Buzz over Uber planning to go public comes amid protests across the globe sparked by the company.
Reuters reported late Tuesday that rival Uber would seek to sell around $10 billion worth of stock in an IPO, and file the offering with regulators as soon as Thursday.
Uber's float will be the largest since Alibaba, the Chinese ecommerce conglomerate, listed on the Nasdaq exchange in 2014, raising a record $25 billion.
Largely seen as a behemoth in the ride-hailing space, Uber completed 14 million rides a day in 2018, driving customers 26 billion miles, according to the company's filing with the U.S. Securities and Exchange Commision.
Uber Technologies Inc may face a cooler reception from investors than expected when it prices its initial public offering next month since smaller U.S. ride-hailing rival Lyft Inc's aggressive stock launch and subsequent fall.
Uber in 2018 had $11.3 billion revenue, up around 42 percent over 2017, but below the 106 percent growth the prior year.
But Uber's growth was slowed by a raft of scandals beginning in 2016 that ultimately led to the ouster of its CEO, Travis Kalanick. At the end of 2018, Uber Eats, its most talked-about business, had gross bookings of $2.6 billion. Drivers will be able to use the bonuses to purchase Uber stock at its IPO price.
After dropping off passengers at a Broadway play, Johan Nijman, a for-hire driver who runs his own service and also drives for Uber on the side, drives through the West Side of Manhattan on Wednesday evening, August 8, 2018 in New York City.
Uber is expected to fetch up to $10bn (£7.6bn) in the listing, which could reportedly occur in May and value the company at up to $120bn.
"I'm sure that the Lyft debut is going to affect both Uber and Pinterest", Hamilton added. Uber declined to comment for the report which cited unnamed people familiar with the matter.
Travis Kalanick, the former CEO who resigned in 2017 under pressure from the board, is one of Uber's largest shareholders, owning almost 9 per cent of the ride-hailing company's stock. "These changes will make rates comparable to where they were in September, while giving drivers more control over how they earn by allowing them to build a model that fits their schedule best", an Uber spokesperson told The Daily Caller News Foundation in response to an inquiry about the Los Angeles strike. Lyft was the first in a string of technology IPOs expected this year, including food delivery service Postmates and smart exercise bike Peleton.
Defeat for the star-studded Royals side leaves them second-last on the table and facing an uphill battle to make the finals. There were mixed reactions to Dhoni's actions on twitter. "The skipper (Dhoni) coming on to the pitch cannot happen".
Ardern has led efforts to support New Zealand's small, tightly-knit Muslim community in the wake of the attack. Thousands more were expected to attend a service at Auckland's Eden Park on Friday afternoon.
Again, it's worth repeating: you're going to want to use Apple Pay as much as possible if you want to maximize your rewards. First of all, you need to know that if you want to apply for an Apple Card , you must first own an iPhone.
I had to make a few birdies just to hang in there on the front nine and to finish with two birdies on 15 and 16 was very nice". There was also joy for England's Ian Poulter, who birdied the final two holes for a two-up victory over the US's Kevin Kisner.
Lamar Alexander said on the Senate floor Monday. "This is about our constituents and all of our lives", said Ocasio-Cortez. King, who caucuses with Democrats, joined three other Democrats who voted with the Republican majority.
The major challenges in the mission were to achieve "hit to kill" against a live satellite with an accuracy with less than 10 cm. These includes about 10,000 pieces of space debris , of which almost 3,000 were created by a Chinese anti-satellite test.
The attempted murder charges are for the alleged shootings of the two other victims, Kerry Lathan and Shermi Cervabta Villanueva . Two men were also injured in the shooting outside Marathon Clothing at Crenshaw Boulevard and Slauson Avenue .
One of the weirdest parts of his impromptu press conference was his non-endorsement of Rob Pelinka , the general manager he hired. Johnson denied reports that his relationship with Walton had broken down. "See what she wants to do", the Lakers great added.
Nine Brits were among the casualties when flight ET 302 came down 38 miles southeast of the Ethiopian capital Addis Ababa. After the software update is approved, it would take about a day to deploy and an hour to upgrade each aircraft.
Eye'll bee damned: woman finds insects in eye
The tiny bees - which were were pulled out intact and alive - flew into Ms He's eye as she cleaned around a relative's grave. They also drink tears for their high protein content, according to a study by the Kansas Entomological Society .
Boeing first-quarter orders halved amid 737 Max grounding
Boeing said last week it would cut monthly 737 MAX production by 20 percent starting mid-April, without giving an end-date. Boeing's shares, which have lost about 13% since the crash, were down 1.66 percent at $368.32 in afternoon trading.
Another Day, Another Story About Exposed Facebook User Data
Alex Capecelatro, who was chief executive of At the Pool before it shut down around 2014, did not respond to requests to comment. Facebook is grappling with another startling data leak with 540 million records found in plain sight on a public Amazon server.
Trump says '100%' ready to shut down Mexico border
Kudlow, the Director of the National Economic Council, cautioned that the president has not made any final decisions . One auto industry analyst estimates that a shut down could halt auto production in most US factories within a week.
Tom Brady Joins Twitter to Announce His Retirement
Brady, who turns 42 in August, has addressed the subject of retirement before, saying he hopes to play until he is 45. And yes, Patriots fans and media members had a lot of thoughts and feelings about the tweet.
Purdue, Virginia Sent To Overtime On Miraculous Play
Diakite hit an unbelievable buzzer-beater to send his Virginia team's Elite Eight game against Purdue to overtime. Virginia outscored Purdue 10-5 in overtime to win the South Region and earn a spot in the Final Four.