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Uber S-1

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Re: Uber S-1

#41

Post by aphextron »

partingshots wrote: post #18

So... Let me see if I have this straight: 1. Uber is unprofitable and the only way it can become profitable is to get SDC's 2. Uber is significantly (years) behind Waymo in the SDC space. 3. Waymo will launch SDC taxi services first meaning: - When it puts in an order for SDC components no one else is going to be buying in bulk and thus it can have effectively 100% of capacity of these specialized equipment makers -…

Autonomous cars won’t be proprietary to each manufacturer or company. Once someone has perfected their system, everyone else will drop what they are doing and simply buy it like an OS. It’s all in the software; hardware required (cameras, radar, GPUs) is already cheap and ubiquitous. My money is on Tesla or comma.ai for this.

Re: Uber S-1

#42

Post by burlesona »

partingshots wrote: post #18

So... Let me see if I have this straight: 1. Uber is unprofitable and the only way it can become profitable is to get SDC's 2. Uber is significantly (years) behind Waymo in the SDC space. 3. Waymo will launch SDC taxi services first meaning: - When it puts in an order for SDC components no one else is going to be buying in bulk and thus it can have effectively 100% of capacity of these specialized equipment makers -…

One path is that their network can be leveraged to monetize other services, like Uber Eats or Jump, which could be profitable.

FWIW from conversations with some of the scooter rental app devs, apparently the scooter / ebike on-demand rentals are extremely profitable.

Re: Uber S-1

#43

Post by kapurs151 »

While I admit that the losses are staggering, the growth rates are also astounding:

Revenue

2016: $3.8bn

2017: $7.9bn

2018: $11.27bn

Trips

2016: 1.8bn

2017: 3.7bn

2018: 5.2bn

The internet is such a game-changer.

Re: Uber S-1

#44

Post by alteria »

chollida1 wrote: post #10

Note: - Expected to be teh largest IPO this year in the US. - 10th largest all time - trying to raise around $10B - 2018 Year Ended Revenue $11.27 billion - 2018 Year Ended Net Income $997 million - 2017 Year End lost $4.03 billion. - 10 billion trips in September 2018, up from 5 billion in September 2017 - Gross Bookings From Ridesharing $41.5 billion in 2018 - Revenue From Ridesharing Products $9.2 Billion in 2018…

>THey pulled a lot of financial engineering tricks to boost their IPO price

Could you elaborate? Interested in knowing more

Re: Uber S-1

#45

Post by shereadsthenews »

foobarbazetc wrote: post #23
partingshots wrote: post #18

So... Let me see if I have this straight: 1. Uber is unprofitable and the only way it can become profitable is to get SDC's 2. Uber is significantly (years) behind Waymo in the SDC space. 3. Waymo will launch SDC taxi services first meaning: - When it puts in an order for SDC components no one else is going to be buying in bulk and thus it can have effectively 100% of capacity of these specialized equipment makers -…

SDC’s are like... minimum 5 years away for something an early adopter would get into. So...

Waymo are driving early adopters around Phoenix right now.

Re: Uber S-1

#46

Post by BinaryIdiot »

panarky wrote: post #35
partingshots wrote: post #18

So... Let me see if I have this straight: 1. Uber is unprofitable and the only way it can become profitable is to get SDC's 2. Uber is significantly (years) behind Waymo in the SDC space. 3. Waymo will launch SDC taxi services first meaning: - When it puts in an order for SDC components no one else is going to be buying in bulk and thus it can have effectively 100% of capacity of these specialized equipment makers -…

> can't imagine how Uber is worth anything If the operation doesn't make an economic profit, and if there isn't sufficient moat to defend the operation until it can become profitable, then I agree with you it's not worth anything. But in fact, Uber does have a massive moat -- its network of drivers and riders in thousands of cities around the world. No competitor is even close. It takes tremendous capital expenditure…

> It takes tremendous capital expenditure to build that network, and it will take tremendous capital expenditure to neutralize it.

Does it, though? Every driver I've talked to basically drives for "all of them". Several told me they try to find whatever apps are local for driving and they setup those alone with Uber and Lyft and simply take whatever pays the most / is more frequent.

Uber's software and network are solid but I don't think there is a whole lot of loyalty there. Anyone who can drive a wedge into a spot in their business could slowly erode it, IMO.

Now, they're too big to die quickly or anything like that. But it doesn't seem impossible at all to me.

Re: Uber S-1

#47

Post by nostrademons »

rory096 wrote: post #29
chollida1 wrote: post #10

Note: - Expected to be teh largest IPO this year in the US. - 10th largest all time - trying to raise around $10B - 2018 Year Ended Revenue $11.27 billion - 2018 Year Ended Net Income $997 million - 2017 Year End lost $4.03 billion. - 10 billion trips in September 2018, up from 5 billion in September 2017 - Gross Bookings From Ridesharing $41.5 billion in 2018 - Revenue From Ridesharing Products $9.2 Billion in 2018…

> Lyft now at $61/share, ouch, there just is no other way to put it. THey pulled a lot of financial engineering tricks to boost their IPO price and well the results speak for themselves:( I don't understand why this is seen as a negative. An IPO is a share issuance — the higher the price per share, the more money they receive in exchange for the same percentage of the company. Post-IPO "pops" represent money left on…

It's a good thing for Lyft-the-corporation but a bad thing for anyone who bought into the IPO.

Any sort of financial engineering tricks that goose the accounting numbers without affecting the long-term health of the business are basically a transfer payment from people who buy in at the inflated price to entities who sell at the inflated price. It's rational for the company to try to pull them; it's also rational for prospective shareholders to refuse to take the other side of the trade (at least until the price corrects to the point where the true fundamentals make it worth it). In today's markets, you can always find someone irrational.

Re: Uber S-1

#48

Post by pvilchez »

simonw wrote: post #2

As always, the most interesting place to start is "Risks to our business": https://www.sec.gov/Archives/edgar/data/1543151/000119312519...

I love starting there - this one is pages 25-72!

Re: Uber S-1

#49

Post by suh_dude »

foobarbazetc wrote: post #23
partingshots wrote: post #18

So... Let me see if I have this straight: 1. Uber is unprofitable and the only way it can become profitable is to get SDC's 2. Uber is significantly (years) behind Waymo in the SDC space. 3. Waymo will launch SDC taxi services first meaning: - When it puts in an order for SDC components no one else is going to be buying in bulk and thus it can have effectively 100% of capacity of these specialized equipment makers -…

SDC’s are like... minimum 5 years away for something an early adopter would get into. So...

No way are we going to be in autonomous vehicles that soon. All of the companies besides Waymo are just doing fancy lane assist and calling it self-driving. And Waymo only works in the most ideal conditions

Re: Uber S-1

#50

Post by opendomain »

Is the Saudi family invested in Uber? There was a story that Uber was trying to cover up that the Prince that ordered the murder of the journalist Khashoggi - is this true? I know this is a tech forum, but I am not sure what to believe?
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