[Tom Oldman]

Today the floors of stock markets were covered with blood of stocks being slaughtered regardless of what they represent. I'm seating in from of my monitor and this huge screen has nothing but red numbers flickering into my eyes. Indexes are down between 2.5 to 3.5 percent.

Bears are killing and the short-sellers have a feast and some even have have shark frenzy with mediocre IPOs such as uber which had lost almost 11% of its value only today. Lyft wasn't much better but there wasn't much meat left on Lyft anyway. Lyft lost just less than 6% which is not bad considering overall markets mood.

At some point a few month ago, uber was aiming at $120 billions market cap, well today, their dream was cut in half to $62 billions market cap. There is still a lot of meat left on Uber for the IPO short-sellers.

I just question myself who is gonna pay for the those losses. Ohhh....poor Dara....he has to settle now for a few millions less in bonuses....Or he could squeeze more from the already struggling drivers to keep the very unhappy shareholders in the game.

Maybe cheating a couple of dollars each trip, sucking drivers blood drop by drop would add up to a nice bundle of $$$. Have no doubt they will squeeze it out of you and I.

The disturbing fact is that they would do it even in a good market favoring uber and Lyft. Greed gets stronger when fed with wealth, it wants more and more. It's sad but unfortunately it's the human nature and more is never enough.

Drive Safe
Tom

 

[lowcountry dan]

I see a lot of incompetence in Uber management at this time. They are being exposed as arrogant fools.

 

[goneubering]

Today the floors of stock markets were covered with blood of stocks being slaughtered regardless of what they represent. I'm seating in from of my monitor and this huge screen has nothing but red numbers flickering into my eyes. Indexes are down between 2.5 to 3.5 percent.

Bears are killing and the short-sellers have a feast and some even have have shark frenzy with mediocre IPOs such as uber which had lost almost 11% of its value only today. Lyft wasn't much better but there wasn't much meat left on Lyft anyway. Lyft lost just less than 6% which is not bad considering overall markets mood.

At some point a few month ago, uber was aiming at $120 billions market cap, well today, their dream was cut in half to $62 billions market cap. There is still a lot of meat left on Uber for the IPO short-sellers.

I just question myself who is gonna pay for the those losses. Ohhh....poor Dara....he has to settle now for a few millions less in bonuses....Or he could squeeze more from the already struggling drivers to keep the very unhappy shareholders in the game.

Maybe cheating a couple of dollars each trip, sucking drivers blood drop by drop would add up to a nice bundle of $$$. Have no doubt they will squeeze it out of you and I.

The disturbing fact is that they would do it even in a good market favoring uber and Lyft. Greed gets stronger when fed with wealth, it wants more and more. It's sad but unfortunately it's the human nature and more is never enough.

Drive Safe
Tom

I thought you were going to go here.

Financial market legend and 19th-century banker Nathan Rothschild once allegedly declared...

"The time to buy is when there's blood in the streets."

As the story goes, Rothschild used this contrarian approach to amass a fortune.

This memorable quote has been circulating in investment circles since the 19th century, inspiring generations of contrarian-minded investors.

https://www.google.com/amp/s/seekingalpha.com/amp/article/4080125-buying-blood-streets

 

[PaxiCab]

Today the floors of stock markets were covered with blood of stocks being slaughtered regardless of what they represent. I'm seating in from of my monitor and this huge screen has nothing but red numbers flickering into my eyes. Indexes are down between 2.5 to 3.5 percent.

Bears are killing and the short-sellers have a feast and some even have have shark frenzy with mediocre IPOs such as uber which had lost almost 11% of its value only today. Lyft wasn't much better but there wasn't much meat left on Lyft anyway. Lyft lost just less than 6% which is not bad considering overall markets mood.

At some point a few month ago, uber was aiming at $120 billions market cap, well today, their dream was cut in half to $62 billions market cap. There is still a lot of meat left on Uber for the IPO short-sellers.

I just question myself who is gonna pay for the those losses. Ohhh....poor Dara....he has to settle now for a few millions less in bonuses....Or he could squeeze more from the already struggling drivers to keep the very unhappy shareholders in the game.

Maybe cheating a couple of dollars each trip, sucking drivers blood drop by drop would add up to a nice bundle of $$$. Have no doubt they will squeeze it out of you and I.

The disturbing fact is that they would do it even in a good market favoring uber and Lyft. Greed gets stronger when fed with wealth, it wants more and more. It's sad but unfortunately it's the human nature and more is never enough.

Drive Safe
Tom

The more I read over the stats by the day the more I wish it would collapse for them already. waste, greed, waste, greed, exploit, waste, greed. It's true that it becomes a bloodsucker and grows with time, as the per mile rate has gone down so has the hours I do this gig. They've made known in their s1 they plan to slash the rates more than they already have so at some point, people need to stop relying on this so heavily or figure their exit strategy because its coming. At what point does it hit you when they've decided .08 cents a minute and .12 cents a mile is their playing field and someone working 12 hours now comes home with a cash out of $35..greed and exploit will surface harder eventually and I can't wait for the "but we love our ICs" speech when shit hits the fan and investors turn the other cheek

 

[Lee239]

 

[lowcountry dan]

It is relatively true that the time to buy a stock is when everyone hates it. However, that is for stocks who have a history and proven track record. There is a huge flaw in the idea of buying an unproven stock of an unproven company. There is so much emotional attachment to this stock rational decisions become very difficult.

Uber stock is pure speculation at this point. You might as well bet on the horses at the race track. It's more fun..

 

[XPG]

I just question myself who is gonna pay for the those losses.

Saudi Arabia's Public Investment Fund, which is the Saudi government's main investment fund. In total, the Saudi government owns about 14 percent of Uber, consisting of a $3.5 billion direct investment.

 

[itsablackmarket]

I hope the entire market crashes. Sick of this phoney economy.