Uber lost $3bn last year and $9bn since it was founded - large even by the standards of Silicon Valley tech startups.
Source: News Formal (newsformal.com)
This will please all LondonTaxi drivers.
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Uber valued at $82bn in share listingThe ride-hailing app is asking investors to pay $45 a share, at the lower end of the range expected. Why don't they use projected net profit over the next 10yrs to calc their value? Ohhh wait, they'd have to pay you take the stock. I get it, their current est value at $82B makes WAY more sense.
Source: BBCNews - 🏆 3. / 97 Read more »
Uber goes into reverse as first day stock price disappointsStock traded at considerably lower than the $100bn hailing app had hoped to achieve Doesn't disappoint for anyone who has half a business brain in their head...totally overvalued...hype hype more hype Uber's entire strategy is robot cars they don't have to replace every paying taxi job in the world. They broke every law in the world and got away with it Because Money (which they never made). They survive by undercutting taxis with future profit$. They are broke. Fck 'em. Not surprising considering that the market as a whole had suffered big loses for the week! The assumption had been no doubt that it's IPO would be on a bullish day! Let's wait a week or two and see!
Source: The Guardian - 🏆 84. / 53 Read more »
Uber drivers to go on strike over pay ahead of company's stock market flotationThe drivers say they are creating 'extraordinary wealth' for the minicab company but have been denied basic workers' rights. Lol they are self employ Get a better job Great shout o wait I’m self employed 🤦♂️🙈 those Uber drivers bless um 1 star rating
Source: SkyNews - 🏆 35. / 67 Read more »
Man died after falling out of UberSamuel Thomas, from Hertfordshire, was halfway out of the taxi in Sydney when it drove off, an inquest hears. That’s what happens when everything is upside down. Is this different to falling out of a car? Story been waiting till strike day?
Source: BBCNews - 🏆 3. / 97 Read more »
This airport is rewarding passengers who travel by public transport with fast-track security clearanceUber and Lyft passengers face a drop-off fee from October Thats two a day then? Yeah cause eventually everyone will be on the China social credit score , so their getting you ready.
Source: The Independent - 🏆 80. / 59 Read more »
Uber drivers stage strikes in UK and USThe protests come days before the company lists its shares on the New York Stock Exchange. Good, should help cut emissions climatechange WalkYouLazyBastards Try that one in Afghanistan. Good luck with that BBCLondonNews The public don't give a fuck about the drivers.. they just want cheap and that's what they get.
Source: BBCNews - 🏆 3. / 97 Read more »
Uber drivers in UK cities strike over pay and conditionsDrivers to take part in global protest on eve of ride-hailing app’s flotation on stock market Lol Nah, won't happen. Uber scabs united will never be defeated. UberSucks
Source: The Guardian - 🏆 84. / 53 Read more »
Uber IPO: the rich people who will get even richer when the company goes publicThe ride-hailing app will have one of the largest initial public offerings in history on 10 May Uber lost more money last year than Trump lost in the 80s. UberSucks Repeating history NOT innovation IPO
Source: The Guardian - 🏆 84. / 53 Read more »
Uber driver traumatised by his giant man boobs for 17 years has life-changing 'moob' opAN Uber driver who was so self-conscious of his “moobs” that he refused to date, has finally undergone life-changing surgery. Alex Moore, 30, was just 13 when he started to develop gyna… Does that make him a muber driver 🤫
Source: TheSun - 🏆 64. / 61 Read more »
Uber IPO: Five reasons to be sceptical about 'Ubernomics'Uber, the American cab-hailing app, is set to go public on Friday at a valuation of between $80bn and $90bn (£61-69bn), the biggest tech flotation in five years, and one that will mint hundreds of millionaires. Well, Trump did become president after losing a billion..
Source: The Telegraph - 🏆 41. / 63 Read more »
Uber valued at $82bn as market jitters push down price of 2019's biggest tech IPOUber will be valued at around $82bn (£63bn) when it floats in New York on Friday, after waning demand for the year’s biggest technology listing led it to price shares at the low end of expectations. GLAD THE MISERLY OWNERS LOST MONEY ON LAUNCH DRIVER POWER hansomLDNcabbie 👍
Source: The Telegraph - 🏆 41. / 63 Read more »