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Re: Ubers Ponzi Market IPO Debuts as a Big DUD

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Message 1 of 13

@KidBoy2 wrote:
retiredtraveler posted...

"...It's a Scam...".



It's not a good company, but not a scam for the simple reason that everyone can see their numbers. There is no hiding anything. It's all public. Everyone can see who owns the shares, valuations, and all the details of the company. The 'experts' don't count. Anyone can decide after due diligence if this is a worthwhile investment for the long term or not.

=======================================================

And people have a choice as if they want to put their money into any stock. That a good thing.

Yeah Very True - the Same People Who put their Money into Mortgages they couldn't afford and then those Mortgages were Sold to Investors who had a Choice but not the Quality of Information or the Honesty of the Information to make a Informed Choice

 

Thats Because the People in Charge of Providing the Information are all Liars & Crooks

 

Thats a Ponzi Market

 

The Stock Experts the Financial Analysts Were Pushing a Company - UBER - that has No Employees - No Debt-free Assets - that makes No Profit - as being worth 100 Billion dollars in a IPO

 

Aren't you Folks in the same Group who Believed Trump was a Great Businessman Because

 

1. Trump Told You He Was

 

2. You saw him on a TV Show - firing people

 

Losing a 100 Million a Year of Other Peoples Money for 10 straight years - Doesn't make you a Great Businessman - it makes you a Con Man

 

You can't make a Informed Decision on Anything if all you're being Fed is Lies and Illusions

 

Do a Google Search on Theranos - Enron - Dennis Kozlowski - Bear Stearns - American Freedom Mortgage - Catholic Buiding Society - Lehman Brothers - Fannie Mae & Freddie Mac

 

Then ask yourself WHY 100's of Financial Institutions were involved in Criminal Financial Schemes that Collapsed the Entire Global Economy and No One Went To Jail?

 

It's a Ponzi Scheme - People who get in First Get all the Money and the People who get in last provide it - until the Entire House of Cards Collapses from the Greed of all involved

 

Facebook Sells Ads to our Enemies to Try and Destroy Our Country and People on this Forum Hold them up as Pillars of the Community and Exemplars of Financial Success

 

Zuckerberg is nothing more the a Money Grubbing Elitist with No Morals No Values No Patriotism No Concern for anyone or anything but Power & Money

 

 

 

 

 

 

( " China if You're Listening - Get Trumps Tax Returns " )

" )
" - Anonymous

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Re: Ubers Ponzi Market IPO Debuts as a Big DUD

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Message 2 of 13

@retiredtraveler wrote:

@gordyfl wrote:

"....day I saw a clip about Uber's future plans. It was something like the video below.

Is it a hype?...".

 

It remains to be seen. 

 

"...Uber spent $457 million on self-driving and flying car R&D last year. ... R&D costs at Uber ATG, the company's autonomous vehicle unit, its eVTOL unit Uber Elevate and other related technology represented one-third of its total R&D spend. Uber's total R&D costs in 2018 were more than $1.5 billion...".


It's a Giant Money Laundering Scheme - all this Money Floating Around - how come Uber can't pay their Drivers a Decent Living Wage & offer some Benefits?

 

Drivers now are mostly Dead-enders themselves looking for a Get-rich Scheme without doing any real work - No Criminal Background Checks - No Vehicle Inspections or Insurance - it's a Scam - how many more people have to Raped & Murdered by a APP simply designed to make a few people a Lot of Money

 

Autonomous Vehicles - Yeah Keep Pushing That as a Legitimate Pipe Dream - even the Experts agree Autonomous Vehicles Driving on City Streets are Decades away - are you going to let your kids ride their Bicycles to the Ball Field with Computers Easily Hacked Driving Cars?

 

Robotics and Artificial Intelligence are fine in a controlled environment like Space or Factories - the Public is going to be very SLOW in accepting 10 Ton Vehicles driven by Computers that can be hacked into easier than Voting Systems

 

 

 

 

( " China if You're Listening - Get Trumps Tax Returns " )

" )
" - Anonymous

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Re: Ubers Ponzi Market IPO Debuts as a Big DUD

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Message 3 of 13
retiredtraveler posted...

"...It's a Scam...".



It's not a good company, but not a scam for the simple reason that everyone can see their numbers. There is no hiding anything. It's all public. Everyone can see who owns the shares, valuations, and all the details of the company. The 'experts' don't count. Anyone can decide after due diligence if this is a worthwhile investment for the long term or not.

=======================================================

And people have a choice as if they want to put their money into any stock. That a good thing.
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Re: Ubers Ponzi Market IPO Debuts as a Big DUD

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Message 4 of 13




The headline from Mick's link...

U.S. NEWS 05/10/2019 08:33 pm ET
Uber’s Market Debut Disappoints: Most Anticipated IPO Since Facebook A Dud
The ride-share company’s initial public offering did not meet expectations.

-------------------------------------------------------------------------------------------------

I see that Mick called our stock market "Ponzi Market"...that is not true!!!

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Re: Ubers Ponzi Market IPO Debuts as a Big DUD

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Message 5 of 13

"...It's a Scam...".

 

It's not a good company, but not a scam for the simple reason that everyone can see their numbers. There is no hiding anything. It's all public. Everyone can see who owns the shares, valuations, and all the details of the company. The 'experts' don't count. Anyone can decide after due diligence if this is a worthwhile investment for the long term or not.

   And it certainly is capitalism. You may not like the company, think the management are all greedy so-and-so, but they created a phenomenon that 100 million people use worldwide. They're a multinational. They have 16,000+ employees worldwide (regardless of how poorly they may be treated). If that's not an example of capitalism, I don't know what is.


"...Why is everyone a victim? Take personal responsibility for your life..."
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Re: Ubers Ponzi Market IPO Debuts as a Big DUD

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Message 6 of 13

@gordyfl wrote:

"....day I saw a clip about Uber's future plans. It was something like the video below.

Is it a hype?...".

 

It remains to be seen. 

 

"...Uber spent $457 million on self-driving and flying car R&D last year. ... R&D costs at Uber ATG, the company's autonomous vehicle unit, its eVTOL unit Uber Elevate and other related technology represented one-third of its total R&D spend. Uber's total R&D costs in 2018 were more than $1.5 billion...".


"...Why is everyone a victim? Take personal responsibility for your life..."
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Re: Ubers Ponzi Market IPO Debuts as a Big DUD

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Message 7 of 13

@retiredtraveler wrote:

"....UBER IS A APP - NO EMPLOYEES - NO REAL ESTATE - NO REAL VALUE - It's a GPS App...".

 

Yeah. And so are all the other apps that people have made a great deal of money on. Think Facebook. Traditionally, one only invested in stocks that had tangible assets. That changed in the information age.

   I'm not investing in any rideshare companies myself, but they are 'going concerns' that bring in cash as so many apps do. You have to look at revenue and earnings of these companies (and see if you believe positive rev and earnings will continue) to invest in these companies.

   Uber has 91 million monthly, active, consumers. But they have a number of issues hurting them. Point is, it's not Ponzi. It's a business, and they are having problems with several areas of the business and may not be profitable over the near term.


All The Apps - There Are Millions of Apps

 

There are a Handful of Profitable Apps

 

Here's the best part - those Handful of Profitable Apps - either Consume or Annihilate all Competitors

 

So call it whatever you want - it's certainly not Capitalism

 

It's a Scam

 

For a year the experts had been calling Uber a 100 Billion $$ IPO - trying to scam people into buying their stock so the handful of owners could pocket Billions

 

Yeah Facebook makes money - selling US Democracy killing ads to Russians

 

FB Zuckerberg still owns over 60% of FB Stock - it's a Scam

 

 

 

 

 

( " China if You're Listening - Get Trumps Tax Returns " )

" )
" - Anonymous

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Re: Ubers Ponzi Market IPO Debuts as a Big DUD

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Message 8 of 13

@afisher wrote:

"..Apparently some here over-looked the detail:    Uber drivers called for a strike because their gig job doesn't come close to minimum wage.    A study broke yesterday that one of the calling cards was supposedly that Driver apps reduced congestion - is inaccurate and most importantly, Uber has never posted a profit.....".   

 

Yes. The 'play' here is if you believe their business model will work, eventually, and they will be profitable. Some analysts like it as an inexpensive way to get into it now, others say wait and see. What's good about going public is that there P&L's are out there for all to see.

   But they spend a few billion a year just on advertising, and other components of the company seem to be poorly run. You never know --- maybe new management on the horizon?


 


"...Why is everyone a victim? Take personal responsibility for your life..."
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Re: Ubers Ponzi Market IPO Debuts as a Big DUD

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Message 9 of 13

I've never taken an Uber ride, but I know some people who have. They seem to like it.

 

The other day I saw a clip about Uber's future plans. It was something like the video below.

 

Is it a hype?

 

 

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Re: Ubers Ponzi Market IPO Debuts as a Big DUD

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Message 10 of 13

Tough to get excited about a company projecting to lose billions for the foreseeable future.  We did that with the dot.com bubble. 

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