KXIP vs KKR Live Score

Started in 2009 after its founders struggled to get a cab on a snowy night, Uber has changed the way millions of people travel and commute but continues to lose money.

"We expect our operating expenses to increase significantly in the foreseeable future, and we may not achieve profitability", Uber said in its filing. In the fourth quarter of 2018, Uber generated US$2.54 billion in adjusted net revenue, with US$2.31 billion of that coming from ridesharing. It said its revenue a year ago rose 42 per cent to reach $US11.3 billion ($NZ16.8b), and it achieved a $US1b profit, derived from selling some of its overseas businesses. According to the Wall Street Journal, Uber is aiming for a public valuation of as much as $100 billion.

The company set a placeholder amount of $1 billion but did not specify the size of the IPO. "However, once Uber goes public (expected in the mid-April timeframe), we could see outflows as investors seek to invest in Uber".

Uber is now expected to begin its roadshow for investors, with an actual flotation expected in early May.

Uber continues to be heavily loss-making despite its significant growth and expansion into new businesses, the taxi app has revealed as it filed to go public in NY.

Last year, the ride-hailing giant settled a legal dispute over trade secrets with Alphabet Inc's Waymo self-driving vehicle unit.

AG under pressure to release evidence clearing Trump
Another focus is whether Mueller will disclose anything from his inquiries into Middle Eastern efforts to influence Trump. Mueller wrote , however, that he could not exonerate the president on that question.

Uber said it plans to give bonuses to qualified drivers and is setting aside an undisclosed portion of its stock for drivers to buy.

Uber revealed in the filing it could have to pay a license fee to Waymo or face a substantial delay to the development of its self-driving technology if the initial assessment of its technology by an independent expert is confirmed.

The probes are among the many risks that investors must weigh as they mull whether to jump into one of the biggest IPOs in years. Analysts consider building scale at a critical mass is crucial in order for Uber's business model to become profitable.

Chief executive Dara Khosrowshahi, who took over in 2017 as part of an effort to reform a corporate culture marred by misconduct and other scandals, said Uber has taken steps to restore its brand and credibility.

Those have included sexual harassment allegations, a massive data breach that was concealed from regulators, use of illicit software to evade authorities and allegations of bribery overseas.

Kalanick is one of Uber's largest shareholders, owning almost 9% of the company's stock.