Uber Technologies Inc's conservative initial public offering could not keep its shares from sinking in their trading debut on Friday, fuelling debate on Wall Street over whether the outcome of the most anticipated listing since Facebook Inc would weigh on other Silicon Valley unicorns.
Yet the ride-hailing company picked a rough week for its IPO — plagued by market turbulence fuelled by US-China trade worries. Uber was the biggest of a group of Silicon Valley start-ups that have spent years raising money in private rounds at record prices.Some, like Uber and Lyft, are unprofitable.
Source: News Formal (newsformal.com)
People should not go to work for Uber, speaking of low pay, terrible working conditions and no injury protection for workers if things go wrong. I can't understand how could the government allows those types of business ever exist in Australia!
I dream of being a crossbencher but am not wealthy enough but when BillShortenMP is PM he will ensure my dream will come true. abcnews auspol ausvotes
Uber is unprofitable. With mounting losses. Who treat their drivers badly.
UberIPO
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Uber makes lower than expected Wall Street debut | Sky News AustraliaRide-share company Uber has made its debut on the New York stock exchange, going public in a lower than expected first offering.\n\nIn the most high-profile US market IPO since Facebook in 2012, Uber began trading at $42, nearly 7 per cent lower than its initial offering price for the shares.\n\nThe company's IPO was already almost a third less than what investment bankers had predicted 12 months ago.\n\nDespite the company's lackluster start on the share market, the $8.1 billion that Uber raised means its debut was one of the largest in US history.\n\n\n
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Australia joins worldwide Uber safety protestA global protest calling on Uber to prioritise safety and fairness will hit the streets of Melbourne, Sydney and Brisbane on Wednesday. Ola is better and give you a free $20 ride when you sign up 👍
Source: SBSNews - 🏆 3. / 89 Read more »
Uber on collision course with state government over workers' rightsThe state government has flagged the possibility of intervening to protect the working conditions of ride-share drivers and food delivery riders. These companies remind me of 19th Russian nobility and their relationship to their serfs. Why does Uber care?! They don’t make any money anyway?! 🙄 Find that hard to believe.......the biggest donations that go to Andrew's labor government are the poker machine lobby and the gig economy........his a liar.
Source: theage - 🏆 8. / 77 Read more »
'It's getting harder to make a dollar', say protesting Uber driversUber drivers protest about their working conditions outside the company's offices across the world, while a Victorian inquiry hears of exploitation across the gig economy. Go drive a taxi earn an honest $ or go home Instead of complaining, perhaps you could get a real job? Good. Stop. Toxic corporation with toxic culture and business practices.
Source: abcnews - 🏆 5. / 83 Read more »
'A lot of people thought this wasn't a good investment': Uber gamble could result in $858m windfallIt started with a $US5m investment after a meeting over meat pies and beers in a pub with the founder of Uber.
Source: smh - 🏆 6. / 80 Read more »
Fava beans or Uber Eats? Health food dilemma threatens school canteensExclusive: Canteen operators say the cost of producing healthier options to comply with new guidelines could force many to close I thought eating healthy was cheap Which would be good for public health. So what? Suck it up rip off merchants. But actually that is BS.
Source: smh - 🏆 6. / 80 Read more »
Uber's long road to an IPO is ending at a less-than-ideal momentWhen you've waited a decade to go public, it's natural to want the best possible conditions to make an entrance. In that regard, 2019 hasn't been kind to Uber.
Source: smh - 🏆 6. / 80 Read more »
Hobart's welfare recipients surviving on 'one meal a day' concerned about the electionIn Hobart's northern suburbs, people are being forced to choose between their hunger and housing. They're anxiously awaiting how election results affect their hip-pockets. We need affordable housing for first home buyers and renters. VoteSustainable Vote for SustainableAustralia auspol ausvotes ausvotes19 ausvotes2019 democracysausage sausagesizle lucymdonoghue Meanwhile this government merrily flings $180 million at a PR stunt like Christmas Island. I wouldn't be surprised if it was about Sydney but Hobart?
Source: abcnews - 🏆 5. / 83 Read more »
Indonesia to sink scores of boats to deter illegal fishingIndonesia has defended its decision to sink dozens of boats to deter illegal fishing in its waters, saying it 'there's no other way'. That's how they roll in Indonesia. warningtoothers SBSNews Shame they couldn't do that with people smuggler boats.Probably there law enforcement getting a cut. Australia used to confiscate and burn theirs. I don't see the problem. the planet can no longer endure this behaviour. I hope Indonesia sinks a Chinese Super trawler, a Taiwanese, South Korean or American pirate vessel or a Japanese whaler. Good luck with that.
Source: SBSNews - 🏆 3. / 89 Read more »
Uber makes lower than expected Wall Street debut | Sky News AustraliaRide-share company Uber has made its debut on the New York stock exchange, going public in a lower than expected first offering.\n\nIn the most high-profile US market IPO since Facebook in 2012, Uber began trading at $42, nearly 7 per cent lower than its initial offering price for the shares.\n\nThe company's IPO was already almost a third less than what investment bankers had predicted 12 months ago.\n\nDespite the company's lackluster start on the share market, the $8.1 billion that Uber raised means its debut was one of the largest in US history.\n\n\n
Source: SkyNewsAust - 🏆 7. / 78 Read more »
'It's getting harder to make a dollar', say protesting Uber driversUber drivers protest about their working conditions outside the company's offices across the world, while a Victorian inquiry hears of exploitation across the gig economy. Go drive a taxi earn an honest $ or go home Instead of complaining, perhaps you could get a real job? Good. Stop. Toxic corporation with toxic culture and business practices.
Source: abcnews - 🏆 5. / 83 Read more »