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.
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.
Trump visited the California border city of Calexico, where he toured a section of the new border wall being constructed. Families, many traveling from Central American countries, made up more than half of those numbers, CBP said .
Yet after Woods played out sideways and knocked his third from 205 yards to 25 feet, McIlroy hit an bad second shot. Woods won back-to-back holes with birdies at the fifth and sixth as McIlroy's putting frailties began to show.
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.
But a Game Of Thrones promo released on Monday showed Jon Snow and Arya Stark reunited finally in the Godswood of Winterfell. Last month, Sophie Turner , who plays Sansa Stark, revealed she ruined the show's ending for her fiancé Joe Jonas.
The victims in the case include a mentally ill paraplegic who won a $4 million settlement against Los Angeles County. A statement from prosecutors to news outlets says details of the case will be released Thursday morning by U.S.
Avocado prices spiked 44 percent for the week ending Tuesday when President Trump threatened to close the U.S. -Mexico border. Nielsen is expected to head to the southern border on Wednesday, the official said .
Every game in every week, we have to win. "Playing every three or four days will be tough", Gundogan said. I'm pretty sure that after the effort today, in the next game our pace will be a little bit better.
They came from a person who cared for me, who wanted my well-being, who saw me suffer during training and saw me sad. However, Chelsea are holding out for £100m despite Hazard having just over a year left on his contract.
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.
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 .
Ticket prices lower for Final Four championship game
But they didn't need to and won in overtime because guard Clark tapped the ball to Diakite, who came through. "That's all I want". However, another season ended Monday night, as college basketball wrapped up the 2019 Men's NCAA Tournament.
South Korea launches world's first national 5G networks
Neither KT nor SK Telecom use Huawei technology in their 5G networks, but it is a supplier to LG UPlus, the companies told AFP . Why this matters: People are mostly excited about the promise of ultra-fast 5G speeds: 500 to 1,500 megabits per second.
Mueller’s report gets layers of interpretation on ‘SNL’ cold open
Added Bryant's Barr: "Most of it provided on live television by the president himself". " Russia , if you're watching, go to bed". We'll have to see if this was De Niro's last appearance on the show as Mueller, now that the report has wrapped up in real life .
Anti-stall system was activated before Boeing 737 crash
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.
Alexandria Ocasio-Cortez, queen of annoying
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.