Ride-sharing company Lyft priced its initial public offering at $72 a share late Thursday, valuing the company at $24.3 billion in what is likely to be the first of many tech IPOs hitting the public stock market in the coming months.
Lyft’s stock is expected to begin trading Friday morning on the Nasdaq Global Select Market under the ticker LYFT. The company is offering 32.5 million shares of Class A common stock, along with another 4.9 million shares underwriters have the option to purchase, the company said in a statement to Fortune....
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Disney’s direct-to-consumer streaming strategy took center stage today at the company’s investor day. That strategy includes Hulu (where the recently-closed Fox acquisition has given Disney a contyrolling stake), ESPN+ and the Indian streaming service Hotstar, but executives spent most of their time hyping the upcoming launch of Disney+. The company said the service will launch […]
Editor’s Note: No one knows how to hire Hiring is the lifeblood of the world. Few people do truly singular work; instead, nearly every facet of our civilization is built by groups of humans (and increasingly machines) working in tandem. That presents quite the puzzle though: if teamwork is so critical to the functioning of, […]