Lyft

Overnight, Uber delivered its first quarterly results since going public earlier this month. The ride hailing giant lost more than $US1 billion in the first three months of 2019 as revenue growth continued to slow. Sign up for Which-50’s Irregular Insights newsletter Nominate today for the Which-50 Digital Experience Awards.

Uber

Uber shares closed at $41.57 after their first day of trading, down almost 8 per cent from its listing price and valuing the company at US$69.7 billion. The company previously set a target of $44-$50 per share and on Thursday night priced its IPO at $45, towards the lower end

Ride sharing company Lyft has had it value soar on its first day on the Nasdaq with the company’s shares up 8.7 per cent at US$78.29 with a valuation of US$26.5 billion. Lyft debuted on the Nasdaq with a price of US$72 last Thursday. On Friday, its shares opened at

Uber has confidentially filed for an IPO over the weekend, after its rival Lyft also filed late last week. According to the Wall Street Journal, both companies filed their S-1 paperwork to the US Securities and Exchange Commission (SEC) with their shares to go public early next year.  The two companies

IKEA furniture assembling

The business world loves easy answers, but the secret to success is often shrouded in nuance. Take the current trend in customer experience (CX): Effortless and frictionless experiences. In a world of “unexpectedly high call volumes,” complicated return policies, and mobile apps that make us want to hurl our phones,

Ford has laid out a broad vision for its future — and set itself an enormous challenge — from rolling out autonomous vehicles for deliveries and ridesharing, to building smart city technology. In a slew of announcements made at CES in Las Vegas this week, the car maker detailed how

Lyft and Ford

Ford and Lyft are partnering in the development of autonomous vehicles. The goal is for Lyft users to be able to summon a Ford self-driving car. One day. For now the two companies say they are working together to make sure their respective platforms talk to each other. Sign up

WeWork

The sharing economy will more than double in the next five years as players in more established sectors, such as transport and space, press their first mover advantage. That’s the finding of a new study by Juniper Research. Called Sharing Economy: Opportunities, Impacts & Disruptors 2017-2022, the authors forecast that the

passenger economy

As society shifts to a world of autonomous driving over the next 30 years, the economic implications are profound — initially, but not only for the automotive sector. Some of the world’s leading automotive brands are already investing heavily in the technology. Daimler for instance says that prototypes like its