Uber IPO - May 10

Airbnb SPUrQv
May 9 236 Comments

How do you think Uber will do?

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TOP 236 Comments
  • New / IT xizX84j
    It'll sink like the Titanic
    May 9 9
    • Microsoft / Eng gujedi
      Not sure it'll make as many millionaires as you think. They withheld around 36 percent of stock at ipo for tax withholding. When people sell in 180 days, if you assume the price doesn't change, people will find the withholding was low so will owe another 12 percent federal and a few percent Cali. You'd need over 40k shares to net 1 million. How many Uber employees have more than 40k vested rsu?
      May 10
    • 🖐
      May 10
    • New / Eng DEV_ENV
      Taxi drivers should leetcode and join next startup. Self driving cars will make them obsolete anyway.
      May 10
    • Unity / Mgmt thugelmo
      This comment aged well
      May 10
    • Microsoft / Product
      Brazuka

      Microsoft Product

      PRE
      Bain & Company
      Brazukamore
      Taxi was a disgusing monopoly and terrible service in most places. Unless they actually owned the medallion (instead of renting it), taxi didn't make more than uber drivers. Not to mention how inefficient it all was of them driving idle and useless radio dispatch center.
      May 10
  • Juniper 404 found
    Sink like a piece of big shit
    May 9 28
  • LinkedIn vfgh215
    Go up until the first earnings call. Good luck from there lol
    May 9 12
    • Why can’t we all just be friends?
      May 10
    • Akamai Technologies VmQQ44
      @n0v finally something we agree on. Apple hasn’t innovated since Job’s death. Really the only thing Tim has managed to do is cultivate a safe space culture for SJWs and perfect virtue signaling at the expense of innovation.
      May 10
    • VMware GDqX68
      @DoubleD33 What? 3 years ago it was already valued at $48 a share??
      May 10
    • Google / Eng tnxU67
      Yes, the valuation in 2016 was actually higher than 2018 IIRC.
      May 11
    • Apple lapy
      You can just built the right product and nail it. Example Apple Watch, pay, music. Btw someone saying apple is living on mercy of iPhone. How can someone be so dumb ? iPhone is apple product, if no apple there will be no iPhone. How many products apple has ? Do I ever count ? Apple doesn’t go with prototypes like Samsung folding phones and then retract them. Apple strikes it when the right time. You guys won’t understand the philosophy. Bs
      May 11
  • Google aiqqu
    People who got offers in early 2019/late 2018, what was RSU valued at?
    May 10 17
    • Adobe jjjx12
      In what year?
      May 10
    • Amazon
      ram76

      Amazon

      PRE
      Microsoft
      ram76more
      What’s your TC at Adobe? How many yoe?
      May 10
    • Microsoft yesterda
      My recruiter lied and said 80$ in feb 2016 , though I left after a year
      May 10
    • Adobe jjjx12
      Ram76, 130k, but my TC was 60k last year. 2 years of experience. I don't live in Cali though.
      May 10
    • Uber kPCK48
      End of '18 $40
      May 11
  • Bloomberg bbnhg
    Pop for first couple of days and then stabilize later around the IPO price.
    May 9 2
    • I like to think it’ll stabilize above IPO price but perhaps I’m biased
      May 9
    • Dropbox dbxla999
      Well what makes you think that? Not trying to doubt you but it’ll be helpful to defend your line of reasoning
      May 10
  • Tesla dhfjedofks
    This thread is funny one guy says it’s going to sink then the reply like is hahah fuck you look at your company.
    May 9 3
    • Uber Uberer
      🙂
      May 9
    • Google
      EIon Musk

      Google

      PRE
      Amazon
      BIO
      TesIa CEO
      EIon Muskmore
      Classic straw man
      May 10
    • VMware yogiman
      That sums up pretty much every thread here
      May 10
  • Anaplan / Eng ndjrufh234
    Uber is too big to fail. Can you imagine trying to get a taxi the old fashion way?

    The drama and tariffs with China make this a bad week to IPO.

    Long term UBER will be more like TSLA. Burning through tons of cash but still attractive enough for investor to want to feel it’s tits.
    May 10 9
    • Anaplan / Eng ndjrufh234
      During the last recession in 2008 the government bailed out the auto industry and several private companies like GM.

      The auto industry indirectly supports the economy through auto salesman, factory workers, suppliers etc.

      It’s the same with Uber, there are too many drivers that rely on this for income for it to fail.
      May 10
    • Oath OPnd70
      Did you not see them protesting pay? What do you think is going to happen in the next recession? You think they’re going to pay drivers more? Who is going to buy an Uber?
      May 10
    • Anaplan / Eng ndjrufh234
      The same people that buy a taxi. Uber is not a luxury item. It’s transcended to being a verb and normal means of transportation.
      May 10
    • New / Product IGzi05
      Followed the conversation, Irrespective of which Uber is solving commute problem what respective govts failed to address, Enabling local commute.

      Incase of a recession, You would rather take an Uber than take a loan and buy a car

      Uber as a brand could lead this growth across nations.
      May 10
    • Microsoft yesterda
      Feeling tits - well that’s a great use of those two words in a sentence. I basically forgot what I read after those 2 things and they are stuck to me - I will use it in future
      May 10
  • CBS Interactive t1c
    Everyone bashing Uber, we need to understand this: someone has to die for someone else to prosper. Some people in the Middle East has to die for the West to control oil prices. It's the order of nature. More humans on this planet = more animals getting wiped out/killed for food.

    Uber hasn't done anything particularly wrong except capitalise on a market that didn't exist and provide end users with an excellent service that didn't exist before. You lose something to get something.
    On ethical grounds, they are no different than Amazon.

    Congratulations to all the hard working engineers and architects at Uber for building an excellent platform so Dara & his big wigs can cash in 300x on your hard labor!
    May 10 2
    • CBS Interactive t1c
      Let's not forget, the "noble" Alphabet aka Google has over 5% ownership at Uber
      May 10
    • Salesforce pmyz88
      Especially given Dara did nothing and will make a lot of money ..
      Many latecomers will indeed make ton more than original hard working employees
      May 11
  • Dell mlDf77
    Uber touch 52 tomm... mark it
    May 9 4
    • LinkedIn vfgh215
      Not looking good
      May 10
    • Amazon zmrR08
      How do I short your opinions from now on?
      May 10
    • Oracle vvundela10
      38 by next week
      May 10
    • Bronto Software / Sales w204c63
      If this becomes true.... god damn. Currently at 41.57
      May 11
  • Dell mlDf77
    It will pop ... super pop tomm... be ready at 6:30am pst if u dont want to miss the bus
    May 9 3
    • Google 500513
      That was the smallest pop I ever saw at ipo
      May 10
    • Twilio ahoyahoy
      "negative" pop
      May 10
    • Apple / Eng gtUh6$
      If poop going out is positive poop, the negative poop is what I think it is?
      May 10
  • Amazon
    ps.ily

    Amazon

    PRE
    Google
    ps.ilymore
    This says all you need to know
    May 10 4
    • A perfect example of cherry-picking stats. You've contributed nothing to the conversation, I award you no points and may God have mercy on your soul.
      May 10
    • Facebook уes
      Pretty clueless stat by itself. How about the size of the market? Surely lots more riders.
      May 10
    • And don't stop the data at 2 years ago. A lot has happened in that time.
      May 10
    • Yelp / Eng sJJv80
      Where’s EBITDA in these stats?
      May 12
  • Google policies
    Wall Street valuation expert pegs stock at $20-25. He was right about Lyft till it sunk even more.
    May 9 5
    • Twitter / Eng
      levels.wtf

      Twitter Eng

      BIO
      Definitely Jack Dorsey
      levels.wtfmore
      Not saying Uber is gonna fly high but analysts are bull shitters with English degrees. These people need to be hung by their four brain cells.
      May 10
    • Google policies
      Well the stock on day 1 just proved him right partially.
      May 10
    • r/wsb isn't "experts"
      May 10
    • Twitter / Eng
      levels.wtf

      Twitter Eng

      BIO
      Definitely Jack Dorsey
      levels.wtfmore
      How does a 7% drop equal proving him right. They are claiming a 50%+ drop.
      May 10
    • Google policies
      Wait. Didn't I write partially? He was spot on for Lyft and then Lyft skidded even more.
      May 10
  • Facebook htoi88
    I don't understand what the unique value proposition of Uber is. It is currently not a profitable business. People and driver's will easily move to another service if they offer better rates. Their maps suck. They are not the leaders in the self driving tech.

    The IPO feels like Ubers way of making the employees rich for their efforts to get cheap rides for everyone so far.
    May 10 3
    • Zillow Group TKact2345
      IPOs are supposed to be a funding round, just with the public rather than private investors. So it doesn’t necessarily make sense for a company to be profitable at IPO, they should theoretically still be focused entirely on growth.

      But I agree that there is no first-mover advantage in ride-sharing. Uber May have just cleared a path (costly legislation/regulation changes) for others to blaze through.
      May 10
    • Facebook уes
      I think Uber amassing and keeping a good staff of engineers is a part of the competitive advantage to expand into new businesses and pivot which is crucial to growth play
      May 10
    • New / Eng / ÷
      I think IPOs happen when next round of financing is no longer attractive to private capital in terms of ROI/risk.
      May 10
  • Bloomberg / IT mwbf58
    Is it a good time to join Uber. I have an offer from them 😅
    May 10 5
    • New / Eng 4everalone
      you can wait it out and see how it goes
      I was able to stall my offer for 2 whole months before rejecting.
      May 10
    • Bloomberg / IT mwbf58
      It'll be 1 month next Friday! So yeah, I'll stall. Thank you
      May 10
    • Facebook whentostop
      They usually extend offer with 1 week ‘deadline’. What it means is that they hold the position for you for one week. If deadline is due and you don’t accept, they will hand out offer to others. If they don’t have other candidates or other candidates decline their offer then yes, most likely they will still take you if you decided to join latter. But there is a chance that the position could be gone and they are hiring by position so your offer is no longer valid in that case.
      May 10
    • Bloomberg / IT h6f9g8s6k
      ☹️ really? Shit. I'm worried now. :/
      May 10
    • Microsoft yesterda
      No
      May 10
  • LinkedIn Zeiwkf5
    Hypothetically: if an Uber employee quits today, can they sell right after or are they still subject to 6 month lockup?
    May 10 3
    • Amazon KULL00
      Lockup applies.
      May 10
    • Uber aOhM84
      Still subject to the 6 month lockout.
      May 10
    • Atlassian / Ops YeIi10
      Lockup also applies to anybody who's left before IPO, as long as their RSUs are otherwise vested.
      May 10
  • Salesforce awscli
    Priced on low end of range to bait plebs. Can’t wait for options to open.
    May 9 6
    • Salesforce awscli
      Options? Maybe a week or two.
      May 10
    • Salesforce DUGE25
      Are you planning to short?
      May 10
    • Careem UkOj63
      I am going to short in a week or two. Missed Lyft, now they dropped 40% - probably still room to drop
      May 10
    • Salesforce pmyz88
      A lot more room to drop ..
      Employees will be crying when it is over ..
      May 11
    • Salesforce awscli
      Booked 61st floor for private speculation party
      May 11
  • New SBgg50
    Layoff are coming
    May 10 0
  • Amazon / Finance ggrrddee
    Uber should rename itself into Under ;)
    May 10 6
    • Amazon / Finance ggrrddee
      It's missing the ü dots to qualify for unter. That's why I suggested under...
      May 10
    • Microsoft dgvhurhbjt
      When the U is capital, it doesn't take the dots
      May 11
    • Amazon / Finance ggrrddee
      That's not correct. Über would be the right version if it was used as a noun in German. There is no Uber or uber in German. But Über as noun in German has a connotation of the Nazi term Übermensch which was the first thought I had when I heard the company name for the first time some years ago...
      May 11
    • Microsoft dgvhurhbjt
      Oh I always thought otherwise somehow. Is it possible that a lot of people don't put the umlaut on capital letters? Don't know how I got this in my head if not. Thanks for educating me :)
      May 11
    • Amazon / Finance ggrrddee
      If people omit the dots on capital or lowercase letters (due to lack of keyboard or glyphs to print) they will need to append a lowercase e after the umlaut character, like Ueber instead of Über. Which is semi-correct German spelling, but generally understandable and acceptable ;)
      May 13
  • Facebook tRH5kn
    People who joined 2017 March-ish, around the negative news cycle, what was your grant value (per stock and total)? I think they raised the total then
    May 10 0
  • Townsquare Media triplef
    Winter is coming for Uber.

    By the time lockup expires in 6 months Uber employees may not have a bucket to piss in.
    May 11 2
    • Facebook уes
      Maybe, but at least they are not dicks working at Townsquare Media. That’s equivalent of being the bucket of piss
      May 11
    • DoorDash ayU68hq
      Why are you so sour triplef? The people working there didn't do any harm to you did they?
      May 11