Biz Carson

Forbes Staff

ARTICLES

1 week ago

Postmates Charmed Hollywood. Now The $1.85 Billion Delivery Startup Needs To Win Over Everyone Else

Investors including Founders Fund, Spark Capital and Tiger Global sank nearly $700 million into the San Francisco startup, now valued at $1.85 billion.
By Biz Carson 19 min read
1 month ago

IPO Expenses Drive Up Uber Losses To $5.2 Billion As Growth Slows

Uber's losses hit to $5.24 billion in the second quarter due to $3.9 billion in stock costs associated with its IPO. Revenue growth was up just 14% from last year to reach $3.1 billion.
By Biz Carson 2 min read
1 month ago

Lyft Stock Spikes As It Expects To Lose Less Money In 2019

The company posted $867 million in revenue, up 72% year-over-year, smashing analyst expectations of revenue of around $809 million, per FactSet estimates.
By Biz Carson 2 min read
2 months ago

7 Unicorns, A $2.6 Billion Acquisition And 1 FBI Raid: The Year In Next Billion-Dollar Startups

Seven companies from Forbes Next Billion-Dollar List have been valued at $1 billion or more by private investors  since the publication of last year’s list in October 2018.
By Biz Carson 17 min read
3 months ago

Billionaires Jim Breyer and Thomas Tull Lead $15 Million Bet That Genies’ Avatars Will Be Next Big Thing In Social

Genies’ digital caricatures have popped up everywhere—from Scooter Braun’s Instagram account to DJ Khaled’s and attracted a star-studded list of investors.
By Biz Carson 15 min read
3 months ago

Scooter Startup Lime Swaps Out CEO As Cofounders Change Roles

It’s not too uncommon for startups to switch up leadership at some point. Lime’s growth has exploded in the last two years since it launched in January 2017.
By Biz Carson 3 min read
3 months ago

DoorDash Is Now Worth $12.6 Billion After New $600 Million Investment

Just three months after raising $400 million, DoorDash confirmed it has closed another $600 million with NY hedge fund Darsana Capital Partners leading the round.
By Biz Carson 9 min read
4 months ago

After $1.1 Billion Loss, Lyft Says 2019 Will Be ‘Peak Loss Year’

Revenues reached $776 million in the first quarter, up nearly 95% from the year-ago quarter, and beating analyst estimates of $739 million, compiled by Refinitiv.
By Biz Carson 4 min read