Is there an #uber #ipo conspiracy?
▻https://hackernoon.com/is-there-an-uber-ipo-conspiracy-86ee9182d078?source=rss----3a8144eabfe3-
I ask this question, because there are rumours floating around that suggest the US government and General Motors (GM) are in cahoots to suppress Uber’s $120 billion IPO and promote Lyft.I first came across the idea via a CCN article by Nicole Grinstead. She has provided an excellent infographic explaining the race between Uber and Lyft, or should I call it a battle, that has been ongoing since Lyft launched in 2012. It shows that in 2015, Lyft got a major influx of investment from China, and in the following year it entered into a partnership with GM. This was intended to improve their share of the ride-sharing market, and advance GM in the autonomous car sector. However, in August 2016, Lyft’s former Chines partner bought Uber China, ending the relationship. In December 2018, Lyft filed (...)