Lyft Files for an IPO
The ride-sharing company announced that it has filed a confidential submission of a draft registration statement with the Securities and Exchange Commission.
The proposed IPO filing did not specify the price range or the number of shares being sold.
The company is reportedly expected to go public in the first half of 2019.
Walmart Acquires Art.com
In an effort to boost its product offering with more inspirational choices, the retail company announced that it’s acquiring the assets of Art.com.
According to the company, “Art.com is the world’s largest online retailer in the art and wall décor category, and the addition of its two million curated images – including a growing exclusive assortment – will create an even richer, deeper customer experience” across its home category.
Walmart plans to operate the assets of Art.com as a standalone site and eventually add its product assortment to its various online platforms such as Jet.com
Airbnb Collects Over $1 Billion in Hotel and Tourism Taxes
The home-sharing company announced that through its partnership with over 400 governments around the world, it has “collected and remitted more than $1 billion in Transient Occupancy Taxes to date”.
Airbnb stated that it’s continually working with city officials around the globe to “reap the benefits of home sharing” with the exploration of “new and unique partnerships on the issue of taxes.”