Feb 4, 2019

The secrets that might be in Uber's S-1 filing

Photo: Smith Collection/Gado/Getty Images

One intriguing thing to look for in Uber's S-1, whenever it arrives, is how much information it provides about the other ride-hail companies in which it holds shares.

The bottom line: These holdings, particularly in China's Didi Chuxing, could represent a sizable percentage of Uber's proposed market cap. Investors are going to want more than just the latest VC valuations. This also could be where Uber benefits a bit from an IPO for Lyft — assuming it doesn't get taken out first, Qualtrics-style — in that there will be another third-party data point.

Go deeper: Breaking down the Uber-Lyft-Slack IPO rush

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Coronavirus dashboard

Illustration: Sarah Grillo/Axios

Global: Total confirmed cases as of 12:30 p.m. ET: 1,056,777 — Total deaths: 55,781 — Total recoveries: 221,262 — Map.
U.S.: Total confirmed cases as of 12:30 p.m. ET: 257,773 — Total deaths: 6,069 — Total recoveries: 9,311 — Map.
Politics latest: Lawmakers on both sides of the aisle are worried about the difficulties of delivering the $2.2 trillion in stimulus aid.
Jobs update: The U.S. lost 701,000 jobs in March, but the new report doesn't reflect the height of the virus' impact on the economy.
World update: About half of the deaths worldwide are in Italy and Spain, with fatalities exponentially increasing across Europe.
Social media: Bored athletes take to Instagram to connect with fans during coronavirus shutdown.
What should I do? Answers about the virus from Axios experts — What to know about social distancing — Q&A: Minimizing your coronavirus risk.
Other resources: CDC on how to avoid the virus, what to do if you get it.

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Coronavirus puts ambitious plans for self-driving cars on the shelf

Illustration: Sarah Grillo/Axios

In two weeks, the coronavirus has brought the entire U.S. auto industry to a screeching halt. When it finally sputters back to life, many companies may be forced to change, defer — or even abandon — their ambitious plans for self-driving vehicles.

The big picture: Auto factories are shut down across North America to prevent the spread of the virus among workers, while stay-at-home orders have kept car shoppers away from showrooms. The resulting financial shock means carmakers have shifted their focus to survival, not investing in expensive technologies with no clear payoff.

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Skepticism rises over government's small business bailouts

Illustration: Aïda Amer/Axios

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What's new: House GOP leader Kevin McCarthy yesterday said that the affiliation rule will be waived for any company with less than 500 employees that doesn't have a controlling outside shareholder, thus making most VC-backed startups eligible for PPP loans. This was based on a conversation he'd just had with Treasury Secretary Steven Mnuchin.

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