Uber to the public markets
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Video: Who is competing with Uber?
Uber faces fierce competition across the globe and given Softbank’s many investments in ride-sharing companies, the line between friend and foe is often blurred.
Airbnb
Video: Why millennials are buying less and renting more
Millennials in many countries don’t have the purchasing power that their parents did, but they do want unique experiences and convenience – hence the value of Airbnb, Uber and Lyft is $106bn, which is more than the GDP of Morocco.