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Can gig companies utilize ads to achieve sustained profitability?

Lyft 2023 Q4 earnings report

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....

Instacart CEO: This IPO about giving employees liquidity on stock they worked hard for

Instacart opens on Nasdaq at $42 in IPO

Sopa Images | Lightrocket | Getty Images Instacart shares popped 40% in their Nasdaq debut on Tuesday, opening at $42, after the grocery delivery company’s long-awaited IPO. The offering late Monday at $30 a share valued Instacart at about $10 billion on a fully diluted basis, down from a private market valuation of $39 billion...

MosaicML acquisition will allow us to democratize A.I. for startups, says Databricks CEO Ali Ghodsi

Tech IPO drought reaches 18 months despite Nasdaq first half rally

Karl-Josef Hildenbrand | AFP | Getty Images Car-sharing service Turo filed its IPO prospectus in January 2022. A month earlier, Reddit said it submitted a draft registration for a public offering. Instacart’s confidential paperwork was filed in May of last year. None of them have hit the market yet. Despite a bloated pipeline of companies...