Uber imposes engineer hiring freeze as losses mount
finance.yahoo.com
Uber imposes engineer hiring freeze as losses mount
1–10 of 19 posts
Re: Uber imposes engineer hiring freeze as losses mount
#2The clock is ticking and they seem to have no plan at all. So weird to see such a massive company go public with no ideas or serious attempts at becoming profitable, ever.
Congrats to all the investors and employees who were able to cash out before whenever. Everyone else is about to get very, very angry.
Re: Uber imposes engineer hiring freeze as losses mount
#3The clock is ticking and they seem to have no plan at all. So weird to see such a massive company go public with no ideas or serious attempts at becoming profitable, ever. Congrats to all the investors and employees who were able to cash out before whenever. Everyone else is about to get very, very angry.
I guess if they don't find out how to turn a profit in time, this will probably end in tears for the investors.
In alight with the disappointing Q2 even after Q1 due to their IPO cost, soon the most hyped IPO of the year is now turning into a nightmare for everyone else.
It sounds like the IPO party was over before it had even started.
Re: Uber imposes engineer hiring freeze as losses mount
#4The clock is ticking and they seem to have no plan at all. So weird to see such a massive company go public with no ideas or serious attempts at becoming profitable, ever. Congrats to all the investors and employees who were able to cash out before whenever. Everyone else is about to get very, very angry.
I guess if they don't find out how to turn a profit in time, this will probably end in tears for the investors. In alight with the disappointing Q2 even after Q1 due to their IPO cost, soon the most hyped IPO of the year is now turning into a nightmare for everyone else. It sounds like the IPO party was over before it had even started.
All the investors are already counting their winnings. They've been out for months, years. Seems like they are now just burning through a billion a month in stock option compensation before it all comes crashing down.
It's bizarre to see such a blatant scam being run out in the open. People used to have shame.
Re: Uber imposes engineer hiring freeze as losses mount
#5I think they've gotten "engineering" confused with "engineer"—plenty of people are in the engineering org that aren't engineers.
Re: Uber imposes engineer hiring freeze as losses mount
#6Earlier quoted context omitted.
I guess if they don't find out how to turn a profit in time, this will probably end in tears for the investors. In alight with the disappointing Q2 even after Q1 due to their IPO cost, soon the most hyped IPO of the year is now turning into a nightmare for everyone else. It sounds like the IPO party was over before it had even started.
All the investors are already counting their winnings. They've been out for months, years. Seems like they are now just burning through a billion a month in stock option compensation before it all comes crashing down. It's bizarre to see such a blatant scam being run out in the open. People used to have shame.
Maybe because it’s not a scam and just not a profitable business venture?
Re: Uber imposes engineer hiring freeze as losses mount
#7The clock is ticking and they seem to have no plan at all. So weird to see such a massive company go public with no ideas or serious attempts at becoming profitable, ever. Congrats to all the investors and employees who were able to cash out before whenever. Everyone else is about to get very, very angry.
As someone who was doing projects for several companies when the dot-com bubble burst, companies like Uber and Wework seem like whatever we had then but at a far bigger scale. The fundamentals do not work so how does anyone think this will end well?
Re: Uber imposes engineer hiring freeze as losses mount
#8The clock is ticking and they seem to have no plan at all. So weird to see such a massive company go public with no ideas or serious attempts at becoming profitable, ever. Congrats to all the investors and employees who were able to cash out before whenever. Everyone else is about to get very, very angry.
Uber's lockup period is 6 months or 180 trading days.
https://www.nasdaq.com/markets/ipos/company/uber-technologie...
Re: Uber imposes engineer hiring freeze as losses mount
#9this seems reactionary. I mean if they didn't need to hire those engineers in the first place, why hire them?
Re: Uber imposes engineer hiring freeze as losses mount
#10The clock is ticking and they seem to have no plan at all. So weird to see such a massive company go public with no ideas or serious attempts at becoming profitable, ever. Congrats to all the investors and employees who were able to cash out before whenever. Everyone else is about to get very, very angry.
Uber's lockup period is 6 months or 180 trading days. https://www.nasdaq.com/markets/ipos/company/uber-technologie...
1 year by contract for most employees.