San Francisco aims to rein in tests of tech ideas on streets

Business / Tech Dec 11, 2019

San Francisco aims to rein in tests of tech ideas on streets

Tired of San Francisco streets being used as a testing ground for the latest delivery technology and transportation apps, city leaders are considering requiring businesses to get permits before trying out new high-tech ideas in public. Supporters of the legislation, which the Board of Supervisors ...

Lyft unveils Waymo partnership as loss widens to $1.1 billion

Business May 8, 2019

Lyft unveils Waymo partnership as loss widens to $1.1 billion

Lyft said Tuesday its loss in the past quarter widened to $1.1 billion in the ride-hailing giant's first financial report as a public company, as it announced it was teaming up with former Google car unit Waymo on autonomous taxis. Revenue for California-based Lyft nearly ...

Rakuten's Hiroshi Mikitani set to be big winner in Lyft's impending initial public offering

Business / Financial Markets Mar 2, 2019

Rakuten's Hiroshi Mikitani set to be big winner in Lyft's impending initial public offering

by Devon Pendleton, Tom Metcalf and Anders Melin

A Japanese retail billionaire, rather than a Silicon Valley wunderkind, is the biggest beneficiary of Lyft Inc.'s impending initial public offering. Hiroshi 'Mickey' Mikitani's e-commerce group Rakuten Inc. owns 13.1 percent of the ride-hailing company, offering documents show. That would be worth more than $2.9 ...