and uncertain path to profitability. Uber sold shares at the low end of its expected range last week and the stock is still trading well below its debut price.When asked if he was trying to differentiate WeWork's losses from the capital the ride-hailing companies spend on subsidies and discounts, Minson said, "that's a fair differentiator." Renting out work space is "a proven business model," he said. Memberships climbed to 466,000 from 220,000 a year earlier.
Still, WeWork's model continues to rely on heavy funding from private investors, namely SoftBank, which has poured over $10 billion into the company, including $2 billion this year at a $47 billion valuation. WeWork has to plunge cash into real estate in some of the most expensive markets and it makes money back over time as companies and individuals pay their rent, or membership.
But the public markets like to see profits when they're asked to pay such a high price. When Uber went public, it became
I'll wait until it is $5
Shared work space will be a commodity in years to come. It surprises me people invested it as this company will struggle to make money.
Trying to put any positive spin on negative numbers so not to scare investors
I know that's what I 'characterize my losses as' when my wife asks me 'what happened to the grocery money?' 🏇🏇🏇 WinPlaceShow
😬
246. Divided by the number of those suspected of felony theft. Is how much each? Then find where they hide/stash/spend it. Probably with the same companies they steal from. I saw it with my own eyes.
That’s one way to spin it I guess
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Questions Persist About About Uber’s Profits—And Its Stocks Fall FurtherWhen the market closed, Uber shares were trading well below the original IPO price. Fake news Uber sucks. They rip off their “independent contractors.” And Travis is the lamest of silicon valley’s tragically unhip.
Source: Forbes - 🏆 394. / 53 Read more »
The Uber IPO Makes A Trio Of Winners Even RicherUber’s trio of winners — Travis Kalanick, Garrett Camp and Ryan Graves— are the individuals reaping the biggest payouts from the IPO, even though they no longer run the company. Parasites. Monday the Democrat candidates will be there to take most of it. Gotta spread the wealth. From everyone’s pocket to the Democrat pockets. I know we are in the Trump, Giuliani, CocaineMitch era, but these guys are making a great case for the most hated men in the US.
Source: Forbes - 🏆 394. / 53 Read more »
Uber begins trading nearly 7% below its IPO priceNEW YORK (AP) — Uber began trading as a public company at $42 per share Friday, nearly 7% below its initial public offering price on an already volatile day for the markets. The ride-hailing... Meh. Not interested in stalker drivers IPO roller coaster will continue until the bell closes, then re-stabilize tomorrow hold fast! be a little more humane to the drivers... UberLyftStrike UberIPO uber
Source: AP - 🏆 728. / 51 Read more »
Uber drivers' strike takes off in front of company headquarters ahead of $90 billion IPORideshare drivers across the world are boycotting Uber for as long as 24 hours today, demanding fare increases and lower commissions paid to Uber. Or they could get another job I had 0 problem getting an uber today. Wouldn’t even have known there was a strike Striking on a company that isn't showing a sign of making money yet.
Source: CNBC - 🏆 12. / 72 Read more »
The Uber IPO Makes A Trio Of Winners Even RicherUber’s trio of winners — Travis Kalanick, Garrett Camp and Ryan Graves— are the individuals reaping the biggest payouts from the IPO, even though they no longer run the company. Amozon of movement. Bravo 👏 Over 99% of drivers got nothing tosynshawty _adeniyiS got some of that action?!
Source: Forbes - 🏆 394. / 53 Read more »
The Uber IPO Makes A Trio Of Winners Even RicherUber’s trio of winners — Travis Kalanick, Garrett Camp and Ryan Graves— are the individuals reaping the biggest payouts from the IPO, even though they no longer run the company. More misogynistic greedy white men This is why Americans are turning on capitalism. This amount is outrageous. Its crony capitalism
Source: Forbes - 🏆 394. / 53 Read more »