Senior Technology Reporter for @BloombergNews covering VCs and startups. Contact me at ssaitto@bloomberg.net

Fitbit Said to Plan 2015 Initial Offering Led by Morgan Stanley

bloomberg.com — Fitbit Inc., a maker of fitness-tracking wristbands, is working with banks on an U.S. initial public offering for 2015, said people familiar with the matter. The seven-year-old company has tapped Morgan Stanley to lead an IPO after deciding not to raise financing through a private placement, said one of the people, who asked not to be identified because the information is private.

SurveyMonkey raises $250 million in funding to fuel deals

livemint.com — The company will spend $75 million on acquisitions and use the remaining $175 million to buy back shares from employees and investors, SurveyMonkey's CEO said. San Francisco/New York: SurveyMonkey Inc., an online questionnaire service, raised $250 million in funding in an investment round that will help it pursue acquisitions and let employees and existing shareholders sell some of their stock.

Uber Seeks to Patent Pricing Surges That Critics Call Gouging

bloomberg.com — When Uber Technologies Inc. jacked up prices in Sydney this week to meet the demand of people fleeing a hostage crisis, critics accused the ride-sharing service of price gouging. The company, though, makes no apologies for what it calls "surge pricing" -- and in fact is seeking to patent it.

Uber Offers Free Rides in Sydney After Surge-Pricing Criticism

bloomberg.com — Uber Technologies Inc. offered users in Sydney's central business district free rides after a backlash over increased fares during a hostage crisis, adding to the controversies facing the mobile car-booking company. During a siege today at a Sydney cafe, where a gunman held hostages for about 17 hours before police stormed the location, Uber pushed up its fares for riders in the area, a move known as surge pricing.

Box Almost Doubles Revenue as Startup Weighs IPO Timing

bloomberg.com — Box Inc. almost doubled revenue and narrowed its net loss in its most recent quarter, as the cloud-storage company continues to assess when to go public. For the three months ended Oct. 31, Box's revenue rose to $57 million, up from $33.6 million a year earlier, according to a filing today with the U.S.

Uber Blocked From Brazil to California as Legal Hurdles Mount

bloomberg.com — Uber Technologies Inc. has hit an increasing pileup of regulatory and legal hurdles this week, with its mobile application challenged from India to California. The car-booking app yesterday was sued by the district attorneys of Los Angeles and San Francisco over claims that it makes false assurances to customers about drivers' background checks.

Silicon Valley Startups Begin Taking ‘Haircuts’ in IPO Market

bloomberg.com — Even as funds continue throwing cash at private companies, sending valuations to record heights -- including Uber Technologies Inc. reaching $40 billion last week -- investors in recent initial public offerings aren't paying up. This week, venture-capital-backed startups New Relic Inc. and Hortonworks Inc.

Uber valued at $40 billion in $1.2 billion equity funding

dallasnews.com — The mobile car-booking company said Thursday it raised the money at a $40 billion valuation, more than doubling its $17 billion valuation in June and bolstering its rank as the most highly valued U.S. technology startup. In total, Uber has now raised more than $2.5 billion since its 2009 inception.

Uber Closes Additional $1.2 Billion Funding Round at $40 Billion Valuation

skift.com — Uber Technologies Inc. has completed the next stage of its funding war chest. The mobile car-booking company said today it has raised $1.2 billion in new financing at a $40 billion valuation, more than double the $17 billion that it was valued at in June and bolstering its rank as the most highly valued U.S.

Uber Valued at $40 Billion With $1.2 Billion Equity Fundraising

bloomberg.com — Uber Technologies Inc. has completed the next stage of its funding war chest. The mobile car-booking company said today it has raised $1.2 billion in new financing at a $40 billion valuation, more than double the $17 billion that it was valued at in June and bolstering its rank as the most highly valued U.S.
More Articles →
Dec 21, 2014

Throwing Money at Start-Ups in Frenzy to Find the Next Uber, via @nytimes nyti.ms/1uVLaHF

Dec 21, 2014

Distracted Driving and the Risks of Ride-Hailing Services Like Uber, via @nytimes nyti.ms/1DY2BkB

Dec 21, 2014

The Lesson of the Sony Hack: We Should All Jump to the ‘Erasable Internet’, via @nytimes nyti.ms/1Avo4LR

Dec 20, 2014

A Scourge Is Spreading. M.T.A.’s Cure? Dude, Close Your Legs. , via @nytimes nyti.ms/1zhnggr

Dec 20, 2014

RT @nytimes: Instagram, bought by Facebook for $1 billion, may be worth $35 billion nyti.ms/1z4Q9aw

Dec 19, 2014

RT @maxabelson: I've got a big Meredith Whitney scoop! Her hedge fund is in turmoil: bloom.bg/1H7Ksgd

Dec 19, 2014

the scoop: @Fitbit Plans 2015 Initial Public Offering Led by Morgan Stanley bloom.bg/1JrPM29 via @business with @lesliepicker

Dec 19, 2014

breaking on @BloombergNews: @Fitbit Plans to #IPO in 2015 and Taps Morgan Stanley to lead offering with @LesliePicker

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