Market Turbulence: Company and Uber Lyft

market turbulence: Yet the ride-hailing company picked a week for its IPO plagued by market turbulence fueled by U.S.-China trade worries, according to The Japan Times. Moreover, smaller rival Lyft's shares plunged this past week after its first earnings as a public company. ; Uber was the biggest of a group of Silicon Valley startups that have spent years raising money in private rounds at record prices. Uber considered going public for at least four years. Many of these companies are now looking to follow with their own IPO. Some, like Uber and Lyft, are unprofitable. Grocery and food delivery platform Postmates, WeWork owner The We Company and online mattress retailer Casper Sleep are among startups seeking to launch IPOs this year. Workplace messaging company Slack Technologies Inc. plans to hold an investor presentation on Monday in advance of its direct listing next month. ( As reported in the news.

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