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Tag Archives: moneygame

Peloton insiders will have 20 votes per share – twice as many as those at other startups – but CEO John Foley may not wield all the power after the IPO

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Pete Buttigieg joined a demonstration with Uber and Lyft drivers fighting for a minimum wage while his campaign spends heavily on the ride-hailing apps

U.S. Democratic presidential candidate and Mayor of South Bend, Indiana Pete Buttigieg campaigns during a SEIU California Democratic Delegate Breakfast in San Francisco, California, U.S. June 1, 2019.REUTERS/Stephen Lam Pete Buttigieg joined Uber and Lyft drivers as they rallied in support of a controversial California bill on Tuesday.  The 2020 …

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Peloton’s CEO once bragged on TV that the company was ‘weirdly profitable,’ but the startup’s IPO filing reveals years of losses

Kimberly White/Getty Images for TechCrunch Turns out Peloton is burning cash as quickly as its users burn calories. The startup, which makes internet-connected fitness equipment, publicly released paperwork for its IPO on Tuesday. Among other financial headwinds, the startup reported that it had quadrupled its annual net loss from $47.9 …

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Lyft’s main taxi business is already profitable in some areas, but self-driving cars and bike-sharing are eating into that revenue

FILE PHOTO: A man rides a Lyft scooter near the White House in WashingtonReuters JPMorgan says Lyft’s core ride-hailing business is already profitable in certain markets. It’s other bets on things like bikes, scooters, and self-driving cars that are dragging down the company’s balance sheet. Other Wall Street analysts have …

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Tech’s elite gathered in San Francisco for 2 days of startup pitches, and it revealed the strange way Silicon Valley is grappling with its misgivings over Saudi money

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DoorDash appears to still be pocketing some workers’ tips despite announcing changes to its pay model in July

DoorDashDoorDash A month after announcing changes to its pay model, DoorDash appears to still be withholding tips from its workers. Following outcry from angry workers, CEO Tony Xu in late July announced a change to its “guaranteed minimum” pay, saying that tips will always be added on top of a …

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MoviePass customers’ credit card information was reportedly left exposed without a password in an online database

Hollis Johnson/Business Insider A MoviePass server that wasn’t secured with a password containing 58,000 unencrypted MoviePass customer card and credit card numbers was left out in the open for anyone to find online, according to Tech Crunch. The database contained full credit card numbers with detailed billing information that could …

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