Lfyt posts huge losses in post-IPO earnings as Uber prepares for New York listing on Friday
In this file photo taken on April 10, 2019, a ride share driver picks up passengers at O'Hare Airport in Chicago, Illinois. Picture: AFP/SCOTT OLSON
Uber, though, has bet on a broader range of services and markets than Lyft, comparing itself recently to Amazon.com, which did not turn a profit until several years after its IPO. A person familiar with Uber’s discussions with investors said the potential for Uber Eats in particular was resonating with investors. Uber’s IPO is more than three times oversubscribed, the person familiar with the matter said.
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