Price cuts undercut possibility of an uber IPO

scrurbscrud

Well-Known Member
Big takeaways:

"While this case remains outstanding, there is little possibility of an Uber IPO. If it loses the trial, it will be on the hook for billions of dollars in California alone."

That will stick a fork in Uber.

"Uber lost over $1.7 billion dollars in the first three quarters of 2015. That’s hardly great news for an Uber IPO. This indicates the company’s lack of concern about losses, as long as institutional investors continue to plow in more funds. It appears, however, that this gravy train has come to an end."
 

Micmac

Well-Known Member
Big takeaways:

"While this case remains outstanding, there is little possibility of an Uber IPO. If it loses the trial, it will be on the hook for billions of dollars in California alone."

That will stick a fork in Uber.

"Uber lost over $1.7 billion dollars in the first three quarters of 2015. That’s hardly great news for an Uber IPO. This indicates the company’s lack of concern about losses, as long as institutional investors continue to plow in more funds. It appears, however, that this gravy train has come to an end."
Yep no more gravy!!
 
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