WHERE DRIVERS BUY IPO!?!?!?!?!?!?!?!

RDWRER

Well-Known Member
Too late if you didn’t already get your stock allocated. You had to reserve it by yesterday, confirm it by today, and you have to pay for it by the 14th.

Otherwise just wait til it’s open for regular trading and buy it at market prices.
 

UsedToBeAPartner

Well-Known Member
If you could get the stock for WAY below the IPO price, pre IPO it would be worth it. I have never seen an offer from UBER to offer me, a driver for over 4 years and such thing. If you can't get it pre-IPO you should be able to buy it for 1/2 the IPO price in 6-12 months.
 

Another Uber Driver

Well-Known Member
Moderator
Why wouldn't ya?

The only purpose of this IPO is so that the current investors in this perpetually money losing operation can get paid. They get paid, they step aside, the new investors elect a Board and Officers (or the Board chooses the officers, depending on how the by-Laws read) and they attempt to run the operation. The wells of credit are already tapped, so, the new Directors will not have any source of new funding. The whole thing collapses and these New Investors are left standing in their underwear in front of HQ in SF, on the door of which is an eviction notice.

Fear not, ants, if Uber and Lyft collapse on a Monday, by Wednesday there will be at least five new TNCs' signing up drivers and two of them will be putting out pings by Friday. Even before the Grand Crash, though, Fubar and Gryft might even merge. For those who want to consider how well that one might work, Google Penn Central.
 

Rockocubs

Well-Known Member
I bought 15 shares in my retirement account with just some cash reserve i had and got it below the ipo price. Since i am 10 years away from needing it i am not worried about it.
 

ZenUber

Well-Known Member
The only purpose of this IPO is so that the current investors in this perpetually money losing operation can get paid. They get paid, they step aside, the new investors elect a Board and Officers (or the Board chooses the officers, depending on how the by-Laws read) and they attempt to run the operation. The wells of credit are already tapped, so, the new Directors will not have any source of new funding. The whole thing collapses and these New Investors are left standing in their underwear in front of HQ in SF, on the door of which is an eviction notice.

Fear not, ants, if Uber and Lyft collapse on a Monday, by Wednesday there will be at least five new TNCs' signing up drivers and two of them will be putting out pings by Friday. Even before the Grand Crash, though, Fubar and Gryft might even merge. For those who want to consider how well that one might work, Google Penn Central.
That’s close. Except instead of crashing, they go bankrupt, then restructure and start over with new investors. The old investors take a haircut. CEO’s get payed as if everything was profitable. Employees get no raises because times are tight. That’s modern Wall Street. Look at the History of Mood Media and Muzak.
 
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