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As a Driver, will you buy Uber or Lyft stock when it becomes available?

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Wes
1581 Rider Driver
 Posted 1 year, 5 months ago

It appears both Lyft (which has already initiated the paperwork to go Public) and now Uber is rushing to follow, will go public in 2019.  This means stock will be available to anyone that can afford to invest.

Which begs the question - will you, as a driver that truly understands how Uber/Lyft operate, be willing (assuming you're financially capable) to invest in Uber or Lyft stock?  Do you feel it's a good long term investment, and if so, why?

As a driver myself, I certainly appreciate that anyone driving Uber/Lyft full time as a primary source of income will most likely not have the financial wherewithal to invest in the company, so let's say hypothetically, if you could do so, would you, and if so, why do you feel it will be a good investment?

Comments

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    joeyj
    426 Driver Rider
     1 year ago

    if I had money to throw around... no. I'm not dumb.

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      dmitryborisov333
       10 months ago

      Yes, I agree. The problem with Uber or Lyft that they have nothing except the app and a bunch of greedy people. Drivers who drive with Uber don't like how they are treated and because Uber and Lyft robber them. They charge riders up to 160% more money than they pay to the drivers! People drive with Uber only in a difficult situation when they need a cash. Nobody from them intend to drive with Uber if they will get another source of income. Because this is a hard not profitable job. All money what they get this is really a payment for depreciation of their cars. Other thing that this app what Uber and Lyft have created is a really simple app. On Kickstarter have already started a new peer to peer  Free Global Transport Sharing App witch will eliminate a middle man and kill Uber and Lyft instantly. So, if you don't want to loose your money, don't buy Uber or Lyft stock! Or sell it or take a short position if you already bought it.

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    Bigfrank
    433 Rider Driver Driver
     1 year ago

    You are better buying a low cost index fund because I'm putting my horns on  the 666 IPO. What a disgraceful stock to own when they have abused drivers and passengers  .

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    jphorseshoeluck
    66 Driver
     1 year ago

    Guys Uber is just going to be the next facebook. 

    When Uber goes public there might be an initial spike in the stock price but it's logical to believe the price will go down in the months after the IPO until the company appears to be ACTUALLY working towards profitablity.

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    outlandish
    204 Rider Driver
     1 year ago

    Maybe I'll buy a little just for fun. I don't think it's something to put all your eggs in. Early/institutional investors might get a sweet bump on day 1 but the rest of us who don't have access to the IPO need to think about it as a long-term investment. Uber already has the market saturated so growth will be hard fought for them. Lyft's growth kinda depends on stealing market share from Uber, which will be very expensive.

    Both of these companies are spending money like drunken sailors and that is not going to stop anytime soon. It is a brutal battle out there and more competitors are going to be moving in on them. These are not lean companies.

    So my advice... buy some for fun if you want once the price settles a bit but don't go crazy, don't spend more than you can afford to lose, and don't expect to fund your retirement with it...

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    juanacurry
    3 Rider
     1 year ago

    I will definitely buy Uber or Lyft stock when it becomes available to the public. To make an early investment in both the company's IPO I have contact Pre IPO Pros website and get good guidance regarding the investment policy and return. Undoubtedly both the ride hailing companies will generate great opportunity to the investors to get huge profit within minimum time frame.

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      Star4Shining
      63
       1 year ago

      Not sure if I call that an "early investment." As high as the valuation has been already, and with looming uncertainties around future revenue and oncoming competition, I am not sure if they can justify the $125B valuation they are now seeking for.  and that's just where we start.

      Gotta admit, Uber's presence is huge with its drivers and brand name. But will it behave more like a blue chip stock or will it be the technology growth stock that they are hoping they are.

      I may jump on the hype with a handful but probably won't go all in.

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    chicago49
    253 Driver
     1 year ago

    I think there are better places to put your money. So no, I won't be. If I wanted to gamble on the hopes of a big post-IPO boost maybe I would, but that would be real gambling.

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    lionfool
    236 Rider Driver
     1 year ago

    Guys... These companies are going to be way over valued. Stay away. If you want to invest wisely buy some index funds and hold on tight.

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    gironimo45
    36 Rider Driver
     1 year ago

    Depends on plenty of things: where an IPO would price, how much leverage would be added to the structure (including the loans from March and the $1.5bn deal currently in the market), and macro conditions at the time of the offering.

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    JPoland
    178 Driver Driver
     1 year ago

    Sure, man. If I had any money leftover from working for Uber and paying all the expenses.

    ...like there's any left...

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    getpulse68
    18 Rider Driver
     1 year ago

    To the extent that they can innovate and provide new ideas to transporting people, then yes, perhaps worth investing.

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    bobshmob
    53 Driver Driver
     1 year ago

    hahaha nope. I am not giving another dime to Uber if I can help it. I have seen how that company is run, I would not invest in it.

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    dShaperoMDM
    112
     1 year ago

    Too volatile with not much upside.

    Think the risks.  The rise of autonomous vehicles, rising competition looming from google and various automakers, uncertain legal situations, competition from foreign countries, e.g. Didi, 99, Ola, etc., 

    Easily copied business model. Nothing proprietary.  No patents. 

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      SteveStarr
      13
       1 year ago

      Yeah, with so much hype around their current valuation.  I am not sure if I will get much boost out of it. It's like Facebook when they went IPO. The valuation already had considered for all the growth. 

      The only thing saving it was that it hadn't monetized through ads yet.  Uber though?  Not sure how their revenue will be boosted once they go IPO.

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        dShaperoMDM
        112
         1 year ago

        Let's give Dara and his sleazes credit. We all know Uber's revenue had been artificially lowered by setting of super low rates.  What if they jack up those rates to taxi prices?

        You may argue competition but in the US market, it's only Lyft. They'd also love to raises prices too.

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    cheesehead
    521 Driver Rider
     1 year ago

    I will buy a little of both companies.  It is an investment in the  rideshare industry which has nowhere to go but up.  Going to buy and hold it.