Earlier quoted context omitted.
They can't just raise prices willy-nilly; taxis still exist.
Most people I know hate taxis. Uber can nearly raise prices to parity with cabs.
Nearly? I'd pay more to not have to use a taxi.
Uber S-1
431–440 of 559 posts
Re: Uber S-1
#432Earlier quoted context omitted.
Employees saw their share price go from $44 in June (private markets) to a range of $62-68 during the road show last month to an IPO at $72, to close today at $61. Again, in less than a year, rose from $44 to $61 with a brief uptick to $72 in the middle. How is that plummeting?
They are going to get hammered on taxes, though. The IPO price sets the income they are taxed on while the price in 6 months determines what they actually take home. The result is that if you’re in California and the stock price falls to 30ish, you effectively take home nothing.
Not sure why people are downvoting you guys for telling the facts.
Re: Uber S-1
#433Earlier quoted context omitted.
They can't just raise prices willy-nilly; taxis still exist.
Most people I know hate taxis. Uber can nearly raise prices to parity with cabs.
When it comes to airports, I prefer taxis. I once got a Lyft driver at the airport who did not have enough room for all our luggage. Taxis generally will, and even if they don't, there is no charge for "canceling".
Re: Uber S-1
#434Can we just take a second to appreciate how ridiculous their growth chart is considering how big they are. Hockey stick at its finest.
Re: Uber S-1
#435Note: - 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…
One thought about your ticker comment - I actually prefer it when the ticker is NOT exact same as the company like UBER or LYFT. This is because I know when I google AMZN, AAPL, TSLA etc. the search engine knows I want the stock price and am specifically asking about stock. For UBER and LYFT I have to type something like ‘LYFT stock’ if I want the price, trends and news around that.
Try adding a $ in front of the ticker and Google will take care of it for you.
Re: Uber S-1
#436Earlier quoted context omitted.
Startups won't win this. Manufacturers will. They have brand, cars, and soon can license the self driving tech. How hard is it for a billion dollar company to roll out a ride hailing app? Think about where that leaves Uber. They have to buy the cars from said manufacturers. This already gives them a significantly larger cost base and let's face it, while they also have a brand it is no more powerful a draw than Merce…
This is one of the more ill-informed tweets. How hard is it to roll out a ride hailing up? Borderline impossible. Especially for companies that have zero competency in service, software and marketplaces.
...which is part of why Audi bought Silvercar. This gave them a well-run service company with physical locations in most metros. And they've recently added renter pickup so it's not like this is black magic.
What's more unrealistic to think is that a move to driverless cars / less car ownership would lead to the manufacturer's rolling over.
Re: Uber S-1
#437Earlier quoted context omitted.
Most people I know hate taxis. Uber can nearly raise prices to parity with cabs.
When it comes to airports, I prefer taxis. I once got a Lyft driver at the airport who did not have enough room for all our luggage. Taxis generally will, and even if they don't, there is no charge for "canceling".
I recently arrived at an airport intending to take a Lyft/Uber out of the vicinity. Tried for 10 to 15 minutes to get a ride on either platform and it would just time out. Eventually opted for a taxi, which were immediately and readily available. Surprisingly it was also 30% cheaper in the end including tip than the quoted price on Uber at the time with surge pricing without tip.
The same thing happened on my most recent arrival back home. I am probably going to simply return to taxis at my home airport for now on.
Re: Uber S-1
#438"We generated 15% of our Ridesharing Gross Bookings from trips that either started or were completed at an airport" This just highlights the need for better public transportation from cities to their airports.
Especially arriving, and also departing, I think Uber with "door-to-door" service may be a better answer. Luggage above carry-on would be hard to take on multiple-stop public transportation with a walk, and especially arriving in evening after a tiring travel, I often want to get directly to my lodging and freshen up.
As a counterpoint see Heathrow Express in London. Taking taxis in London from a major airport, unless at odd hours, is almost always more expensive and slower even with checked bags.
Re: Uber S-1
#439Earlier quoted context omitted.
According to your logic there is no such thing as an actual millionaire. No sane person keeps a million dollars sitting in cash in a savings account, they invest it somewhere (equity, bonds, real estate, etc).
Lots of people keep 10-20% of assets in cash. if you have $20 or $30m, you'd almost certainly have $1m in cash sitting around.
I would be very very surprised if the median person with $20m net worth keeps $1m in cash on a long term basis.
Re: Uber S-1
#440Uber is clearly losing share to Lyft:
"In 2017, our ridesharing category position in the United States and Canada was significantly impacted by adverse publicity events. Although the rate of decline in our ridesharing category position has since moderated, our ridesharing category position generally declined in 2018 in the substantial majority of the regions in which we operate, impacted in part by heavy subsidies and discounts by our competitors in various markets that we felt compelled to match or exceed in order to remain competitive."