Hints and tips:
...Personally, I hold Michael Douglas wearing a chunky bottle green jumper over a bare chest in 1992’s Basic Instinct as the pinnacle of V-neck wearing....
...Lyft, the ride-hailing company, raised $460mn the week after its financial results prompted a 35 per cent share price rally....
...Founded by former Uber and Lyft executive Travis VanderZanden in Los Angeles in 2017, Bird spawned dozens of copycat companies around the world....
...In the meantime, Governors Ron DeSantis of Florida and Greg Abbott of Texas will be hoping Lyft’s tax bailout succeeds....
...Investors are selling stakes in private equity and venture capital funds at the fastest pace on record so far this year, and earnings at companies such as Uber and Lyft are surging....
...The Chinese group’s San Francisco-area head of US investments, Michael Zeisser, also departed that year and was replaced by his deputy, Peter Stern....
...So did PayPal co-founder Elon Musk and Sequoia Capital’s Michael Moritz, a renowned tech investor and early Google backer....
...And they have left a mark on IPOs, bidding shares of newly listed companies ever higher, said Michael Baumann, a syndicate trader at Fidelity....
...michael.mackenzie@ft.com...
...Everyone from the likes of former Citigroup dealmaker Michael Klein and ex-Blackstone rainmaker Chinh Chu is launching a Spac, or three....
...And now a fifth expect a “V-shaped” economic recovery, up from a 10th in the previous month....
...Business groups and think-tanks are making a mistake to cast Uber v London as a totemic fight to preserve capitalism....
...e-commerce group’s own environmental impact, and a start-up touted as the “Uber of dry cleaning” collapsed into administration on Friday, wiping out all of its investors, including British businessman Michael...
...“I would say that, as a team, we've pretty well discounted a uniform V-shaped recovery. The question is, is it U-shaped, is it W-shaped or parts of it L-shaped?”...
...If the supply of taxi medallions (or, in London, black cabs) had not been as constrained as it was, there would have been less of an opening for Uber and Lyft....
...Uber, which listed in May, is trading about 30 per cent lower than its $45 a share IPO price, while Lyft, which made its debut in March, has slipped 42 per cent from its $72 listing price....
...The widespread support was also reflected in a 2017 letter to Congress signed by 810 companies including Accenture, Adobe, Amazon, Facebook, Google, Hyatt Hotels, Lyft and Microsoft....
...Seaport Global analyst Michael Ward cast doubt on the use of ride-sharing services gaining as much popularity as many industry watchers anticipate, saying even as the market continues to grow, current valuations...
...In addition to Uber, Lyft stock has lost 45 per cent of its value since listing while Peloton, the exercise bike start-up, is 20 per cent below its IPO price....
...On Thursday, it put out a short public statement saying: “Airbnb Inc announced today that it expects to become a publicly traded company during 2020.”...
...When you look inherently at the business model and how it’s designed, it’s not sustainable,” said Michael Underhill, chief investment officer at Capital Innovations....
...The San Francisco-based company has hired the IPO advisory firm Class V, which was founded by Lise Buyer, a former investor and investment banker who worked on Google’s 2004 public offering....
...Lyft has hired the IPO adviser Class V, which was founded by Lise Buyer, one of the key architects of Google’s 2004 Dutch auction. But Uber will not be far behind....
...Lyft and Pinterest did the same. DD senses a trend is emerging. Portfolio managers will need to pipe up now before this quickly becomes the new market standard for initial public offerings....
...DD’s Indap v NYU’s Damodaran: Is stock compensation good or bad?...
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