Uber releases its Form S-1 IPO filing

SuperStar3000

Well-Known Member
Uber has released its long-awaited IPO Prospectus.
The company will list on the New York Stock Exchange under the symbol “UBER.”


Scroll down to page 25 to read about the significant Risk Factors:

“To remain competitive in certain markets, we have in the past lowered and may continue to lower, fares or service fees, as we have in the past”

“We expect our operating expenses to increase significantly in the foreseeable future, and we may not achieve profitability”

“Our business would be adversely affected if Drivers were classified as employees instead of independent contractors”

“If we are unable to attract or maintain a critical mass of Drivers, consumers, restaurants, shippers, and carriers, whether as a result of competition or other factors, our platform will become less appealing to platform users”


“Our workplace culture and forward-leaning approach created significant operational and cultural challenges that have in the past harmed, and may in the future continue to harm, our business results and financial condition”

Translation: Trust me… It’s all gonna work out just fine...
 
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karachi

Well-Known Member
Uber has released its long-awaited IPO Prospectus.
The company will list on the New York Stock Exchange under the symbol “UBER.”


Scroll down to page 25 to read about the significant Risk Factors.
You are right, lots of horrible stuff!! Pg 25 on....
From pg. 31:

"Our brand and reputation might also be harmed by events outside of our control. For example, we faced negative press related to suicides of taxi drivers in New York City reportedly related to the impact of ridesharing on the taxi cab industry. In addition, we have licensed our brand to Didi in China and to our Yandex.Taxi joint venture in Russia/CIS, and while we have certain contractual protections in place governing the use of our brand by these companies, we do not control these businesses, we are not able to anticipate their actions, and consumers may not be aware that these service providers are not controlled by us. Furthermore, if Drivers, restaurants, or carriers provide diminished quality of service, are involved in incidents regarding safety or privacy, engage in malfeasance, or otherwise violate the law, we may receive unfavorable press coverage and our reputation and business may be harmed. As a result, any of these third parties could take actions that result in harm to our brand, reputation,"
 

bpm45

Well-Known Member
You always include that doom and gloom in the prospectus so you don't get sued later, no matter how improbable (or probable).

Note the driver count. The number of Uber drivers worldwide in 2019: 3.9 million drivers (up from 3 million in 2018, 2 million in 2017, and 1 million in 2015)
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Sher Singh

Well-Known Member
You always include that doom and gloom in the prospectus so you don't get sued later, no matter how improbable (or probable).

Note the driver count. The number of Uber drivers worldwide in 2019: 3.9 million drivers (up from 3 million in 2018, 2 million in 2017, and 1 million in 2015)
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Out of those 3.9 mil, we got 2 mil of those in Chicago.
 

4Wheels5Stars0Hopes

Active Member
You always include that doom and gloom in the prospectus so you don't get sued later, no matter how improbable (or probable).

Note the driver count. The number of Uber drivers worldwide in 2019: 3.9 million drivers (up from 3 million in 2018, 2 million in 2017, and 1 million in 2015)
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I want to know how many active drivers there are and the average number of rides given a week by said drivers. The keyword is active. If I’m a gambling client’s money as a financier, I don’t care how many driver profiles are on your network. I want to know how many are routinely driving a week.
 

SatMan

Well-Known Member
At least if a driver invests the money uber gives us, it will be a tax right off in a few years...We have to buy at the IPO opening price...We all know what has happen to lyft....
If you can't dazzle them with brilliance, baffle them with bullsh!t. uber needs to give themselves a pat on the back for all their tomfoolery. And investors need a 2x4 to the back of their heads to wake up to this. to be continued...
 
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