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Dave Whamond Apr 11, 2024 Dig deeper

All Hail the Ride-Share Strike

Sonali Kolhatkar / Truthdig May 8, 2019 Company executives make huge profits at the expense of drivers and customers. Now unions are striking on the eve of Uber's IPO. Dig deeper ( 4 Min. Read )

Ride-Hailing Drivers Strike, as Execs Stand to Make Millions in IPOs

Ilana Novick May 7, 2019 As a Lyft driver puts it, “We make pennies, while the app companies make billions off the backs of drivers who suffer.” Dig deeper ( 3 Min. Read )

IPOs Bring Tax Jackpot for California; Can Lawmakers Resist Spending It?

ADAM BEAM / The Associated Press May 5, 2019 The Golden State is estimated to add $1 billion or more to its tax revenue after companies like Uber and Airbnb go public. Dig deeper ( 3 Min. Read )

Lyft Reveals Big Growth but No Profits as It Readies for IPO

CATHY BUSSEWITZ, TOM KRISHER and MICHAEL LIEDTKE / The Associated Press Mar 1, 2019 The ride-sharing company continues to bleed money and may struggle to turn a profit, according to a federal filing. Dig deeper ( 4 Min. Read )

‘The China Hustle’ Scares Up Empty Factories, False Profits for Investors

Jordan Riefe / Truthdig Mar 30, 2018 Filmmaker Jed Rothstein and activist Dan David explore an epidemic of unchecked financial fraud. Dig deeper ( 4 Min. Read )

Earth Could Break Through a Major Climate Threshold in the Next 15 Years, Scientists Warn

By Chelsea Harvey / The Washington Post May 10, 2017 A new report points to alarming possibilities about hazards triggered by climate change that could become reality in the near future. Dig deeper ( 5 Min. Read )

Twitter’s Soaring IPO

Patrick Chappatte, Cagle Cartoons, The International Herald Tribune Nov 10, 2013 Dig deeper

Twitter Flies High in Stock Debut

Staff / Truthdig Nov 8, 2013 Love it or hate it, but Twitter, the social-media stalwart that got everyone thinking in 140 characters or less, was the darling of the NYSE on Thursday after TWTR shares closed 73 percent higher than the preset IPO asking price of $26. Dig deeper ( 1 Min. Read )

Facebook Shares Slip Below $30 Amid Probe of IPO

Staff / Truthdig May 29, 2012 Days after a law firm launched a class-action lawsuit on behalf of investors against Facebook and its bankers, alleging that certain investors were given preferential treatment, Facebook’s shares dipped during Tuesday's trading to near $29, more than 20% under its IPO price. Dig deeper ( 1 Min. Read )

Mark Zuckerberg Just Lost $2 Billion

Staff / Truthdig May 22, 2012 Mark Zuckerberg’s fortune dropped $2 billion Monday as shares of Facebook tumbled to $34.03, 11 percent below their initial public offering price of $38. The loss prompted analysts and buyers to wonder whether the company was overvalued at the $105 billion it gained on the day of its IPO. Dig deeper ( 1 Min. Read )