Bloomberg Uber Technologies Inc and Lyft Inc are solidifying plans for initial public offerings next year, when a wide pool of investors will decide what the money-losing ride-hailing businesses are actually worth. Wall Street’s top banks, vying for a coveted underwriting spot on Uber’s IPO, suggest the San Francisco company could produce one of the most valuable offerings ever. In ...

Bloomberg Facebook Inc knew in early 2015 that it misled advertisers about the average time users spent viewing online video clips — and then lied about it, according to a lawsuit. The owner of the world’s largest social network acknowledged in September 2016 that it had inflated the metric for marketers, and said it fixed its calculations. Crowd Siren, the ...

Bloomberg Europe’s car lobby said a no-deal Brexit would threaten the very business model of companies operating in the UK and on the continent, urging negotiators to do everything in their power to avert a worst-case scenario on the eve of a summit in Brussels. Carmakers and suppliers’ steps to prepare for the event of a disorderly withdrawal from the ...