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Uber plans to kick off IPO in April!

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bob
151 Rider
 Posted 1 month ago

We all knew that Lyft and Uber would file at the same time. 

https://techcrunch.com/2019/03/14/uber-will-reportedly-file-for-ipo-next-month/

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    RadarRider
    Driver
     1 month ago

    Hard to believe.  Sounds like Congress at Christmas.  Trying to see what they can get away with by pushing it, knowing no one will retaliate.  It is hard to believe that with Uber's constant lowering of pay outs for drivers, that anyone would have faith in their stock.  Right down to stealing  30-50% off the top (not the payout) for some rides.  Granted drivers have to agree to it and choose the mode... but many depend on the income and are so strapped... they have to bend over and take it until they can find more work.   At this time, I would not want to be in business with them.   If they are smart, I would think they would delay this IPO stuff, rather than selling a pipe nightmare.    I mean please:  Convince me I am wrong.   Please.

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      JudgeItoh
      168
       3 weeks ago

      That's because the rich and those in power are all in on the Uber game. They all invest in the company and their success depends on Uber's success. Little people on the Main Street can't win here.

      Drivers' suffering are all priced into the valuation and its future profitability.  Just like always, we are all just dancing on their palms. The sad thing I heard recently is that there's enough drivers to fill the market and hence these companies do not have to worry about retention.  There are apparently enough poor people desperate enough to drive for low wages, and that's where the investors see an opportunity.

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      HemiDodge
      353
       3 weeks ago

      Amen.  

      I love it how all the Silicon Valley folks are losing their sh*t over this and the rest the world doesn’t really give a hoot. It affects us none. Can they just shut up. 

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    CTG07
    220 Rider
     1 month ago

    spoiler alert: I won't be investing in either company. Waste of money!!

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    JonHogan
    Driver
     3 weeks ago

    Way behind Lyft. How can they drop the ball like this. 

    Now there will be a precedence with Lyft by the time they go public. If lyft gets crushed then itll kill all the excitement and ruin the hype  

    Of course those who’ll lose are the loaded private equity firms, investors, etc. none that we care about. So whatever.  

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    johndavidT
     1 month ago

    Uber is the way to go if your going to invest. That is where I would put my money if I had any.

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      RadarRider
      Driver
       3 weeks ago

      Why would you invest money in a company with a billion dollar loss in one year?

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        chawes
        659 Rider Guru
         3 weeks ago

        Because FOMO. Fear of Missing Out... On losing your money 😂 

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    changingtides
     1 month ago

    When is Lyft officially going public?

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      gennu
      Rider
       1 month ago

      They have already announced it.

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    blackandyellow
    114
     1 month ago

    Right on the heels of Lyft.