Uber filed for IPO!

Google 0mMenN
Dec 7, 2018 111 Comments

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TOP 111 Comments
  • Northrop Grumman iCallBS
    Terrible timing
    Dec 7, 2018 10
    • When sheepl worry about a recession, it will not happen. When sheepl blame a 10% correction on a president after a 40-50% rally since election doesn’t sound right
      Dec 8, 2018
    • Pivotal mkjb77
      The correction we've seen is largely expected. Trump has done things that have certainly helped the market. Still Trump's trade war is undoubtedly affecting the market right now.
      Dec 8, 2018
    • Microsoft Jeph Bezos
      Perfect timing. Wtf are you talking about?
      Dec 8, 2018
    • LinkedIn kJsW51
      Trump helped the market but now he’s messing it up bc of trade wars. He’s got a role in both scenarios.
      Dec 10, 2018
    • Facebook FbECS
      Trump has helped the market until he kicked off the trade war. That plus the fed interest rates are hurting the market.
      Dec 10, 2018
  • Lyft frxd02
    Uber is indeed desperate!
    Dec 7, 2018 11
    • Uber / Eng
      sight

      Uber Eng

      PRE
      Facebook, Cisco
      sightmore
      The U.S has experienced the longest expansion in history. A recession/correction is due.

      For both Uber and Lyft, this timing is good for the VCs who can cash out on day 1. Not sure if it’s good for the employees though.
      Dec 8, 2018
    • Microsoft Mofos
      I would buy Uber. Lyft will go out of business
      Dec 8, 2018
    • Cruise Automation Kv
      Sight!!! ❤️❤️❤️
      Dec 9, 2018
    • Facebook FbECS
      Recession is good for uber and other sharing economy companies . That will push more people to drive when layoffs happen. This lowers the price of rides and increase transactions and over all revenue.
      Dec 10, 2018
    • Uber / Eng
      sight

      Uber Eng

      PRE
      Facebook, Cisco
      sightmore
      @FbECS, exactly! It’s going to be interesting since this new market has never been through a recession. But previous recessions suggest that the ridesharing market will do well.
      Dec 10, 2018
  • Finally we can sell short Uber!!!
    Dec 7, 2018 8
    • VMware BobbleHat
      @suckerborg you clearly have no idea how investing works
      Dec 8, 2018
    • Twitter / Eng T Rex
      Take emotion out of investing, you are in it to make money. I have about $100k set aside on this play, be patient, lot of $$$ to be made.
      Dec 8, 2018
    • Stay at VMWare. You will retire when you hit 65, assuming you still have a job. Meanwhile I’m already having my financial freedom.
      Dec 8, 2018
    • VMware BobbleHat
      @suckerborg sounds like you are trying to insult me but it isn’t clear. You should learn about business before pretending to know something. Uber can imidiatly make a profit any day.. but cutting off -investment- and taking a profit means the business growth will dramatically slow down and will allow other companies that are willing to invest in the future(otherwise known as taking a loss) will be able to grow faster and capture the future market. Think about what is the purpose in investors putting money into a company. It isn’t so the money can sit in a bank account. It is there to be spent for future growth. This is investing.
      Dec 9, 2018
    • Facebook noogler7
      @T Rex: how you gonna play with $100k? What do you incline to: going long or short or not certain yet (of course time can only determine the right call)?
      Dec 9, 2018
  • Uber / Eng Weeet
    “Uber had 69% of the U.S. market, while Lyft had 28% as of October, according to Second Measure, which tracks credit-card spending data.”

    Lyft said they have 35% market share in the US and CAN though.
    Dec 7, 2018 6
    • Microsoft Mofos
      Lyft sucks
      Dec 8, 2018
    • Cisco / Eng
      gurdeep👳

      Cisco Eng

      PRE
      Cisco, Apple
      gurdeep👳more
      They all suck.

      But hey! IPO!
      Dec 8, 2018
    • Microsoft Mofos
      Lyft is the worst though. Lots of stupid estimates
      Dec 8, 2018
    • Facebook FbECS
      I prefer lyft platform to uber
      Dec 10, 2018
    • Google oops&
      Lyft service (eg, quality of drivers/cars) is generally better than Uber.
      Dec 10, 2018
  • Citibank / Finance $$>RSU
    Confidential? 😂

    Now they’re following lyft. They filed their paper work earlier this week.

    https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSKBN1O51AA
    Dec 7, 2018 1
    • Uber nibbles
      Just like Uber Pool followed Lyft Line, Uber got all the press. Sorry Lyft.
      Dec 7, 2018
  • Uber nibbles
    Wow this is already posted in about 20 subreddits, Lyft news spread a lot more slowly. Big dog coming through, woof 😎🐶
    Dec 7, 2018 1
  • Uber Deer
    Desperation time setting in... probably the best move though at this point
    Dec 7, 2018 0
  • AngelList sFlp34yfee
    I Hope everyone has rent control
    Dec 8, 2018 0
  • Uber nibbles
    👁WOKE👁
    Dec 7, 2018 0
  • Facebook / Eng costa24
    Fuck!! I had Uber and FB offer and I went with FB 3 years ago. Fucking regret it
    Dec 8, 2018 10
    • Facebook / Eng costa24
      $550k ish ;)
      Dec 8, 2018
    • Proofpoint / Eng foodtruckj
      Great TC
      Dec 8, 2018
    • Intuit CowsRfuzzy
      I had some friends at ServiceNow before IPO. They're still at ServiceNow even though they're multimillionaires now.
      Dec 8, 2018
    • Pinterest Dhdjdnnfux
      L7 at Amazon is amazing. Can I dm for some tips?
      Dec 8, 2018
    • Amazon / Eng smsn sns
      Still is right time
      Dec 8, 2018
  • Facebook Asad
    New wave of millionaires! Housing market will boom
    Dec 8, 2018 1
    • Snapchat MiseryLife
      I don’t think everyone will buy. Millionaires can’t afford houses after tax.
      Dec 8, 2018
  • Nvidia Gngk
    All I can say is that 100 billion for Uber is highly over valued . They are gona crash big time.
    Dec 8, 2018 3
    • Citibank / Finance $$>RSU
      That’s what they said about FB when it was worth 50 billion pre-ipo. It’s market car today is nearly 400 billion despite the drop.

      What’s more intriguing is cash flow. Can it sustain its operations net positive at current ride-share rates. Most of the “experts” say it’s not possible.
      Dec 8, 2018
    • Amazon LoanerBadg
      That was back when FB didn't have as much advertising revenue.
      Dec 8, 2018
    • Nvidia Gngk
      Facebook and social networks have ‘first to market’ advantage. Unlike Uber or other ride hailing services where customers always will look out for other ride hailing services which are cheaper than the current ones. Customers are less sticky to something like Uber compared to Facebook
      Dec 9, 2018
  • SAP kbron
    Bad timing. They missed the last Buble, welcome to the real market conditions Uber/Lyft/Airbnb
    Dec 8, 2018 0
  • Booz Allen Hamilton / R&D
    WillGoMars

    Booz Allen Hamilton R&D

    PRE
    Informatica
    WillGoMarsmore
    Amazon/Google can start ride sharing company and can kill these two puppies.

    No Drivers No Business.
    No Riders No business.

    Waymo can replace drivers with driverless cars.

    No Drivers No Problem
    No Riders No Business
    Dec 8, 2018 3
    • Sierra Wireless / Other
      ElGoogle

      Sierra Wireless Other

      BIO
      I work at sierra wireless
      ElGooglemore
      Imho 100% of cars would have to be driverless to be foolproof. So developing, non-white nation's will leapfrog the USA.
      Dec 8, 2018
    • Microsoft Mofos
      Yeah good luck with that. self driving in a reliable way is about 15 years away. And Uber also has self driving tech.
      Dec 8, 2018
    • Uber lost a B
      You should start shorting Uber next year in anticipation if you have enough principal for the next 20 years. It might work out.
      Dec 8, 2018
  • Google TK .
    Great timing... extract some cash to weather the upcoming downturn.
    Dec 8, 2018 1
    • Citibank / Finance $$>RSU
      You’re going against common wisdom at the Faang. This time it’s different.
      Dec 8, 2018
  • It’s so irony, the folks who actually put their sweat and blood are not going to be rich incase of IPO success with all the odds. My Uber driver yesterday said he lives close to Yosemite and go back home every four days, sleeps in car. Seriously? They are the one for the Uber/Lyft to succeed and they will be much poorer since these companies are trying to get rid of them. Unlike other IPOs, the rich employees will become more fat with Drivers’ sweat and blood. https://www.forbes.com/sites/eriksherman/2018/12/08/uber-and-lyft-ipos-will-make-many-people-rich-but-not-the-drivers/amp/ . It’s NOT fair! Wait a minute, and majority of Lyft/Uber employees travel by public transportation to work ... Because they know their own ride services are fucking expensive and not convenient.. Hipocrites :)
    Dec 10, 2018 0
  • Clover Network
    iaJT60

    Clover Network

    PRE
    Google
    iaJT60more
    I am shorting it
    Dec 8, 2018 0
  • New
    nYsJ38

    New

    PRE
    Google
    nYsJ38more
    Uber has not generated even $1 in profit.... they are banking on staying around until they can fully depend on autonomous technologies to finally get rid of those pesky human operators... if Uber can’t continue to artificially sustain its inflated value, be prepared for a surprise collapse, or at best, a surprise acquisition by logically Amazon, which would immediately seek to activate the operating fleet for delivery purposes in addition to transportation services.... give it 2 years and we will see this play out soon enough.
    Dec 14, 2018 1
    • Intel / Sales x86dude
      ☝🏻
      Dec 14, 2018
  • Being non profitable and losing billions, no tangible assets, Waymo’s competition with self driving cars, nearing recession, already subsidized trips, struggling self driving units, incredible cash burnout - with all these it takes at least 10 months for employees to cash out RSUs with 40% tax and a lot can happen in between. Good luck to them ... However, leadership folks are real gainers irrespective of above factors as they can cash out immediately
    Dec 9, 2018 0
  • Lending Club “!,-
    Buy put options on both Uber and Lyft after IPO
    Dec 9, 2018 0