Uber IPO

5teamparlay · May 10, 2019

https://finance.yahoo.com/news/uber...-trading-on-nyse-morning-brief-102210816.html

The public is about to get a piece of Uber.
The ride-sharing company is set to begin trading on the New York Stock Exchange on Friday, under the symbol “UBER.” The offering gives retail investors their first chance to buy shares of the ride-hailing market’s leader.
On Thursday, Uber priced its initial public offering at $45 per share, at the low end of its targeted range of between $44 and $50 per share. This implies a market valuation of about $82.4 billion on a fully diluted basis. However, it’s down sharply from the as much as $120 billion valuation reportedly floated earlier as the company sought a public listing.
Uber’s offering has arguably been the most hotly anticipated in this year’s wave of major tech IPOs – but it’s also been one of the most divisive.

5teamparlay · May 10, 2019

Currently 44.55

may get in - but not today

carlspackler · May 10, 2019

A company that fails to make a profit. Tempting.

8ate · May 10, 2019

I did get in at 44.58..>>so watch it crash..GGl

I think there are so many negative recent reports, strikes, issues, that it is the time to buy..lol.

gl

5teamparlay · May 10, 2019

41.57

5teamparlay · May 11, 2019

According to University of Florida professor Jay Ritter, Uber’s 7.62 percent decline since hitting the NYSE makes it “bigger than first day dollar losses of any prior IPO in the U.S.”

mooshroma · May 11, 2019

I don't post much but I think Uber/Lyft will never make it. While the concept is a good one, I feel government regulation(minimum hourly driver rate and benefits), government taxation on this service(they have their hands in everything) and low pay rate for drivers will prevent these and others like them from ever hitting it big. I hope I am wrong but these are major hurdles to overcome. If they go driverless, then you might have something. Until then, I don't see much upside. They are all hemoraging money, profitability not in the near or ever future.

Pulledclear · May 11, 2019

The Greatest One · May 11, 2019

Uber is alot more expensice ride than it used to be.

Drinking and driving should be legal anyway.

Drinking and crashing is what should be illegal

Most of Uber drivers are Muslims who have no idea where anything is

beefdiesel · May 11, 2019

I’ve taken two Uber rides, one couldn’t find our ride, too drunk in
New Orleans and the other one in New Orleans the driver said not a word, I only use that shit when there is no other option

Serbone · May 11, 2019

carl spackler said:
A company that fails to make a profit. Tempting.

Haven't they lost $9 billion so far?
Remember 2000 or so, all the DOT COM companies that went public, losing money, a lot flopped.
The Uber business model has some flaws...

PoundFoolish · May 12, 2019

beefdiesel said:
I’ve taken two Uber rides, one couldn’t find our ride, too drunk in
New Orleans and the other one in New Orleans the driver said not a word, I only use that shit when there is no other option

strange experience.

5teamparlay · Aug 1, 2019

41.31

5teamparlay · Aug 9, 2019

39.04

0, 0, 0.619608)] usd[/color][/color]−3.94 (9.18%)

5teamparlay · Dec 1, 2019

29.60

[h=3]Summary[/h]

Uber has greatly disappointed since its IPO as questions over profitability linger over the company.
Its core Rides business segment is growing strong and has delivered record profits and higher margins.
Uber Eats has grown quickly in size but losses have mounted as it struggles to gain a leadership position within a fiercely competitive market.
Regulatory scrutiny is growing and as demonstrated by the recent ban in London, will seriously affect Uber.
Investors should not invest in Uber.

CaptainLee · Dec 1, 2019

5teamparlay said:
Currently 44.55

may get in - but not today

Post and bump this when you have a price which you've actually purchased shares.

5teamparlay · Dec 1, 2019

It’s been on my list to short while the lockup period was ending a few weeks back.
made money shorting BYND during that time.

Wont touch it on the BUY side

better stuff out there.

bigbet1234 · Dec 1, 2019

Horribly run company. You offer a service with a HUGE need and fuck it up.

Hemorrhaging money.

Now they are in a position where they are fucking the drivers over keeping up to 50% of the fare while hitting the passenger with a higher rate.

One of the worse run companies period.

Doug · Dec 1, 2019

The Greatest One said:
Uber is alot more expensice ride than it used to be.

Drinking and driving should be legal anyway.

Drinking and crashing is what should be illegal

Most of Uber drivers are Muslims who have no idea where anything is

If you want a legal place to drive drunk, then you need to move to Africa.