The ride-hailing app and social media platform are both reportedly considering selling their shares on the New York Stock Exchange after completing their initial public offerings this year.
A Pinterest banner hangs on the facade of the New York Stock Exchange (NYSE) in New York City, U.S., September 22, 2017. Like its biggest rival Uber, also planning to go public this year, Lyft has yet to become profitable, with net losses amounting to $911 million in 2018. The final size will change.
Like Lyft, Pinterest plans to go public with a dual-class share structure to concentrate voting power with Class B shareholders, which include co-Founder, President and Chief Executive Officer Benjamin Silbermann.
Reuters previously reported Pinterest could raise around $1.5 billion in the IPO, which is likely to come in the first six months of 2019.
Jet Airways suspends operations on 13 worldwide routes
Besides, Jet Airways has also reduced frequencies on seven other overseas routes, mostly from Delhi and Mumbai , as per sources. The airline has also suspended services on the Bangalore-Singapore route, where it flies twice daily, till end of April.
Yield Curve, Yield Curve, Yield Curve
They are considered the world's safest securities because they are backed by the full faith and credit of the US government. The front-end to intermediate part of the curve inverted for the first time in a decade back in December.
The companies and the NYSE declined to comment.
As one of two dominant ride-hailing companies, Lyft was used by more than 30 million people across North America past year, generating $8.1 billion in gross bookings and $2.2 billion in revenue.
The company said part of its strategy is to expand into new advertising markets, such as appealing to auto companies and financial services firms that want to reach its base of 250 million monthly active users.
Pinterest initially submitted its IPO plans confidentially.
The government in Bamako has denied their accusations it turns a blind eye to - or even encourages - Dogon attacks on the Fulani. The death toll is not final, as local law enforcement officers continue to examine the scene of the brutal attack.
Hammond's comments signal a clear break from May's repeated refusal to allow the British public a second poll on Brexit. Demonstrators have begun arriving in central London to join a march on Parliament to demand a second Brexit referendum.
Through their first 8 shots from the field, the Wildcats connected on five of them, including 3-of-5 from beyond the arc. The Ducks beat a Wisconsin team that came from the Big Ten, which went 7-1 in the first round of the NCAA Tournament .
He had deliberately fed the animal allergy pills mixed with milk so it would lose consciousness for up to three hours. He claimed his friend, who has since left Indonesia, convinced him he could bring the orang utan home as a pet.
Netizens are appreciating the courage that she has taken to do a film like this during the peak of her career. Deepika is not only playing the titular role of the acid attack survivor but also producing the project.
Montana: The Grizzlies were missing 6-foot-8, 253-pound redshirt senior forward Jamar Akoh once again because of a knee injury. The schools most recently met in the 2013 tournament regional final (Elite Eight) when MI won, 79-59.
Tesla has gone through multiple layoffs over the past few months and is planning to close some of its retail stores. Block, who owns a small put position on Tesla, said the SEC has held Musk "partially" accountable.
But it's all about Winx, who will have one more planned start in the Queen Elizabeth Stakes in three weeks before she is retired. Winx has won a record 32nd straight Group One race, extending her winning streak in her penultimate race.
The new iPad Air and iPad mini are already available on the Apple Store website and are expected to hit the shelves next week. To confirm the new iPad mini's power, I ran my usual Geekbench 4 benchmarks to see where the new iPad mini slots in.
ISIS caliphate gone, but group remains a threat
The spokesman for the Kurdish-led Syrian Democratic Forces (SDF) on Saturday said the sliver of land had been fully liberated. Sleeper cells in Iraq have staged a scatter-gun campaign of kidnappings and killings to undermine the Baghdad government.