NEW YORK - Uber Technologies Inc priced its initial public offering on Thursday at the low end of its targeted range for a valuation of $82.4 billion, hoping its conservative approach will spare it the trading plunge suffered by rival Lyft Inc.
The year’s biggest IPO comes against a backdrop of turbulent financial markets, fueled by the trade dispute between the United States and China, as well as the plunging share price of Lyft, which is down 23 percent from its IPO price in late March. Like Lyft, Uber will face questions going forward over how and when it expects to become profitable after losing $3 billion from operations in 2018.
Source: News Formal (newsformal.com)
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.
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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 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, 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 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 »
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 »
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 »
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 »
Uber and Lyft drivers strike for better pay: Live updatesUber drivers are walking out to protest their low pay a few days ahead of its Wall Street debut. Uber is expected to raise as much as $10 billion. I’m thinking their jobs are going to automation AI in the near future. Andrew Yang has a plan to help displaced workers Tesla is planning on its cars being autonomous ride hailing vehicles. The original investors are all from liberal California and big supporters of democrats. Turn you attention to the politicians. Cohen in prison largely based on his taxi business becoming worthless. TAX EVASION
Source: CNN - 🏆 4. / 95 Read more »
Uber, Lyft strike hits LA, NYC, Boston, Chicago as drivers protest low wagesDrivers are unhappy with pay and work conditions at a time when Uber and Lyft are trying lure investors. They need to unionize and force those companies to respect their rights as workers. Good thing they’re “nonessential” Did this not start out as an extra income/part time and now driver that thought this could be a regular job expect,,let them quit there will always be others not so greedy willing to drive knowing there are no benefits in this package,,
Source: USATODAY - 🏆 100. / 63 Read more »
Uber and Lyft have made San Francisco’s traffic much worse, study saysRide-hailing services like Uber and Lyft are so popular in San Francisco that they have become the single biggest factor behind the city’s increasingly snarled traffic, according to a new report. Don’t the riders need to request the ride & pay for it BEFORE riding Or has Uber & Lyft changed their methods & become taxi-like? Who cares. San Francisco is a cesspool of drug needles and homeless feces. No wonder nobody wants to walk.
Source: latimes - 🏆 11. / 82 Read more »