Dude Where’s My Uber? A Story of Greed and Delusion or Opportunity?

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    Super Harley

    Uber Technologies Inc reacted to the fallout from…



    Excellent read and just shows you how manic this mark is …

    Super Harley

    Underwriters Big Winners on The Uber IPO

    People with knowledge of the UBER IPO said the order book was at least three times oversubscribed.

    Morgan Stanley t $41 million in fees from the deal, led the offering with Goldman Sachs Group Inc. and Bank of America Corp. who are sharing a total of about $32 million in fees.

    Super Harley

    UBER’s first employee and CEO Ryan Graves, is leaving the board

    Uber said in a Friday filing that Ryan Graves, its first employee, is leaving the company’s board, effective Monday.

    Graves was the company’s first CEO, hired by Travis Kalanick after he responded to a Kalanick Tweet seeking a “Looking 4 entrepreneurial product mgr/biz-dev killer 4 a location based service.”

    He stepped down from his position as senior vice president of global operations in 2017.

    “Mr. Graves was selected to serve on our board of directors because of his experience as one of the early leaders of our company, and as such, his innovation, technology, and high-growth experience, as well as his consumer and digital experience,” Uber said in the prospectus for its initial public offering.

    In the prospectus Uber said it had bought more than 1.1 million shares of the company’s stock from Graves. Following the IPO he owned 1.9% of Uber, according to the prospectus.

    Graves, who has served on the Uber board’s compensation committee, is now founder and CEO of Saltwater Capital, which has invested in companies like Calm and Equator Coffees & Teas.

    Super Harley

    Evercore ISI initiated Uber as ‘outperform’

    Evercore ISI initiated the ride-sharing company with a favorable view and said Uber has built a “diverse and powerful” digital platform.

    “We initiate on UBER with a $60 PT giving 40% upside on their “diversified growth at scale” or “platform as a product” and in LYFT we see a “ridesharing pure play” with a $74 PT leaving 28% upside. We see powerful near term catalysts for re-rating of both stocks on the back of a quietly improving pricing environment, incentive maturation, and we expect both to show profitability sooner than consensus is modeling. After a clearly rocky debut, we believe increased education on the business model of ridesharing will lead to multiple expansion.”


    [b][color=green]Uber Technologies Inc. (NYSE: UBER) started with a Buy rating and a $40 target price at Guggenheim.

    Market Summary > Uber Technologies Inc
    33.46 USD +0.18 (0.54%)
    Oct 25, 12:19 PM EDT[/color][/b]

    Super Harley

    Uber’s safety report released Thursday revealed 5,981 reports of sexual assault during rides in 2017 and 2018, including 464 rape allegations.

    Report also notes that 19 people died in a physical assault during the same period.

    Uber claims 99.9 percent of rides happen without incident and that in 45 percent of sexual assault incidents, it’s the rider who is accused of wrongdoing.

    “The numbers are jarring and hard to digest,” Tony West, Uber’s chief legal officer, said about the findings in an interview. “What it says is that Uber is a reflection of the society it serves.”

    Helmholtz Watson

    Uber Technologies (UBER) in discussions to buy food delivery service Postmates for $2.6 billion, according to The Wall Street Journal. Uber had engaged in ultimately unsuccessful talks last month to buy Grubhub (GRUB) and combine it with its Uber Eats food delivery unit.


    Uber Technologies Earnings

    Q3 21 -$1.28 v -$0.37e,
    Rev $4.85B v $4.42Be ( Inc)
    Guides Q4 adj EBI TDA +$25-75M v $98Me;
    Gross bookings $25-26B
    $UBER $45.48▲ 0.21 (0.46%) After Hours

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