Search Results for ‘investors’

For weeks Uber’s intraday stock price has hit consecutive lows: from mid $60's on 4/28/21 to $60.35, $58.06, $56.27, $50.63 and $45.72 to finally settling at last week's 8 month low of $43.17 (check links). From 4/28/21 through 5/13/21, Uber has had consecutive losses amounting to an almost...

Here's the Uber Investor Letter That Forced Travis Kalanick Out https://www.finance.yahoo.com/amphtml/news/uber-investor-letter-forced-travis-201528295.html Dear Travis: On behalf of Benchmark, First Round Capital, Menlo Ventures, Lowercase Capital, and Fidelity Investments, we are writing...

It's hard to believe there are enough suckers for Uber to pull off a successful IPO. However it looks like this is a real possibility. But make no mistake, the IPO has nothing to do with setting up a framework to make Uber into a profitable company, it's the investors trying to dump this turd on...

Uber drivers have been taken advantage of over and over again. From flooded markets, fake surges, no increase in rates with gas increases (Uber got theirs), to now a broken app and testing in markets with low pay. It is time for Drivers to Unite and make a stand, United! We will coordinate...

Strange Things at Uber Keep Getting Stranger The ride-hailing company just creates its own financial reality. By Matt Levine March 11, 2018, 9:00 AM EDT An existential battle. Photographer: Brent Lewin/Bloomberg via Getty Images This post originally appeared in Money Stuff. I like to say...

Some drivers have 200% powerzone, and some get 20% all mapped out in different locations with different prices- hardly seems fair, to say the least. This is complete discrimination, some zones are in Mid city far away, and I been asking other drivers to see their locations, and they are all...

https://www.cnbc.com/2017/11/29/ubers-third-quarter-loss-widens-to-743-million.html Losses were up 14 percent from the previous quarter. Uber's quarterly adjusted losses widened to $743 million, up 14 percent from the previous quarter, the Financial Times reported on Tuesday. The...

Uber's always been a taxi service. They just hid behind ridseshare to undercut taxis and screw drivers. Now the Volvo deal to buy 24 thousand cars forces Uber to admit what they've always been, a taxi service. Uber had no choice. They had to admit to investors they were going to ditch the...

https://www.recode.net/2017/11/12/16640530/uber-peace-deal-ready-for-signing-allowing-softbank-tender-offer-to-proceed A "Peace Deal" to settle an ugly boardroom war at Uber is expected to be signed today or tomorrow. If all goes well - and this is a big if still since, well, Uber - it should...

https://arstechnica.com/tech-policy/2017/10/2-uber-investors-try-to-keep-supervoting-power-on-board-of-directors/

https://www.vanityfair.com/news/2017/09/ubers-legal-nightmare-takes-another-turn UBER'S LEGAL NIGHTMARE TAKES ANOTHER TURN This time, a Texas city's firefighter pension fund is claiming the company and Travis Kalanick misled them. VanityFair 9/26/17 by Maya Kosoff After a year spent...

https://stratechery.com/2017/the-uber-dilemma/ The Uber Dilemma Monday, August 14, 2017 By Ben Thompson _____ Long, detailed analysis using game theory, of Uber, venture capitalists, and the current boardroom battle to name the next CEO.

Maybe it's true that only Kalanick could have gotten Uber to this point. But is this the point anyone, especially investors, wants to be in? Kalanick burned through billions of dollars of other people's money. We've reached the point where the other people are saying, no mas.

CNNMoney (New York) First published April 11, 2017 by Sara Ashley O'Brien It's good to be Lyft right now. The company announced on Tuesday that it has raised a fresh $600 million from investors. The new funding bumps up Lyft's valuation to $7.5 billion -- still far short of Uber's estimated...

Lyft is taking advantage of Uber's many problems. They're going to raise more money from the same type of people that have been bankrolling Uber, but are now getting jittery that Uber is in final meltdown...

If you are of the opinion that Uber treats its independent-contractor-drivers poorly then consider what is done to their employees. I wonder if the Greenlight Hubs are any better. Cocaine and groping - bombshell report on Uber's work environment makes it sound awful and full of bros...

Uber displayed "toxic patterens" http://www.cnbc.com/2017/02/23/two-angel-investors-in-uber-say-efforts-to-change-company-culture-from-within-fell-on-deaf-ears.html Two early investors in Uber said their efforts to change the company's "aggressive" culture from within haven't worked, and thus...

I think we should start a new company. I'm tired of Uber and lyft stealing money from us from bad calculations and when we work so hard we get so little and it's not right that they take the money from the passengers also especially with all the surge prices it's confusing for people. -We...

Today on CNBC ,the business channel, an investor was asked about what he thought of Uber saying Lyft is only worth 2 Billion. He said who cares what Uber thinks they have nothing to do with Lyft's evaluation. The investor went on to say: Both companies have a problem. Their strategy of...