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Lyft Files for 2019 IPO

Although Lyft trails Uber in terms of value and market reach, experts said beating Uber to IPO will give Lyft an advantage, as the added attention will cement Lyft as a viable alternative to Uber. 

Uber Valued at $120B Ahead of 2019 IPO

If the San Francisco-based ride-hailing app goes public with that value, it would be worth three times as much as Ford, and more than twice as much as Tesla.

Toyota Invests $500M in Uber for Autonomous Ride-Hailing

Toyota Motor Corp. will invest $500 million Uber Technologies, Inc. to speed up efforts to bring an autonomous ride-hailing service to market. Each company will integrate its technology into purpose-built Toyota Sienna minivans that will be deployed on Uber's network.

London Considers Cap on Ride-Hailing Services

The number of licenses for private-hire drivers in London has almost doubled since the rise of ride-hailing services like Uber and its competitors, from 59,000 in 2009-10 to 114,000 in 2017-18.