Unsatisfactory introduction of Uber, Lyft gains and new cars in Uber week

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Finally, after a lot from the inverted ink and many prognostic hours, that 's what happened: Uber began trading on the stock market. On Friday, after the Uber executives had rung the New York Stock Exchange, the race was launched and … it was not the best news for Uber. Instead of jumping, Uber tended to fall for much of the day, ending nearly 8% below the original price of $ 45. The big question for potential buyers: Is Uber still a functional company? Or will it have to do the tricky job of creating autonomous vehicle technology and putting its human drivers out of work to achieve profitability? (It's no coincidence that some of these drivers went on strike this week to demand better wages and more transparency.)

Time will tell, as will the first report on the company's quarterly results in a few months. Who, in fact, came to Lyft this week. The company lost $ 1.1 billion in the first quarter of 2019, but promised that it would be his year of maximum loss.

In addition, we analyzed the makeshift money that people spend on self-driving right now and took a white-run turn with Robocar speed junkies. It's been a week. Let yourself catch up.

Securities

Stories that you may have missed in WIRED this week

A year ago, a self-driving test drive driven by Uber hit and killed a woman. But the future of the company could be based on automated vehicles.
One thing you do not want to hear in a standalone race car as she prepares for a hairpin bend: "This one will be a little fast."
Cruise, the General Motors autonomous vehicle unit raises $ 1.15 billion. Apparently, it's the season of amazing investments.
The global strike strike on Wednesday does not appear to have affected the Uber or Lyft service – but it has spurred discussions about working in the high street economy in the US's broken political debate.
Lyft lost a lot of money in the first quarter of 2019. But the company also wants you to know that, soon, a dozen Waymo autonomous vehicles will be running on its teleportation platform in Phoenix. (Yes, there will always be safety pilots on the front seat.)

IPO Ride-Hail Gossip of the Week

On the New York Times, journalist Mike Isaac takes a juicy look at the personal machinations that led to Uber's IPO – including the leaders' decision to quit former Bad Boy CEO, Travis Kalanick, from the podium. the New York Stock Exchange as they sounded to open the market.

Stat of the week

$ 1,299

So you went on a shared scooter ride. Why not buy one? Bird, the biggest scooter-share startup, really hopes your inner dialogue sounds something like this. It now gives scooters the chance to get their own money for this huge amount. Choose a color: jet black, white dove or electric rose. Our questions: does this mean that the "shared" craze is running out of steam? Or is it just another Silicon Beach startup experience?

Mandatory reading

News from elsewhere on the Internet

In the rear view

Essential Stories of WIRED's Cannon

In the summer of 2017, the CEO of Expedia, Dara Khosrowshahi, became the unlikely CEO of Uber. Unlike the roots of society, he planned to slow down and test things.