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Post New Topic Forum    Rideshare News

Funds bought millions of shares of UBER after the IPO

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Uberserge
1300 Rider Driver
 Posted 5 years, 3 months ago
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Posted By
Sergio Avedian (Uberserge)
1300 Rider Driver
Ride Apprentice from Los Angeles, CA

Blogger, Podcaster, Active Rideshare Driver/Coach

Active Uber/Lyft driver in Los Angeles, contributing writer for Rideguru and RSG (The Rideshare Guy), podcaster, rideshare driver coach, independent consultant to rideshare and tech companies.

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These are the smartest guys in the room with Wharton MBAs. I don't think they're too happy about it so far.

https://amp-businessinsider-com.cdn.ampproject.org/v/s/amp.businessinsider.com/uber-stock-snapped-up-by-hedge-funds-while-lyft-snubbed-2019-8?amp_js_v=a2&amp_gsa=1#referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s


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    Uberserge
    OP 1300 Rider Driver
     5 years ago

    It's been less than two months and the stock has lost about 25% of its value. Has anyone heard of don't catch a falling knife? I'm not touching it with a ten foot pole.

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