Uber future
I know that Uber's stock has been pretty shit ever since the start, can't blame market because of the amount of cash burn each Q, and profits so far sighted. Personally made decent money today because of early puts on U. However, i feel like the company does have a future, a solid one with whole bunch of side gigs they're attempting to be profitable. And the way everyone's jumping on them is despicable. FYI, Facebook back in 2012 was in similar situation and had same exact stories published for them. Look at the comments to see what I'm talking about. https://money.cnn.com/2012/07/27/investing/facebook-stock/index.htm https://www.cnet.com/news/facebook-shares-hit-new-low-of-17-58-as-bleeding-continues/ I understand that the model of companies are very different. Facebook sold all our data to every douche in the world and made money. Uber on the other hand, can't not pay their drivers. But I still think they have a formidable userbase and good tech available to them to solve problems.
CNETFB vs Uber *Grabs popcorn*
A social network encourages loyalty because everyone is on it. As soon as someone makes a cheaper service than Uber people will bail the fuck out. There is no loyalty in their customer base to drive price up
True. But there aren't many competitors in the market. And not many will be able to beat their price point. How many small shops do you see beating Amazon prices for products? It's a 2 horse race as of now in USA, and maybe 3 in Europe and India. But prices can't be astronomically different within the services to be viable financially. Uber has an upper hand for starting early.
Starting early means nothing, they have to continue pissing away billions to be price leaders to keep their base and growth. As soon as they try to jack prices up to try and be profitable or take more from drivers, people will leave
Probably because they fired the techlead. π
*Ex-Google tech lead
Iβm weeping tears for Uber tooβ¦they deserve better and the world is so unjust.
How are we looking for tomorrow er though :)
Maybe a 10-20% drop after the lockup expires
so op has short term puts and long term calls. get out of here with your pump and dump
Can't get emotional at market yo
Karma for many years of arrogant TC hores who flaunted their overvalued worth.
Just a small difference: β-βfor quarterly profit before 1b for Uber vs Facebook. Otherwise-almost identical π
FB was profitable at IPO. Uber loses 1B per quarter
Just wait until tomorrow!
Heh, those bags must be feeling pretty heavy right now
IV crush ate some profit but yeah can't complain for +47%