This is very insulting to the DRIVERS! They make around minimum wage after car, gas, insurance, wear & tear, etc. drivers need to form a Union. Uber
This would take some heat off Tesla?
This is not how IPOs work. This is an indication of a potential valuation. It is meaningless.
'All bad precedents began as justifiable measures.' - Julius Caesar
Tell us, given these 'unfair competitive advantages,' what is going to stop Uber from just 'using alter egos' to usurp market share in a wide array of industries? (sigh.) First the Taxi industry fell. (awkward pause.) Who's next?
In related news, Uber's 'promulgating 'laws'' confer UNCONSTITUTIONAL 'competitive advantages' from existing business forms. And what is in 'in it for the State' to do so? Obviously CORRUPTION is the motivation.
Lol!
Why are they being compared to automotive manufacturers? Weird.
For a business that seems to have low barriers to entry, this is absurd.
So you’re saying that number is a little over-inflated?
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Uber proposals reportedly value company at $120 billion in a possible IPOUber Technologies recently received proposals from Wall Street banks valuing the company at as much as $120 billion in an initial public offering that could take place early next year, The Wall Street Journal reported on Tuesday. And they don’t even own a single car. Toohigh ; that would put it right up there, with the bigdogs!!! FUNG So a taxi cab company is worth that much without even owning it’s own vehicles? I have spoken to a driver who says the pay stinks! Sooner, rather than later, profits will sink b/c drivers will demand more $. & if drivers really become smart, they’ll realize they don’t need Uber!
Source: CNBC - 🏆 12. / 72 Read more »
Uber proposals value company at $120 billion in a possible IPO - WSJUber Technologies Inc [UBER.UL] could be valued at $120 billion when it finally ... The company pays a shit wage, is not profitable & has performed many illegal activities, the world is mad Drivers use their own vehicles and waste alot of time struggling to make some money for living but in return the shitty owners get richer and richer. On the other end the drivers even loose the value of their vehicle due to the high mileage.
Source: Reuters - 🏆 2. / 97 Read more »
Uber proposals double the company’s value at $120 billion in possible 2019 IPOUber Technologies Inc. recently received proposals from Wall Street banks valuing the ride-hailing company at as much as $120 billion in an initial public offering that could take place next year, according to people familiar with the matter.
Source: MarketWatch - 🏆 3. / 97 Read more »
Uber IPO proposals value company at $120 billion - WSJRide-hailing giant Uber Technologies Inc [UBER.UL] could be valued at $120 billi... Great, can’t wait to see my income from the stock market bloom *oh wait For a company that has never made a profit that’s pretty good. Still a horrible company though... as long as people continue to not acknowledge the lack of sustainability in a business model that increasingly 'succeeds' by squeezing every penny out of its exhausted workbase, the IPO will go great!
Source: Reuters - 🏆 2. / 97 Read more »
Amazon and Alphabet set to lose more than $120 billion combined in market valueAmazon and Alphabet were set to erase a combined $121 billion in market capitalization Friday after both fell short of Wall Street's revenue expectations in the third quarter. Lose... It was funny money going in, it will be going out. Only question is...Are we getting the shocker or the show stopper to finish up 2018? $AMZN $GOOGL FANG
Source: CNBC - 🏆 12. / 72 Read more »