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Law Firm Announces Investigation on Behalf of Uber Technologies Inc Investors

news.ycombinator.com

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Re: Law Firm Announces Investigation on Behalf of Uber Technologies Inc Investors

#3

Post by raiyu »

fstuff wrote: post #2

What the heck could this be about? They just IPO'd and the investors are mad the stock is down? Why would that be a reason to sue... Or I assume sue... Why would this require an investigation? Might be a dumb question

During the investor pitches there are projections and historical numbers that are provided of they are misleading this where a lawsuit is needed to uncover that.

That's what happened to Snapchat after they ipo. Turns out they had more warning internally that their numbers were slowing that weren't shared.

Re: Law Firm Announces Investigation on Behalf of Uber Technologies Inc Investors

#4

Post by fstuff »

raiyu wrote: post #3
fstuff wrote: post #2

What the heck could this be about? They just IPO'd and the investors are mad the stock is down? Why would that be a reason to sue... Or I assume sue... Why would this require an investigation? Might be a dumb question

During the investor pitches there are projections and historical numbers that are provided of they are misleading this where a lawsuit is needed to uncover that. That's what happened to Snapchat after they ipo. Turns out they had more warning internally that their numbers were slowing that weren't shared.

Oh I didn't hear about a snap lawsuit, I knew their stock tanked but I don't know about the lawsuit. I'll Google it. I figured after they put out the ipo perspective it was "buyer be ware".
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