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Uber Skids on First Day of Trading

Uber Technologies Inc. lurched onto the public markets Friday, starting the next chapter for a company that broke private financing records, changed the way the world thinks about transportation and rewrote the startup playbook

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  • These comments about Uber having problems are perplexing. When’s the last time someone called a taxi? Uber invented that. I’ve never seen a company disrupt an industry so thoroughly.

  • If we follow any of the basic strategies of Warren Buffett or Benjamin Graham, for what reason would investors want to buy and bid into Uber? Buying into the IPO would be chasing a valuation that assumes that all investors are going to be forgiving of the fact that they are expecting greater losses

    If we follow any of the basic strategies of Warren Buffett or Benjamin Graham, for what reason would investors want to buy and bid into Uber? Buying into the IPO would be chasing a valuation that assumes that all investors are going to be forgiving of the fact that they are expecting greater losses, facing all sorts of regulatory challenges, driver dissension, and no clear path to profitability in the near term.

  • ‪Uber has changed cities, blocks, and industries. It has saved and ended lives. It has made the world smaller, provided a job to many, plunged others into poverty, and disproportionately enriched a small number of people we follow on Twitter. Life is weird and complicated! But man, what a force.‬

  • Say what you want about Uber. But putting the financial transparency (or lack thereof) and differences with competition aside, its shareholder friendly voting structure places it on better footing versus the egregious supervoting shares in place at Lyft

  • They do not make money, rely on monopolistic practices of which regulators are not playing along. They have expanded into low margin, highly competitive landscapes like food delivery and trucking. They employ no one and have countless problems with drivers and tribunals.

    They have few assets and need

    They do not make money, rely on monopolistic practices of which regulators are not playing along. They have expanded into low margin, highly competitive landscapes like food delivery and trucking. They employ no one and have countless problems with drivers and tribunals.

    They have few assets and need more investor cash to expand into lines that also do not make money.

    Pros: they have an app

    Re: any bets for tomorrow. Twitter is going at $38/share that’s as high as I will go for Uber.

  • Follow up - the opening trades reflect that this is a bad week due to the trade wars - stocks that missed estimates were punished severely. Doesn't detract from the fact that uber is a transformational company and you own it for the financials 3, 5yrs from now.

    The bankers were wise not to price aggressively

    Follow up - the opening trades reflect that this is a bad week due to the trade wars - stocks that missed estimates were punished severely. Doesn't detract from the fact that uber is a transformational company and you own it for the financials 3, 5yrs from now.

    The bankers were wise not to price aggressively given the Lyft experience and unknown trade war outcome.

  • No profits no plan a fragile business model and the avoidance responsibility. For me no bet. Uber could be under...

  • Avoid this one. $45 is a joke considering their financials and labor issues.

  • High frequency traders likely love the volatility about to come from this mixture of horrible PR and a market riding hype.

    For investors, I'm unclear where the upside is in buying Uber at this point. If you buy, are you hoping on their long-term world domination or do you actually believe they will

    High frequency traders likely love the volatility about to come from this mixture of horrible PR and a market riding hype.

    For investors, I'm unclear where the upside is in buying Uber at this point. If you buy, are you hoping on their long-term world domination or do you actually believe they will be victorious in the battle against giants like Google for control of driverless car tech?

    The only prediction I'd make here with confidence: This is going to make a lot of early investors (more) rich.

  • Uber stock may not do well tomorrow, or it may do well. Let’s see how the market reacts.

  • Here comes the pop...

  • All this to me seems like a bubble!!! Investors backing loss making companies until it goes for an IPO and investors sell off their shares to the public making quick buck and company there after nosediving looting public money.

  • Did people actually read the S-1 and saw they lose over $1B per year or did people just react to the public agitation over possible driver strikes and litany of issues and law suits in Uber's track record?

    According to John Maynard Keynes, possibly the latter. Beauty contest beats FOMO in this case.

  • Any bets for tomorrow?

  • For all the controversy., “Uber’s IPO is one of the largest on record and is the biggest since Alibaba Group Holding Ltd. went public in 2014” Let’s hope now that the company is accountable to public shareholders as well, it improves the bad practices that have haunted it.

  • It’s a good sign. The stock price become gradually increasing, reflected to the good response in the market. Stable management.

    The Uber is marked by the trader in Japan. And I also.

  • Funny because earlier this year, shares were rumored to be trading in the $50s on the secondaries market for Lyft and $60s for Uber.

    Regardless, a tech IPO today just means the company is off to college. It still has the rest of its life in front of it.

  • I would like to see this business justify the valuations it commands. I'd rather be a late investor and feel bad later than feeling bad later by being an early investor. IMHO, 😌

  • And they are off! Bumpy beginnings foretells a rocky road ahead as Uber finds it footing in the publicly traded domain

  • Uber seems like the type of company that will have crazy highs and lows over the next few years...

  • Sure, it skids. It also upended a sluggish, unfriendly industry and for that I will be forever grateful.

    Cabbies were suspected of racism, cheating on their meters, and notorious for unreliable service. Uber fixed that. Now they need to protect their drivers and we'll be in good shape.

  • Everyone is enamored by the ultimate shellgame that is the "sharing economy", but as the market pointed out, almost immediately, when you don't really own anything and governments and vendors turn against you, the house of cards is obviously built on a shallow foundation.

  • I've never used Uber. I call a liscensed, bonded taxi service every time. I don't trust some random stranger who's picking up a few extra dollars...

  • I've never used Uber or Lyft.

    I also don't shop at Walmart, Forever 21, or go to/for Disney-anything.

    I pay for drivers, retail folks, entertainers, etc., who are making a living wage from a conscientious employer.

    I like Costco, Chobani, FedEx...you know, the Top Employers based on pay and benefits

    I've never used Uber or Lyft.

    I also don't shop at Walmart, Forever 21, or go to/for Disney-anything.

    I pay for drivers, retail folks, entertainers, etc., who are making a living wage from a conscientious employer.

    I like Costco, Chobani, FedEx...you know, the Top Employers based on pay and benefits.

    I don't feel bad about it in the least.

  • Uber can’t seem to get a break

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