British Prime Minister Theresa May holds a press conference after the EU Leaders Summit on Brexit at the European Council in Brussels, Belgium on April 11, 2019.
Dursun AydemirAnadolu Agency/Getty Images
By Alan Murray and David Meyer
April 11, 2019

Good morning.

Uber kicks off its road show today, and has told investors that its stock sale may value the company at up to $100 billion. That’s less than the $125 billion that had been floated previously — probably reflecting the poor performance of Lyft’s shares, which have dropped 15 percent since its IPO last month. But it would still make Uber more valuable than, say, GE. Uber is expected to publish its public offering prospectus today. Still to come in this year of the IPO: Pinterest, Postmates, Slack and Zoom.

Meanwhile, Amazon and Microsoft are the sole remaining competitors in the Pentagon’s winner-take-all competition for its $10 billion cloud services contract. That’s a nice chunk of business. The Joint Enterprise Defense Infrastructure cloud – known as JEDI, with an intentional evocation of Star Wars – will be the data repository for the U.S. military worldwide. Oracle and IBM were bumped out of the competition.

News below.

Alan Murray


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