Lyft pulls ahead of Uber in race to IPO

Lyft is the first ride-hailing app to file to go public.Image: Lyft Lyft filed for a $100 million initial public offering on Friday. In its filing with the U.S. Securities and Exchange Commission, Lyft released its financial history for the first time. With the public disclosure, we now know that for the past three years Lyft has been losing money … a lot of money.  SEE ALSO: Lyft rolls out its own version of Uber Express Pool called ‘Shared Saver’ Lyft pulled in revenue of $2.2 billion in 2018, but also recorded a net loss of more than $911 million. It lost nearly $700 million during the previous two years.  Much bigger competitor Uber is expected to file for its …

Elon Musks Latest Tweets Land Him in Yet More Trouble

Never tweet. That’s the thrust of an SEC action taken late Monday, when the US securities watchdog requested that a federal judge hold Tesla CEO Elon Musk in contempt of court for a short series of tweets he posted last week. The SEC’s request stems from a February 19 posting from the Twitter-loving CEO, who wrote, “Tesla made 0 cars in 2011, but will make around 500k in 2019.” About four and a half hours later, Musk corrected himself, tweeting: “Meant to say annualized production rate at the end of 2019 probably around 500k, i.e. 10k cars/week. Deliveries for the year still estimated to be around 400k.” https://twitter.com/elonmusk/status/1098080063801585664 A regular schmo making a blooper on Twitter might be no big …

Elon Musk always takes the freeway instead of Waze shortcuts so he can use Autopilot

Just you, the open road, and Autopilot.Image: Tesla While making bold predictions about full self-driving cars during a podcast session with an investment firm this week, Tesla CEO Elon Musk also shared how he gets around – in a very Tesla way. In the conversation with ARK Invest — a Tesla shareholder that wrote a stern letter to Musk after he tweeted about taking Tesla private — Musk said Tesla vehicles would be capable of self-driving by the end of this year and that by the end of 2020 human drivers wouldn’t have to pay attention while the car drives and you could even take a nap until arriving to your destination.

Lyft’s ‘Shared Saver’ is just like Uber Express Pool

Pile in for a crowded ride.Image: Lyft If you’re willing to walk a few blocks, you could save money on your next ride. On Wednesday, Lyft rolled out its version of Uber Express Pool: Shared Saver. Think of it as an on-demand mini-bus. The app gives you walking directions to meet a driver already carrying or on their way to pick up other passengers. After being dropped off, you might also have to walk a few blocks to your destination.  Wait for the app to tell you how far you’ll be walking. Image: LYFt Uber’s version of the feature launched nationwide a year ago, so the concept isn’t entirely new, especially for people who flip between the two apps. (Now …