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Uber's Leaked documents (obtained by Reuters) show a presentation for investors , show the company's potential revenue for the year, some new funding and, most interestingly, its plans for an IPO.
The fact that Uber would eventually go public is not news at all. This company has been taking so much money in, over $5 billion by my count, with such valuations, over $50 billion after its last huge fundraising, that it would be insane to think those investors would not want a return on their money. They do and they will get it.
The company has never actually discussed any sort of timetable for that though, but now it seems like an IPO is already in the works, and it may be coming here sooner than expected: Uber is forecasting its IPO to occur with in the next year and a half to two years.

The following are to be expected in the next 12 months as Uber prepares itself for an IPO.

- Profits and flow of income - Adjust commission from 20% to 30-40%
- Introduce new products e.g leased car option, Uber eats e.t.c
- Roll out Uber to more cities
- Recruit more drivers

Would you buy Uber stocks?
 

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The following are to be expected in the next 12 months as Uber prepares itself for an IPO.

- Profits and flow of income - Adjust commission from 20% to 30-40%
- Introduce new products e.g leased car option, Uber eats e.t.c
- Roll out Uber to more cities
- Recruit more drivers
I am guessing this is a trolling post as these bullet points were not part of any news report.
 

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This isn't too far off base.

In Austin, for example, lowered the X rate to $1.10/mile+added Lux+got a lot of drivers to switch to Select, effectively raising the commission rate to 28% on a significant number of drivers. Rolled out UberEats, and yes, car leasing options through Uber.
When have they ever stopped recruiting drivers? Recently added San Marcos and San Antonio will be back in the fold soon.
 

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Anyone could have written the last three bullet points as they are not even news, they are current events.
He is trying to get a rise out of the forum with the 40% commission comment.
 

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Makes sense but I'm not sure they'll go for a direct commission increase. Any company preparing for an IPO has to make itself more attractive to investors. They'll come up with creative ways of increasing revenue without necessarily increasing the commission. They'll also come up with a variety of products and services meant to make them look stable and not a one service company.
 

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UBER stock is a don't buy on the initial day of trading for sure. This stock will trade down once the initial hype is over. After a few months UBER could be a great buy. Let's say it trades 50 to 60 dollars day one. Day two 58 to 55. Day 3 55 to 52. After a week 50 bucks. After that may go in the 40s. After a few months we can see what direction UBER is headed. At that point make an informed buying decision. Don't get caught up in the hype. As a driver you should realize UBER spends millions on lawsuit payouts, lawyer fees, advertising, incentives, corporate salaries, and other things ( use your imagination) . Yes it's a cash generator and high growth company. But this dog has fleas!!
 
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