Uber Technologies Inc., gearing up for its landmark IPO this week, has taken steps to avoid setbacks that turned the debut of ride-sharing rival Lyft Inc. into a disappointment. Among other things, Uber has trimmed its valuation and is now targeting between roughly $80 billion and $90 billion. That comes as Lyft shares have tumbled more than 20% from their peak the day they started trading in March.

Source: Wall Street Journal May 05, 2019 22:30 UTC