In a financial filing from Uber today, the company named competitors to its myriad business, ranging from startups like Zoox and DoorDash, to tech titans like Apple, Alphabet and Amazon."Waymo has already introduced a commercialized ridehailing fleet of autonomous vehicles, and it is possible that our other competitors could introduce autonomous vehicle offerings earlier than we will," the company wrote in the Risk Factors section of its S-1 filing.
Uber also spoke plainly about its losses to-date, and warned investors that it expects operating costs to increase, and that it may not achieve profitability. As of December 31, 2018, Uber had racked up an accumulated deficit of $7.9 billion. In 2017, the #DeleteUber campaign prompted hundreds of thousands of consumers to stop using our platform within days. Subsequently, our reputation was further harmed when an employee published a blog post alleging, among other things, that we had a toxic culture and that certain sexual harassment and discriminatory practices occurred in our workplace.
When is the Pornhub ipo? They have way more users than Uber They're also the 7th most visited site in the world. Sounds like a much better bet.
“In 2017, the DeleteUber campaign prompted hundreds of thousands of consumers to stop using our platform within days. Subsequently, our reputation was further harmed...” Takes a long time for this kind of brand damage to heal... UBER earned the bad guy image. $LYFT $UBER
The only scandal is them pushing this PROFITLESS CRAP ONTO THE PUBLIC! buy it when it's profitable, ENDS ALL DISCUSSION. THERE IS A REASON THEY (PRIVATE INVESTMENT) WANT YOU TO BUY IT NOW? if they don't want it why would you?
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Lyft IPO Should Mark The End Of The 'Uber'- Exuberant Tech Cycle In Silicon ValleyLyft, 'lifted' to a valuation of close to $25 billion when shares started trading on Friday. Today, it's down as much as 20% from the Friday highs.
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