- Did Uber investors actually lose money? Press is saying Uber investors lost money. Is that actually correct? I can't imagine late stage investors put money in without preferences so they get their money back. But maybe they were actually that dumb? At last, the house of cards begins to collapse...
- Why has Lyft stock reached the new low? Are investors selling Lyft and going to buy Uber instead?
- link Uber’s IPO caps an era of mediocrity and small thinking in Silicon Valley Uber debuted below its IPO price on Friday and ended up down more than 7%, crawling across the finish line with a valuation below $80 billion. That’s a far cry from the $120 billion that was floated as recently as December. Founders and early investors will still going to get spectacularly rich, bu
- Uber regret: what’s it worth now? Props to Uber (and their investors), first of all. I dismissed Uber’s viability in 2009/2010 when 3 acquaintances joined the company right out of college in ops/bizdev/bizops roles. Hindsight is always 20/20 but I really regret not speaking to Uber back then when I had the chance. :/ The acquaint
- Uber rentals Any thoughts on a business model where you buy a few cheap cars (sub $15K that can go for another 100K miles) and then hire minimum wage drivers make profits? Drivers have to hit certain number to earn additional commission. Win win for drivers who can't afford to lease or but car and for the inves
- vote Which is more evil, Uber or Lyft? Lyft appears to be a nicer guy, but from the ipo, it seems the same evil guy, or worse. 1) lyft ipoed at the highest possible price, making early investors exit with huge profits at the expense of everyone else. Uber at least lowed the ipo price and appears less greedy. 2) lyft’s driver award is un
- vote Is Uber IPO poised to fail? Tech is definitely taking over brick and mortar. But the race to do this is littered with failed startups that burnt investors cash. Among Ubers competitors, Waymo is on the verge of unveiling driverless taxi service. Even if it doesn't launch the service in the next four years, it's possibility wil
- vote are investors forcing companies to ipo? uber, lyft, zoom, pagerduty, beyondmeats, fastly, crowdstrike, swav... etc all these companies have IPO’d recently. There are more to this list, which I have probably missed. Does this mean investors want to cash out by this year or in the next few months? and does this mean a definite recession so
- ELI5: Why would you strike against Uber? Uber is a for-profit company, not a charity. Its duty, first and foremost, is to increase the value for its investors (otherwise why would anyone invest in it?) If you are an Uber driver and your pay is very low, why are you driving for Uber? Why are you driving a cab? There are plenty of skilled j
- link Disrupt the Disrupters https://gizmodo.com/its-time-for-uber-and-lyfts-white-collar-workers-to-ste-1833615067 “I am an Uber employee and I support the drivers’ strikes. The strikes called on Monday by Rideshare Drivers United (RDU) in Southern California and Gig Workers Rising in San Francisco are a sign of the deep fru
- link The peeps who matter at Lyft Good write up from The Information. The People Who Matter at Lyft Below are 104 of the top employees at the ride-hailing company, including operations (the biggest group) and two organizations that are gaining importance within the company—growth and autonomous vehicle research. Employees a