.jpg)
[ad_1]
Leave the unicorn the party begins! On Friday, Ride-Hail broke into the markets with the opening of the market for little brother Lyftt. (The Uber rival is about to embark on his own IPO.) Lyft's first trading day was solid, reaching a stock price of $ 87.24 before dropping to $ 78.29 at the closing of the market. Now, the big question, which will be answered in the weeks and months to come: what do investors think from the perspective that the moustached society is actually making money? What about the economy of the concert as a whole?
Still, there were many transportation hot spots on Wall Street this week. We looked at the current state of automotive software security standards and interviewed people wondering how autonomous cars could fit in. We remembered that autonomous cars will not be driverless for a while, and the role of remote drivers in the ecosystem. We drove a Jeep Gladiator, the adorable mini-pickup of the company.
It's been a week: let's start by catching you.
Securities
Stories that you may have missed from WIRED this week
General rehearsal of the week
Porsche promises that its first 100% electric sports car, the Taycan, will hit the market at the end of the year. Which means it's time to have a good time: test your records! This week, the German automaker announced that it would have tested the Taycan on 3.7 million kilometers of road before its official launch, in the snows of Sweden, in the heat of the United Arab Emirates (up to 120 degrees Fahrenheit!) And under the cold of Finland. More details about Taycan's testing regime here.
Stat of the week
$ 911.3 million
The amount of Lyft dough lost last year, according to a file submitted to the SEC in early March. For more statistics on the ride-hail company and to help you understand its IPO this week, check out these five charts.
Mandatory reading
News from elsewhere on the internet
Uber acquires rival Careem for $ 3.1 billion, but the deal still needs to be approved and should not be finalized until the end of the year.
recoding "Betting on Uber – as it is becoming increasingly obvious with this Careem purchase – is tantamount to betting on Uber not, but on a global power-wheel model in which Uber Technologies, Inc., based in San Francisco, n & # 39; 39 is that the pivot.
At the time of its IPO, Lyft announced its "City Works" pledge, investing $ 50 million, or 1% of all (whatever) profits, in urban infrastructure, clean energy technologies and energy efficiency. access to transportation for disadvantaged communities. Anthony Foxx, former transport secretary and current policy officer for Lyft, told WIRED that this does not necessarily mean that Lyft will write $ 50 million in checks – will continue its ongoing work on these three areas in close partnership with cities .
Meanwhile, Lyft and Uber drivers went on strike in California this week, demanding higher wages after cutting their pay per mile.
"I drove an e-scooter as far from civilization as its batteries could take me"
Oh Wow, oh no: a budget airline suddenly stopped.
In the rear view
Essential Stories of WIRED's Cannon
Via 1998: "How the brewing company that created the first IPO Internet upsets the stock market"
[ad_2]
Source link