Is it a good idea to go all in on the Uber IPO tomorrow?
Is it a good idea to go all in on the Uber IPO tomorrow?
Jackson Gonzalez
Colton Martin
50-50
some of the "unocorn" stock ipo's recently have pumped but some of them dumped.
if i would go in, i would wait a little bit but that's just my opinion...
Noah Rivera
No, it's retarded idea. It's faang 2.0, but without fed buying up stocks. Keep in mind uber is, at it's core concept, all about breaking the law (you need a fucking loicence to drive a taxi). Question is how do you feel about future of their autonomous-driving cars. Fundamentals ain't there, but they are like tesla- snake oil that may turn gold, but probably won't in long term.
But you've already made your mind you filthy degenerate gambler, godspeed
Jace Brooks
Observe Lyft stock kek
Evan Baker
What coin is this
Hunter Barnes
No dumbass. Refer to Lyft
Angel Williams
uber fucks with chainlink buy chainlink faggot
Kevin Flores
Dump 70% in stages.
Bentley Baker
this
Jason Young
Uber is worldwide bigger than Lyft though.
Jason Long
- Expected to be teh largest IPO this year in the US.
- 10th largest all time
- trying to raise around $10B
- 2018 Year Ended Revenue $11.27 billion
- 2018 Year Ended Net Income $997 million
- 2017 Year End lost $4.03 billion.
- 10 billion trips in September 2018, up from 5 billion in September 2017
- Gross Bookings From Ridesharing $41.5 billion in 2018
- Revenue From Ridesharing Products $9.2 Billion in 2018
- List under UBER, good ticker!!
- 29 banks listed as underwriting the IPO, for those of you wondering, yes that is alot. Like 20+ more than a typical IPO.
From Bloomberg:
- 2018, Uber's operating loss totaled $3.03 billion, however it technically turned a profit in 2018, generating $997 million in net income. That's thanks to a $5 billion "other income" benefit.
Other Income is defined as:
- Interest income, which consists primarily of interest earned on our cash and cash equivalents and restricted cash and cash equivalents.
- Gain on divestitures, which consists of gain on sale of divested operations.
- Unrealized gain on investments, which consists primarily of gains from fair value adjustments relating to our investments such as our investment in Didi.
- Foreign currency exchange gains (losses), net, which consist primarily of remeasurement of transactions and monetary assets and liabilities denominated in currencies other than the functional currency at the end of the period.
- Change in fair value of embedded derivatives, which consists primarily of gains and losses on embedded derivatives related to our Convertible Notes.
- Other, which consists primarily of changes in the fair value of warrants and income from forfeitures of warrants.
- Lyft now at $61/share, ouch, there just is no other way to put it. THey pulled a lot of financial engineering tricks to boost their IPO price and well the results speak for themselves:(
Isaac Smith
No, you don't need a license to drive other people around for money. Taxis are obsolete.
Isaac Nguyen
Most hyped IPO of a company writing less than stellar profit numbers with their core business.
This balloon will deflate within the next 12 months and undergo a heavy reality check / correction
Lincoln Clark
Looks like Uber is better on every metric, total volume, growth, revenue, the only area they are behind is margin where they are taking less from their drivers than Lyft is.
While Uber looks healthier especially given it's size, Lyft's reception after the IPO was quite negative, with the stock falling 30% immediately in the days that followed.
Even with better economics and larger scale the larger question looms, which is how do these businesses turn profitable.
Are they subsidizing a market and creating it by charging less, or will they reach a certain scale and be able to cut back on certain expenses which will give them profitability.
I don't think Amazon is a fair comparison here, because they were investing in infrastructure, building out global logistics, which is different from Uber and Lyft. They should be much more profitable because they don't have to invest in that. They don't know warehouses and logistics, and everything else that e-commerce required.
Also in the case of Amazon the supposed profits would be reinvested in the business with large CapEx spend, here it seems that the negative margins are being spent on sales and marketing, which isn't the same as what Amazon was doing when it was treading in the negative for a decade
Levi Phillips
Based on the Lyft IPO we'll see a quick spike of about 10% gains followed by about a 20% loss. It's literally a coin toss. If you're willing to lose 50% of your investment on a 50/50 gamble that you could potentially gain 50% with one massive green dildo, go ahead. There are easier ways to gamble your money away that have higher success rates though.
Adam King
>tesla- snake oil that may turn gold,
Electric cars are hardly snake oil
They're the future
Camden Barnes
bump
Ryder Lopez
Ah yes, 'de-risking'
Caleb Myers
No. The only ones who'll get rich off this at the ipo is those who snagged the pre-ipo shares (SoftBank,etc). The regular investor will get the shaft once it tanks like Lyft did if they dive in now.
I'd wait a bit then once it tanks bag some shares at that time.
Blake Robinson
Evan Perez
A freemason detective was shilling this recently. I'd stay away.
Xavier Bailey
Binance when?
Xavier Foster
Do you like losing money?
Colton Ward
This
Samuel Flores
He's on biz, isn't he?