Uber Technologies said on Wednesday trip requests were gradually picking up, but still remained significantly below prior year levels, as several countries start to lift coronavirus-led restrictions.
As WeWork continues its stumble to the public markets, some prognosticators see this moment as something more significant: that a WeWork belly-flop portends the end of the unicorn era in Silicon Valley.
Even by the standards of Uber Technologies, $5-billion is a lot to lose in three months of doing business. Yet, that’s the amount analysts expect to see for the second quarter.
Uber Technologies raised $8.1-billion in its initial public offering after pricing shares near the bottom of their marketed range.
Uber Technologies is seeking to raise as much as $9-billion in an initial public offering that could give the ride-hailing giant a market valuation of as much as $84-billion.