Uber driver charged with raping passenger during Vegas ride
An Uber driver is charged with raping a female passenger who police said fell asleep before waking up as she was attacked during a ride in metro Las Vegas. Dawed Oumer Mekonene, 30, was arrested Tuesday and remained in jail Friday pending a court hearing on charges of sexual assault and battery by strangulation to commit sexual assault, according to Clark County Detention Center records. An arrest report said Mekonene, after stopping to rape the out-of-state passenger, took her to her destination at an apartment complex, pulled her out of the car and threw her clothes and belongings at her.news.yahoo.com
Officer convicted of rape gets home detention after judge determines no ‘psychological injury’ to victim
Although Anthony Westerman was sentenced to 15 years in prison for second-degree rape, Circuit Judge Keith Truffer suspended all of the sentence but four years of home detention for the 2017 conviction while Westerman pursues an appeal.washingtonpost.com
Florida woman loses over $700,000 in 'grandparent scam'
Investigators are asking Uber for records as they investigate the theft of more than $700,000 from an 82-year-old Florida woman who apparently fell for a “grandparent scam." Hillsborough County Sheriff’s investigators have asked Uber about rideshare pickups at the woman's home between April and August. A detective wrote in court records that these details “will assist with providing information to who purchased the rideshares and where the victim’s funds actually went,” a detective wrote in court records.news.yahoo.com
Pandemic jobless benefits are gone. Where does that leave many Americans?
Some people have headed in new directions; some are still worrying about how to stay afloat. Whether worker or boss, tenant or landlord, there's relief about having made it through as well as concern about what comes next.washingtonpost.com
Hundreds of migrating songbirds crash into NYC skyscrapers
Hundreds of birds migrating through New York City this week died after crashing into the city's glass towers, a mass casualty event spotlighted by a New York City Audubon volunteer's tweets showing the World Trade Center littered with bird carcasses. This week's avian death toll was particularly high, but bird strikes on Manhattan skyscrapers are a persistent problem that NYC Audubon has documented for years, said Kaitlyn Parkins, the group’s associate director of conservation and science. “We had a big storm and sort of weird weather and lots of birds, and that’s sort of the perfect combination that can lead to bird-window collisions,” Parkins said.news.yahoo.com
Uber to give UK drivers minimum wage, pension, holiday pay
Uber is giving its U.K. drivers the minimum wage, pensions and holiday pay, following a recent court ruling that said they should be classified as workers and entitled to such benefits, the company announced Tuesday, March 16, 2021. And they said the company can't decide by itself the expense base for calculating the minimum wage, which should be based on a collective agreement. (AP Photo/Alastair Grant, File)LONDON – Uber is giving its U.K. drivers the minimum wage, pensions and holiday pay, following a recent court ruling that said they should be classified as workers and entitled to such benefits. The ride hailing giant's announcement Tuesday comes after it lost an appeal last month at the U.K. Supreme Court following a yearslong court battle. And they said the company can't decide by itself the expense base for calculating the minimum wage, which should be based on a collective agreement.
Police arrest woman accused of pepper-spraying, coughing on California Uber driver
FILE - In this Nov. 15, 2019, file photo is an Uber office in Secaucus, New Jersey, USA. (AP Photo/Seth Wenig, File)A woman who was accused of pepper-spraying and coughing on an Uber Driver after being asked to put on a mask was arrested on Thursday, according to San Francisco Police. The Las Vegas Police Department arrested Malaysia King, 24, in connection with aggravated assault and robbery of a 32-year-old Uber driver. San Francisco officers said they responded to a report at around 1:15 p.m. on March 7 that an Uber driver had been assaulted. The victim said he had picked up three people in San Francisco around 12:45 p.m. and noticed that one passenger didn’t have a mask on, according to the San Francisco Police Department.
Uber, Lyft team up on database to expose abusive drivers
Uber and Lyft have teamed up to create a database of drivers ousted from their ride-hailing services for complaints about sexual assault and other crimes that have raised passenger-safety concerns for years. The clearinghouse unveiled Thursday, March 11, will initially list drivers expelled by the ride-hailing rivals in the U.S. Michael Wolfe, a Uber driver who also leads a Washington state group representing about 2,000 other drivers, praised both ride-hailing services for trying to weed out the abuses in the industry. AdIt could also help appease U.S. lawmakers, who have criticized Uber and Lyft in the past for inadequate safety protections for their riders. After Uber rebuffed the request to protect the victims' privacy, the agency slapped the company with a $59 million fine.
Gig economy shifts: Spain makes delivery riders employees
Delivery riders protest outside the Spanish parliament in Madrid, Wednesday March 3, 2021.The Spanish government announced on Thursday March 11, 2021, legislation that classifies food delivery riders as employees of the digital platforms they work for, not self-employed. (AP Photo/Paul White)MADRID – The Spanish government on Thursday announced legislation that classifies food delivery riders as employees of the digital platforms they work for, not self-employed, in a legal change that could have far-reaching consequences for Spanish businesses. She described the rule on disclosing how the digital systems work as “epic,” saying it “neutralizes algorithmic punishments.”AdThe legal changes are the latest affecting companies and workers in the gig economy. The Spanish government agreed on the new law with the country’s main business groups and trade union confederations. AdThe legislation was drawn up after Spain’s Supreme Court ruled last September that food delivery riders are employees, not self-employed workers, in a case brought by a former rider for Glovo.
UK top court gives Uber drivers benefits in landmark ruling
The U.K. Supreme Court ruled Friday that Uber drivers should be classed as workers and not self employed. The ruling that the drivers should be classed as “workers” and not self-employed is a big defeat for the ride-hailing giant. The seven Supreme Court judges who heard the case unanimously rejected Uber's appeal against an employment tribunal ruling that two Uber drivers were “workers" under British law. AdSan Francisco-based Uber, which has 65,000 active drivers and 5 million regular users in the U.K., had argued that Aslam and Farrar were independent contractors. AdThe British judges on Friday cited a number of factors in their decision: Uber sets fares and contract terms and penalizes drivers who reject or cancel rides.
Uber's 4Q loss narrows, raising hopes for pandemic recovery
In 2020, the ride-hailing service was forced to rely more heavily on its food-delivery service. But analysts believe Uber’s pioneering ride-hailing service will also eventually bounce back as more people are vaccinated against COVID-19. He also predicted that Uber's losses may evaporate by the end of this year. The company’s ride-hailing service brought in revenue of $1.48 billion in the quarter, a 52% drop from the prior year. Meanwhile, revenue in Uber's food-delivery service more than tripled from the previous year to $1.37 billion.
California court rejects lawsuit challenging ride-share vote
FILE - In this Jan. 12, 2016, file photo, a ride-share car displays Lyft and Uber stickers on its front windshield in downtown Los Angeles. The California Supreme Court has rejected a challenge to the ballot measure that kept app-based ride-hailing and delivery drivers independent contractors instead of employees eligible for benefits and job protections. The court on Wednesday, Feb. 3, 2021, declined to hear the case brought by drivers and unions who had opposed the measure. (AP Photo/Richard Vogel, File)LOS ANGELES – The California Supreme Court rejected a lawsuit Wednesday that sought to overturn a ballot measure that makes app-based ride-hailing and delivery drivers independent contractors instead of employees eligible for benefits and job protections. “We’re thankful, but not surprised, that the California Supreme Court has rejected this meritless lawsuit,” said Jim Pyatt, a Modesto retiree who drives for Uber, in a statement from a group that supports Proposition 22.
Uber will bring the booze after acquiring Drizly for $1.1B
The mobile ride-hailing company said Tuesday that it is acquiring the alcohol-delivery platform Drizly for $1.1 billion in stock and cash. Uber expects more than 90% of the sum to be paid to Drizly stockholders in shares of Uber common stock and the remainder paid in cash. Shares in San Francisco-based Uber jumped 7% in afternoon trading, to $56.42. U.S. alcohol online sales jumped 553% in April, according to NielsenIQ. AdThe acquisition gives Uber access to an established player in that space, which could be a leg up in the fiercely competitive food delivery market.
Maine company successfully launches prototype rocket
This Jan. 31, 2021 image provided by bluShift Aerospace shows The Knack Factory in Limestone, Maine, where an unmanned rocket lifts off in a test run. It was the first commercial rocket launch in Maine history. (bluShift Aerospace via AP)BRUNSWICK, Maine – A Maine company that's developing a rocket to propel small satellites into space passed its first major test on Sunday. It’s carbon neutral.”AdThe goal is to create a small rocket that could launch a 30-kilogram (66-pound) payload into low-Earth orbit, more than 100 miles (160 kilometers) above Earth's surface. An attempted test launch in Limestone earlier in January was postponed because of weather.
Some Uber, Lyft drivers sue over California ballot measure
The measure, which was passed in November with 58% support, was the most expensive in state history with Uber, Lyft and other services pouring $200 million in support of it. “Generally speaking, courts in California don't like to overturn the will of the people,” Moylan said. There are instances where the California courts have come in and said ... it's nice that this is what the people wanted to do, but our constitution doesn't permit the people to do this." The law expanded a California Supreme Court ruling that limited businesses from classifying certain workers as independent contractors. Another claim in the lawsuit alleges the measure violates a rule limiting ballot measures to a single subject.
Uber's food delivery business outshines core rides service
Uber's food delivery business brought in more money during the third quarter than its signature rides business , showing just how much consumer behavior has changed — and how far the company has adapted — since the pandemic struck. Uber brought in $3.13 billion in revenue, down 18% from the same time last year. Despite the decline, the rides business showed improvement from the second quarter, when it brought in just $790 million. Uber’s food delivery business also brought in more revenue than its rides business in the second quarter, when demand for rides was even lower due to the pandemic. Voters there passed Proposition 22, granting Uber, Lyft, Doordash and others an exception to a law that sought to classify their drivers as employees, an expense that analysts thought would have pummeled Uber's business in California.
Ride-hailing, delivery giants win fight against labor law
Uber, Lyft, Doordash, Instacart and others sought to get out of those requirements, and after failing in court, succeeded in convincing voters to give them an exemption from most of the year-old law’s provisions. A record $200 million spending spree by the companies and their supporters helped them win the vote. The investment yielded a huge return for Uber and Lyft, whose combined market value climbed by $10 billion on Wednesday. Uber told its drivers the company would let drivers know how to enroll in benefits in the next few weeks. “It’s not really fair that Uber, Lyft etc.
Uber, Lyft spend big, win in California vote about drivers
FILE - In this Aug. 20, 2020, file photo travelers request an Uber ride at Los Angeles International Airport's LAX-it pick up terminal. A California ballot measure that would exempt Uber, Lyft and other app-based delivery drivers from being classified as company employees eligible for benefits and job protections led Tuesday, Nov. 3, 2020, in early vote counts. San Francisco-based Uber and Lyft had threatened to pull out of California if they lost. Opponents said the companies exploit drivers to keep profits high and the ballot measure would deprive workers of rights like overtime pay and workers’ compensation. Supporters said the measure would allow drivers to maintain the freedom to work hours they choose and would provide other benefits.
Asia tracks Wall St rally as markets shrug at election limbo
The benchmark index had gained 3.5% before the market lost some of its momentum toward the end of the day. The Shanghai Composite index rose 0.6% to 3,297.34. But after a tumultuous overnight session in global markets where Trump prematurely declared victory, markets acted as if the occupant of the White House might be secondary. It may take days for a winner of the White House to emerge, and professional investors say they’re bracing for sharp market swings in the meantime. Stocks tend to rise regardless of which party controls the White House.
Across the country: 5 noteworthy ballot measures that deserve some attention
To see what exactly the ballot measures are in each state, click or tap here. Below are five noteworthy initiatives we thought we’d mention from across the country. Mississippi’s flag redesignThe state Legislature in June eliminated the old state flag that had the Confederate battle emblem, which was widely thought of as racist. California’s app-based driving proposalThis initiative will decide whether app-based transportation and delivery drivers are classified as independent contractors or as employees. Colorado’s abortion banThis is a ballot initiative that will likely draw a lot of attention across the nation.
California court says Uber, Lyft drivers are employees
SAN FRANCISCO – A California appeals court on Thursday upheld an order requiring Uber and Lyft to treat their California drivers as employees instead of independent contractors, less than two weeks before voters will be asked to exempt the ride-hailing giants from the state's gig economy law. Uber and Lyft — who along with DoorDash have heavily bankrolled the ballot measure — had appealed an August preliminary injunction by a San Francisco judge. Uber and Lyft issued statements noting that the ruling doesn't take immediate affect and urging voters to approve Prop. Treating Uber and Lyft drivers as employees instead of independent contractors would guarantee benefits such as overtime, sick leave and expense reimbursement for workers who make up much of the freewheeling gig economy. Lawyers for Uber and Lyft say drivers are not fundamental to the business, arguing the companies are “multi-sided platforms” whose activities encompass much more than transportation.
Uber, Lyft look to kill California law on app-based drivers
Voters are being asked to decide via Proposition 22 whether to create an exemption to a new state law aimed at providing wage and benefit protections to Uber, Lyft and other app-based drivers. (AP Photo/Rich Pedroncelli, File)LOS ANGELES – Californians are being asked to decide if Uber, Lyft and other app-based drivers should remain independent contractors or be eligible for the benefits that come with being company employees. Voters are weighing whether to create an exemption to a new state law aimed at providing wage and benefit protections to drivers. The landmark labor law known known as AB5 threatens to upend the app-based business model, which offers great flexibility to drivers who can work whenever they choose. Uber and Lyft have maintained that their drivers meet the criteria to be independent contractors, not employees.
Uber gets 18-month London license after winning court appeal
LONDON – Uber can keep operating in London for another year and a half after winning its appeal of a decision by the British capital's transit regulator not to renew its license. The San Francisco-based ride-hailing company had challenged Transport for London’s decision in late 2019 not to renew its operating license over safety concerns involving impostor drivers. Uber’s London license has been revoked twice since 2017 but the company has been able to continue operating while it appealed. In the latest case, Transport for London rejected Uber’s application in November 2019 for a new license, citing several breaches that placed passengers at risk. London Mayor Sadiq Khan said that while Uber has made improvements to get its license back, the company will still be closely scrutinized.
Asian stocks mixed after Wall St rally ahead of US debate
Asian stocks were mixed Tuesday after Wall Street recovered some of this month's losses as investors looked ahead to a debate between President Donald Trump and his challenger in the November election, former Vice President Joe Biden. (AP Photo/Ahn Young-joon)TOKYO – Asian stocks were mixed Tuesday after Wall Street recovered some of this month's losses as investors looked ahead to a debate between President Donald Trump and his challenger in the November election, former Vice President Joe Biden. Overnight, Wall Street's benchmark S&P 500 index gained 1.6%, led by big tech stocks. “With a reasonable polling lead, one could argue that Joe Biden has more to lose here than President Trump,” said Carnell. He said with some potential for gaffes or other colorful moments, the debate might be “cringe-worthy but unlikely to deliver an electoral car-crash for either side.”On Wall Street, the S&P 500 rose to 3,351.60.
Ready to vote but need a ride? This company says it’s stepping in to help
And just like every election year, it’s of the utmost importance that citizens cast their ballot in this year’s election. If you’ve registered but are already concerned about how you will make it to a polling station, the ride-sharing company Uber wants to step in and lend a hand. As Election Day approaches, and as part of its “Get Out the Vote” campaign, the company aims to help people find their polling location, as well as offer discounted rides to and from the poll during early voting. “As we look ahead to this year’s election, we are committed to doing our part to make sure every citizen has access to vote,” Uber CEO Dara Khosrowshahi said. Uber officials said as Election Day nears, people will begin to have access to important information in the app.
Uber to require that passengers provide face-mask selfies
SAN FRANCISCO Mask slackers will now have to provide photographic proof they're wearing a face covering before boarding an Uber. The mask verification rule expands upon a similar requirement that Uber imposed on its drivers in May to help reassure passengers worried about being exposed to the novel coronavirus that has upended society. The requirement will roll out in the U.S. and Canada later this month before coming to other parts of the world. The additional safety measures are part of Uber's ongoing efforts to rebuild a service that has seen ridership plunge this year. The adverse conditions caused the number of trips on Uber during its most recent quarter to plunge by 56% from the previous year.
California judge rules Uber, Lyft drivers are employees
FILE- In this Jan. 31, 2018, file photo, a Lyft logo is installed on a Lyft driver's car next to an Uber sticker in Pittsburgh. On Monday, Aug. 10, 2020, a California judge ordered ride-hailing companies Uber and Lyft to treat their drivers as employees, not contractors. Lawyers for Uber and Lyft say drivers are not fundamental to the business, arguing the companies are multi-sided platforms" whose activities encompass much more than transportation. Uber said it did not anticipate any immediate disruptions because of the ruling for its more than 100,000 drivers in California. "Ultimately, we believe this issue will be decided by California voters and that they will side with drivers, Lyft spokesperson Julie Wood said.
New 911/811 emergency communications center opens in Roanoke
ROANOKE, Va. Dispatchers in the Star City now have a new place to call home, which they say will help them better serve the community. The new building that houses emergency communications in Roanoke is state-of-the-art. The service that we have provided, were just going to enhance that service, said Roanoke city 911 manager Sonya Roman. Now, Roanoke city dispatchers have that too, along with enough capacity to keep the entire building running for two weeks without power. Were trying to provide the best service that we can, the safest service, the most reliable service, said Rick Pevarski, with VA811.
Tornado, virus, protests rattle Nashville rideshare economy
Then came what she calls Nashvilles quadruple-whammy: a tornado, coronavirus closures, protests that rocked downtown, then more closures. Bicknese says business has gone from dismal to tolerable, but only because so many drivers have voluntarily stayed home. Bicknese chose to keep driving because she didn't think she could make her car and insurance payments on unemployment. Then what happened is so many drivers filed for unemployment and stopped driving that demand came back," she said. Instead of well-heeled tourists, Bicknese finds herself driving people on unemployment, factory workers and patients travelling to medical appointments.
Uber buys Postmates in $2.65 billion all-stock deal
Uber finally got its food delivery company, acquiring Postmates in a $2.65 billion all-stock deal, the ride-hailing giant confirmed Monday. Uber and its Uber Eats food-delivery division will gain ground against DoorDash, which controls about 37% of the U.S. food delivery market. That's compared with Uber Eats' 20% share before the Postmates deal. But Amsterdam-based Just Eat Takeaway.com ended up nabbing Chicago's Grubhub in a $7.3 billion deal. Uber was reportedly seeking to team Grubhub with its Uber Eats business.
There will be new changes coming to your next Uber ride
Uber announced their making some changes to keep the community safe when riding and driving with Uber in the United States. Before a driver can get online, they will need to confirm that have taken certain safety measures and are wearing mask. Riders will be asked if they are wearing a face covering and have washed their hands. Were announcing a range of new initiatives to help keep our community safe when riding and driving with Uber in the US:Face covers or masks are required for drivers & ridersNo front-seat passengers are allowedAdded safety checklistsNew safety features in the app Uber (@Uber) May 13, 2020These are just some of the changes coming to Uber starting Monday. Other changes include:
Here are all the companies giving free food, products to health care workers
Right about now is a great time to say thank-you to all the health care workers and people keeping us safe during this novel coronavirus, or COVID-19, pandemic. pic.twitter.com/e7Z8aRCtMt — Starbucks Coffee (@Starbucks) March 26, 2020People who identify as frontline workers in the health care industry can get a free tall brewed coffee. UberUber Health will provide transportation for front-line health care workers, both to and from patients’ homes, as well as between health care facilities, according to this news release. “In Europe and Latin America, we are working with public authorities to offer rides for health care workers to hospitals and their homes. KFCThis deal is for health care workers and normal people alike: free delivery!
Uber stock hits new low as lockup period ends
Justin Sullivan/Getty Images(CNN) - Uber shares fell to an all-time low Wednesday as its stock lockup period ends. The end of the lockup period, which comes 180 days after the company's lackluster IPO, means that insiders, including early investors and employees, are free to sell shares. Uber shares hit a record low of $25.58 when the market opened Wednesday after hitting a previous low of $27.97 on Tuesday. Meanwhile, as the lockup period expires, some of the company's drivers are planning to protest outside the homes and offices of some key Uber investors in California on Wednesday. The protest follows other driver strikes this year, both leading up to, and after, the company's IPO.
Goldman Sachs says US-China tariffs may have peaked
CNNMoney(CNN) - Global markets are climbing on optimism that a "phase one" US-China trade deal is within reach -- and that a rollback of existing tariffs could be part of the package. CNN's read: The United States is assessing current tariffs as it works to finalize "phase one" of a trade deal, officials told CNN, but no decisions have been made. Goldman Sachs told clients on Sunday that it believed tariffs have likely peaked, and new taxes planned for Dec. 15 would never take effect. "A US-China deal that substantially reduces US tariffs continues to look much less likely than an eventual breakdown in talks that leads to renewed tariff escalation," said Alec Phillips, Goldman's chief U.S. political economist. One bright spot: Uber posted revenue of $3.8 billion during the third quarter, a 30% increase compared to the previous year.
Uber loses more than $1 billion in third quarter
Justin Sullivan/Getty Images(CNN) - Uber is still reporting steep losses but its revenue growth is showing some promise. On Monday, the ride-hailing company reported it lost $1.16 billion during the third quarter including $401 million in stock-based compensation expenses related to its public offering in May. In the second quarter, it reported a staggering loss of $5.2 billion, about $3.9 billion of which was related to IPO expenses. There are some bright spots: Uber posted revenue of $3.8 billion during the quarter, a 30% increase from a year earlier. Revenue growth was just 12% in the second quarter compared to the year prior.
Uber lays off 350 more workers in last wave of cuts
KTXL via CNN(CNN) - Uber laid off approximately 350 employees across several different teams on Monday, a spokesperson confirmed to CNN Business. In addition to the cuts, some employees were asked to relocate to other offices. Over 70% of the employees impacted by this round of layoffs are based in the US and Canada. In September, Uber laid off about 435 employees from its product and engineering teams. In August, Uber reported its largest quarterly loss ever: $5.2 billion in the three months ending in June.
Driver's ed for robotaxis: A grueling exam looms for self-driving cars
But they still face an existential question: When is a self-driving car truly ready to drive on its own? Most Americans already aren't comfortable with the idea of riding in a self-driving car. No simulation, no self-driving carsCruise, GM's self-driving team, runs 200,000 hours of simulated tests every day. The Silicon Valley startup wanted its self-driving cars to better handle yellow left-turn signals, a rarity during on-road testing. The simulated cars weren't slowing for the pedestrian as much as its real-world cars.
AB InBev's Asia business jumps 5% in first day of Hong Kong trading
Spencer Platt/Getty ImagesHONG KONG - Shares in Anheuser-Busch InBev's Asia business popped on their market debut in Hong Kong on Monday. Budweiser APAC stock rose more than 5% on their first day of trading in what was the second biggest public offering this year after Uber's $8.1 billion IPO in May. The brewer of Budweiser, Beck's and Stella Artois opened at 27.4 Hong Kong dollars ($3.50) a share, about 1.5% above its IPO price of 27 Hong Kong dollars ($3.44) a share, before rising further in morning trading. Budweiser APAC's IPO is a big win for the Hong Kong Stock Exchange. AB InBev had originally planned to raise $9.8 billion from the Hong Kong listing, which would have made it the biggest IPO so far this year.
Uber's new offerings don't measure up to its challenges
Justin Sullivan/Getty Images(CNN) - With pressure mounting on its business, Uber decided to take a well-worn page from the Big Tech playbook: hold a flashy press event. Khosrowshahi also showed off what he described as "the next generation of the Uber app," with more integration of its food delivery and micromobility services. "It's lipstick on several pigs at once," said David Kirsch, a University of Maryland business professor. Gad Allon, a professor at the University of Pennsylvania's Wharton Business School, described Uber's announcements as focusing on small issues when big challenges remain unresolved. Chen also thinks that Uber's announcement of expanding its rewards program to include food delivery will be helpful.
Uber tries to make bikes, scooters into profitable business
SAN FRANCISCO - Uber announced a number of changes to its bike and scooter business Thursday as the company faces pressure to become profitable. Uber will give its rentable bikes and scooters more prominence in its app next month in an attempt to increase ridership. As part of the strategy, Holt said Uber would pivot bikes and scooters away from cities with low ridership to other markets. Uber's increased promotion of bikes and scooters fits its goal to be the transportation company for everyone, no matter how they're traveling. Previously, Uber users had to toggle to a different screen in the app to see bikes and scooters.
Peloton falls below IPO price
Peloton, the indoor fitness brand, began trading at $27 a share on Thursday, or nearly 7% below its IPO price. At its IPO price, Peloton was valued at about $8 billion, or roughly double its private market valuation one year ago. Peloton is best known for its internet-connected indoor bikes and subscription cycling classes that can be streamed live or on-demand into homes. Peloton generated $915 million in revenue in its most recent fiscal year, ending June 30, according to its IPO prospectus. Founded in 2006, SoulCycle is the industry veteran and its IPO was expected to value the company at around $900 million.
Airbnb plans to go public in 2020
Slack's stock took a beating after its first earnings report as a public company earlier this month. Airbnb, which was valued at about $31 billion in its most recent private fund-raising round, didn't reveal how it plans to list its shares. Airbnb is one of the most well-known so-called unicorns, or startups valued at over $1 billion. This year has seen a number of high profile IPOs, including from Uber, Lyft, Zoom, Slack and Pinterest, so Airbnb has likely faced questions over the timing of its offering. In June, the company announced it was adding Airbnb Adventures trip packages in locations around the world to its platform.
Eat in and get free McDonald's merch
ROANOKE, Va. - One fast food chain wants you to order in Thursday night. And to encourage you, it's giving away plenty of McSwag. McDonald's is teaming up with Uber eats for its McDelivery night promotion. Ronald and friends are hoping you'll forget about that delivery fee by giving away branded apparel that includes socks, slippers, and sweat pants. Your order could include ear buds, playing cards or even a giant blanket resembling a sesame seed bun with a hood.