Oct 16, 2018

Report: Uber valued at $120 billion in IPO proposals

Zachary Basu

Photo: Smith Collection/Gado/Getty Images

Goldman Sachs and Morgan Stanley submitted proposals to Uber last month that would value a potential IPO for the ride-sharing giant as high as $120 billion, nearly double the company's valuation from a fundraising round two months ago, reports WSJ.

Flashback: Almost exactly a year ago, Axios' Dan Primack outlined the case for Uber being valued at $95 billion in a round of private funding from SoftBank.

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Fadel Allassan

Sanders takes aim at Bloomberg: "Trump will chew him up and spit him out"

Photo: Mario Tama/Getty Images

Bernie Sanders told CBS "60 Minutes" that he was surprised by Mike Bloomberg's lackluster performance at Wednesday's Democratic debate.

What he's saying: "If that's what happened in a Democratic debate, you know, I think it's quite likely that Trump will chew him up and spit him out."

Go deeperArrow16 mins ago - Politics & Policy
Kia Kokalitcheva

Scoop: Lyft acquires cartop advertising startup Halo Cars

Photo: Drew Angerer/Getty Images

Lyft has acquired Halo Cars, a small startup that lets ride-hailing drivers earn money via ad displays mounted atop their cars. Lyft confirmed the deal but declined to share any details.

Why it matters: Ride-hailing companies are increasingly eyeing additional ways to generate revenue, and Lyft rival Uber has been quietly testing a partnership with New York-based Cargo that gives it a cut of the advertising revenue, as I previously reported.

Go deeperArrow50 mins ago - Economy & Business
Jonathan Swan, Alayna Treene

Scoop: New White House personnel chief tells Cabinet liaisons to target Never Trumpers

McEntee, shown with White House counselor Kellyanne Conway and White House senior adviser Stephen Miller, walks on the South Lawn of the White House Jan. 9. Photo: Drew Angerer/Getty Images

Johnny McEntee called in White House liaisons from cabinet agencies for an introductory meeting Thursday, in which he asked them to identify political appointees across the U.S. government who are believed to be anti-Trump, three sources familiar with the meeting tell Axios.

Behind the scenes: McEntee, a 29-year-old former body man to Trump who was fired in 2018 by then-Chief of Staff John Kelly but recently rehired — and promoted to head the presidential personnel office — foreshadowed sweeping personnel changes across government.

Go deeperArrow4 hours ago - Politics & Policy