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Business Maverick: Uber Shares Are Quickly Approaching ‘White Knuckle’ TerritoryWith Uber Technologies Inc.’s shares plunging nearly 20% below its IPO price on Monday, the stock might be fast approaching a “white knuckle” territory, according to one Wall Street analyst.
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MARK BARNES: Don’t write off UberThe company epitomises the new value game
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Uber shares fall for second day after ill-fated IPOQuestions persist about company's ability to make profits
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Uber’s late IPO should be a warning for other unicornsIt’s easier to make changes when a company is smaller and more nimble, writes Nir Kaissar, but Uber waited too long to go public
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Business Maverick: Uber’s skid: Another perspectiveRide-sharing mega-giant Uber’s listing has been something of a calamity, and the conventional wisdom is that the New York Stock Exchange listing on Friday was infected by its rival Lyft and the market turmoil caused by the US-China trade war. But what if those are not the reasons at all? Consider this for an alternative perspective: Uber is two contradictory things simultaneously – definitely the future, and also uninvestable. Is that even possible? Read on.
Source: dailymaverick - 🏆 3. / 84 Read more »
Uber’s watershed IPO disappoints as stock sinksShares in the world’s largest ride-hailing company were at $41.57 on Friday, well below an anticipated conservative $50
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OPINIONISTA: It’s in your hands now, Mr Ramaphosa — let the nation-building beginPresident Cyril Ramaphosa has a daunting to-do list, starting with taking concrete steps to revive the ailing economy, clamping down on corrupt ‘big fish’ in both public and private sectors, streamlining the government and improving governance, boosting small business and ensuring meaningful transformation.
Source: dailymaverick - 🏆 3. / 84 Read more »