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Re: Ubers Ponzi Market IPO Debuts as a Big DUD

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   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.        The very fact that the price dropped below the amount that Uber flounted at the last Venture Capital of their net worth indicates that WS has been wrong for a while about inflated prices of private companies.   One has to wonder if that is one reason donald never took his any of his companies public.    

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Re: Ubers Ponzi Market IPO Debuts as a Big DUD

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"....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.


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Ubers Ponzi Market IPO Debuts as a Big DUD

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“That’s what you get when you don’t make a profit,” groused one trader, loud enough to be overheard. “If you don’t make money, people don’t want to buy you.”

 

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

 

Uber’s shares ended the day down 7.6% at $41.57, even as the S&P 500 reversed losses to end in positive territory. Only about a fifth of IPOs have ended their first day of trading in the red in the last two years, according to Dealogic data.

 

Uber priced its IPO on Thursday at the low end of its targeted range, hoping that approach would spare it the trading plunge suffered by Lyft.

 

Lyft ended down 6.9% on Friday, and is 28 percent below its IPO price.

 

Source - https://www.huffpost.com/entry/uber-market-debut-disappoints-ipo_n_5cd612d8e4b054da4e898a60

 

 

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