Uber Technologies Inc. is on track to price its initial public offering at the midpoint of its target or below, according to people familiar with the matter, following a big stock-market drop and the disappointing debut of rival Lyft Inc.
Uber is in the middle of pitching investors across the country on its shares, which are set to price Thursday ahead of a Friday trading debut. The ride-hailing giant has set a range of $44 to $50 share, or about $80 billion to $90 billion, already down from its earlier indication.
Source: News Formal (newsformal.com)
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Uber, Lyft drivers on global strike just before Uber's IPOUber and Lyft drivers around the world are striking on Wednesday to improve wages and working conditions just two days ahead of Uber's monster IPO that could generate $80 million to $90 million. The hours drivers plan to strike vary by location but will span from New York to Atlanta to Tokyo. In
Source: YahooNews - 🏆 380. / 59 Read more »
Uber and Lyft drivers plan to strike and rally ahead of Uber's IPORideshare drivers are planning to strike and rally again — this time, ahead of Uber's impending IPO Should be for the whole day
Source: CNN - 🏆 4. / 95 Read more »
Uber, Lyft drivers plan to strike ahead of Uber’s IPODrivers are calling for better job security, a livable income and a cap on the ride-hailing companies’ commission. Unfortunately it doesn't matter, they will lose their jobs to automation eventually anyways. This is why we need UBI.
Source: washingtonpost - 🏆 95. / 72 Read more »
Uber, Lyft drivers on global strike just before Uber's IPOUber and Lyft drivers on global strike to improve wages and working conditions just two days ahead of Uber's monster IPO. Love a good protest. Now they learn the company software they installed on their phones encrypts all their data until they go back to work Don't they use there own cars so if they want better working conditions. They need to buy a newer car.
Source: ABC - 🏆 471. / 51 Read more »
Warren Buffett: I'm not buying the Uber IPO, but I've never bought any IPO everBerkshire Hathaway Chairman and CEO Warren Buffett explains why he passed on Uber's initial public offering. Nothing like watching 3 white Banksters on 'cnbc' while futures are down sharply. Buffet is a criminal. 😎😍 Pretty sure people should educate themselves on investments and not just count on what Warren is doing...justathought
Source: CNBC - 🏆 12. / 72 Read more »
Warren Buffett: I'm not buying the Uber IPO, but I've never bought any IPO“In 54 years, I don’t think Berkshire has ever bought a new issue,” Warren Buffett said. Uber drivers planning to boycott all day of IPO and not drive. Make your plans accordingly. Yes - $BRK bought an IPO in 2018 ... StoneCo $STNE in the fall of 2018 ... guess Todd didn’t talk much about it or discuss!
Source: CNBC - 🏆 12. / 72 Read more »
Uber, Lyft drivers in New York, other cities set to strike for two hours WednesdayDrivers in seven other U.S. cities, as well as London, will participate in the stoppage, aimed at getting more job security and other improvements.
Source: USATODAY - 🏆 100. / 63 Read more »
Uber drivers set to protest around the world ahead of the company's $90 billion IPODrivers are also expected to stage protests against Uber and Lyft in at least eight cities around the U.S., including New York, Chicago and San Francisco. Never go back to work! Fucking end Uber and lyft Uber SaudiArabia MBS BAD IPO Uber everything goes to hell when it goes to scale. Welcome to the bell curve.
Source: CNBC - 🏆 12. / 72 Read more »
Uber in driver’s seat as IPO market gears up for busiest week since 2015The U.S. initial public offering market is facing its biggest week since 2015 with at least 15 deals expected to price, including Uber, the biggest IPO since...
Source: MarketWatch - 🏆 3. / 97 Read more »
Lyft stops providing key data after IPO, then insults investors’ intelligenceLyft suggested that investors’ poor little brains just couldn’t handle a separate figure outlining the actual size of its business, yet offered several different versions of profitability, Therese Poletti writes. Lyft and Facebook just don’t understand why companies that don’t make and money and are going to continue to be dependent on the market for cash is a good deal. I don’t see how their business plans work long term. Like Tesla, they depend on investors buying into a fantasy. Lyft can not answer the question when and how they will ever be profitable. retheauditors HorridHenryVIII a good person to follow when it comes to accounting and business issues. She really is fabulous on getting to the heart of the matter.
Source: MarketWatch - 🏆 3. / 97 Read more »
Lyft shows large losses in first earnings since IPO, but sales beat expectationsLyft Inc. reported better sales than expected in its first quarterly earnings report as a public company Tuesday, but also disclosed massive losses even...
Source: MarketWatch - 🏆 3. / 97 Read more »