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Uber opens at $42 per share

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21–30 of 470 posts

Re: Uber opens at $42 per share

#21
post #11

Did I miss something? I thought Uber was still a long way from being profitable and had no plausible plan for how to become profitable.

Just like Amazon at its IPO.

Maybe I don't remember it well enough but Amazon's business model seemed a lot more ... tangible than Uber's don't you think?

Re: Uber opens at $42 per share

#22
As an employee you typically don’t want your stock to skyrocket on the IPO. Most that do plummet as early investors sell and the employees (who have a lockup period preventing them from selling) watch their “gains” disappear. In my opinion, it’s better to have an accurately priced stock that grows at a healthy rate.

Re: Uber opens at $42 per share

#23

Some notes from watching Uber open: - if it closes below $45(its IPO price) it will be the first time since 2008 that the happened for a major IPO - TD Ameritrade executed more orders in the first 10 minutes of trading than they did for the first 2.5 hours with Lyft. - Uber is 9% of all trading at TD Ameritrade, retail loves this stock, - market is down today, which isn't helping Uber but its probably not much of a f…

It's insane how heavy the retail investor scene is right now. Everyone and their grandma is an expert on tech stocks it seems.

Re: Uber opens at $42 per share

#24
post #19
post #9

My primary disappointment with the Uber IPO is that I don't have a larger wad of money to cover a short position.

wow so edgy, can't even short on an IPO there are some CFD markets you can probably take a bearish position with, just fire up the VPN and move some crypto over to them

I didn't say that I had shorted them yet, simply that I see no hope for Uber (or Lyft for that matter). Of course with the recent inversion of the yield curve, I'm pretty bearish on the whole market and likely to get out for a year or two as I did in 2007/8/9.

Re: Uber opens at $42 per share

#25
post #15

Some notes from watching Uber open: - if it closes below $45(its IPO price) it will be the first time since 2008 that the happened for a major IPO - TD Ameritrade executed more orders in the first 10 minutes of trading than they did for the first 2.5 hours with Lyft. - Uber is 9% of all trading at TD Ameritrade, retail loves this stock, - market is down today, which isn't helping Uber but its probably not much of a f…

doesn't matter, made $8,100,000 in a day oh you were worried about the traders and hopeful Uber employees that bet half a decade of their life on a good share price HA HAHAHA. Should really start looking at this from the underwriter and issuer perspective to understand the success story here. Retail buys ticker symbols that have been marketed to them. Everyone else dumps. Company made a ton of money and can do whatev…

I feel like this point could’ve been made stronger without all the resentment

Re: Uber opens at $42 per share

#26
post #21

Earlier quoted context omitted.

Just like Amazon at its IPO.

Maybe I don't remember it well enough but Amazon's business model seemed a lot more ... tangible than Uber's don't you think?

In the 1997, Amazon's proposition of "Online retailer" was also pretty far fetched. It wasn't obvious that their model was going to make them one of the largest retailers in the world.

Re: Uber opens at $42 per share

#27
post #26
post #21

Earlier quoted context omitted.

Maybe I don't remember it well enough but Amazon's business model seemed a lot more ... tangible than Uber's don't you think?

In the 1997, Amazon's proposition of "Online retailer" was also pretty far fetched. It wasn't obvious that their model was going to make them one of the largest retailers in the world.

I duno, buying stuff online seemed like the way of the future at the time IMO. When, how much and etc was just a matter of timing.

Re: Uber opens at $42 per share

#28
post #15

Some notes from watching Uber open: - if it closes below $45(its IPO price) it will be the first time since 2008 that the happened for a major IPO - TD Ameritrade executed more orders in the first 10 minutes of trading than they did for the first 2.5 hours with Lyft. - Uber is 9% of all trading at TD Ameritrade, retail loves this stock, - market is down today, which isn't helping Uber but its probably not much of a f…

doesn't matter, made $8,100,000 in a day oh you were worried about the traders and hopeful Uber employees that bet half a decade of their life on a good share price HA HAHAHA. Should really start looking at this from the underwriter and issuer perspective to understand the success story here. Retail buys ticker symbols that have been marketed to them. Everyone else dumps. Company made a ton of money and can do whatev…

[deleted]

Re: Uber opens at $42 per share

#29
post #22

As an employee you typically don’t want your stock to skyrocket on the IPO. Most that do plummet as early investors sell and the employees (who have a lockup period preventing them from selling) watch their “gains” disappear. In my opinion, it’s better to have an accurately priced stock that grows at a healthy rate.

A cart before the horse. Who gets the most profit? The people who finance the project or the people who actually do the project? In a just world, would it be 50/50? Seems skewed... without the builders, there would no buildings.

Re: Uber opens at $42 per share

#30

Some notes from watching Uber open: - if it closes below $45(its IPO price) it will be the first time since 2008 that the happened for a major IPO - TD Ameritrade executed more orders in the first 10 minutes of trading than they did for the first 2.5 hours with Lyft. - Uber is 9% of all trading at TD Ameritrade, retail loves this stock, - market is down today, which isn't helping Uber but its probably not much of a f…

> if it closes below $45 it will be the first time since 2008 that the happened for a major IPO

Sorry, first time that what happened?

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