Uber IPO: the rich people who will get even richer when the company goes public

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The ride-hailing app will have one of the largest initial public offerings in history on 10 May

They are the spoons full of sugar that make the bitter taste of capitalism go down. When billion-dollar technology startups go public, the media tends to dig up a feel good story about some unlikely figure who stands to strike it rich. For Facebook, it was the graffiti artist who took his fee for decorating the company’s headquarters in stock options and ended up with shares worth $200m.

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Repeating history NOT innovation IPO

UberSucks

Uber lost more money last year than Trump lost in the 80s.

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