Popcorn buckets are pictured during the “Taylor Swift: The Eras Tour” concert movie world premiere at AMC The Grove in Los Angeles on Oct. 11, 2023. Valerie Macon | AFP | Getty Images Move over, Nicole Kidman. AMC has some new patron saints. In the final three months of 2023, AMC saw revenue increase 12%, … Read more
An empty Lyft pick-up area is shown as rideshare drivers hold a rally as part of a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers “basic employee rights”, in Los Angeles, California, U.S., August 20, 2020. Mike Blake | Reuters Lyft shares traded over 34% … Read more
Air travelers walk toward a Lyft pickup area at Los Angeles International Airport in Los Angeles on Aug. 20, 2020. Mario Tama | Getty Images Lyft shares initially soared in extended trading on Tuesday but pulled way back after the company’s finance chief acknowledged on an earnings call that the release included a major error. … Read more
DETROIT — General Motors’ plans to diversify its business through trendy industries such as ridesharing and other “mobility” ventures or startups have largely fallen flat since the automaker started investing in such growth areas in 2016. Cruise, its majority-owned autonomous vehicle subsidiary, is increasingly looking like it might be next. The unit has quickly gone … Read more
Instacart, the grocery supply firm that slashed its valuation throughout final 12 months’s market slide, filed its paperwork to go public on Friday in what’s poised to be the primary vital venture-backed tech IPO since December 2021. The inventory will likely be listed on the Nasdaq underneath the ticker image “CART.” In its prospectus, the corporate … Read more