- Uber Technologies Inc shares fell as much as 10% on Monday, doubling losses since its poorly-received Wall Street debut on Friday and raising more questions about investors’ faith in its ability to make profits.
Before going public, Uber lowered its valuation expectations twice in two months to address investor concerns over the company’s mounting losses, and priced its initial public offering at the low end of the targeted range. “The current narrative relating to the social economic nature of the ride-hailing segment is negatively having an impact on the shares of both UBER and LYFT,” said Zephirin Group analyst Lenny Zephirin.
It’s all about their ContingentLiabilities
Business lost common sense... win win win situation... customers win, Uber win and driver loosing... unbalanced...
i don't need it
a company with an operating paradigm based on putting people out of work and putting customers in killer technology. is there a better example of a company saying 'fuck you' to human beings?
Why would anyone buy a company who said they will probably never make a profit .
Its because the horse was a Lyft.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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 »
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 »
Lyft shares hit record low, piling pressure on Uber ahead of IPOLyft Inc's stock slumped nearly 11% on Wednesday to a record low after the ... maybe they should pay the drivers
Source: Reuters - 🏆 2. / 97 Read more »
Uber valued at $82 billion in IPO as market jitters, Lyft woes weighUber Technologies Inc priced its initial public offering on Thursday at the low ... I think we all know that Uber is digitized slave labour; failing to provide a contractor business model where people can make a living in a 40-50 hour work week.
Source: Reuters - 🏆 2. / 97 Read more »
Lyft hits record low as Uber slumps in Wall Street debutLyft hits record low as Uber slumps in Wall Street debut See the two rivals, side-by-side via ReutersGraphics I only believe in real cab companies. Never rode in uber or lyft. Tried but it was too much time to set up when you need a ride you need a ride especially if its your first time trying to get it one of these. I would rather do a cab company etc. Massively loss making taxi hail service.......yeah sure, that sounds like it's worth a lot of cash 😜
Source: Reuters - 🏆 2. / 97 Read more »
Uber IPO: 5 things you need to know about the biggest IPO in yearsUber Technologies Inc. moved a step closer to a mammoth initial public offering on Friday. retheauditors UnicornBubble
Source: MarketWatch - 🏆 3. / 97 Read more »
Uber and Lyft drivers are planning to strike this week, and it highlights the challenge the 2 ride-hailing giants face as public companiesUber and Lyft are still fighting tooth and nail for market share in the United States. still trying to figure out how much an uber driver actually earns per hour after expenses
Source: BusinessInsider - 🏆 729. / 51 Read more »
Breakingviews - Lyft takes some gas out of Uber’s IPOOn Breakingviews – Lyft is likely to take some gas out of Uber’s IPO by tombuerkle Breakingviews tombuerkle No one cares. Breakingviews tombuerkle Lyft is a lot more affordable than uber Breakingviews tombuerkle uberscam
Source: Reuters - 🏆 2. / 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 »
Lyft takes some gas out of Uber’s IPOThe smaller ride-hailing app beat revenue estimates with its first post-listing results and burned less cash. But growth is slowing, making profit a more distant goal for the $17 bln firm. That, and a fresh wobble in the stock, flash a hazard light for its big rival’s offering.
Source: Breakingviews - 🏆 470. / 51 Read more »