Tech Brew Ride Home Fri. 03/29 - We have Lyft-Off! (Sorry)
Mar 29, 2019
Lyft made a splash with its successful IPO, stirring competition with Uber and rewarding early investors. Huawei's revenues soared over $100 billion despite political turmoil, showcasing corporate resilience. Meanwhile, Stack Overflow seeks new leadership as it navigates its future. The introduction of Alexa for Business allows employees to build custom voice apps, enhancing workplace efficiency. Plus, intriguing longreads suggest insights into media challenges, Europe's startup boom, and a deep dive into the hustler culture at Dave & Buster's.
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Lyft's IPO Success
- Lyft's IPO success, despite being in Uber's shadow, shows strong investor interest.
- Oversubscription and higher share prices indicate a potential win, especially for early investors.
Unicorn IPOs and Investor Returns
- This generation of tech unicorns IPOs later in their lifecycle, potentially limiting future growth for new investors.
- Early investors, including sovereign wealth funds and VCs, might grab a larger share of the winnings.
Huawei's Growth Despite Pressure
- Despite government pressures, Huawei's revenue topped $100 billion in 2018, a 19.5% increase.
- The consumer business grew by 45.1% year over year, indicating strong performance.