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/biz/ - Business & Finance

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13590449 No.13590449 [Reply] [Original]

> -5.71%
> worst big tech IPO since 2008
https://www.nyse.com/quote/XNYS:UBER
https://www.nytimes.com/2019/05/10/technology/uber-stock-price-ipo.html

OH NO NO NO NO

>> No.13590466

>>13590449
>company literally has zero profits
>(((analysts))) predicted biggest IPO ever
this is clown world

>> No.13590495

>says the future is automated cars
>forgetting no one will need uber when they can buy their own automated car

>> No.13590557

>>13590466
They are losing at a rate of 3 to 4 billion dollars per year, I seriously can't understand how they are still operational.

>> No.13590575

>>13590495
LOL

>> No.13590592

>>13590495
The automated cars will unironically own other automated cars in the future. Robots owning robots, its gonna be a wild ride

>> No.13590634

>>13590557
Raise more money because they are growing revenues.

>> No.13590715

>Closing price: 41.57 USD −3.43 (7.62%)

Press S to spit.

>> No.13591633

bump

>> No.13591639

>>13590449
who the fuck would pay 45$ a share for this trash?

>> No.13591654

>>13590449
Stock boomers on legit suicide watch. 5% is 50% in crypto

>> No.13591677

>>13590449
Didn't invest in uber, company isn't making profits, drivers are mad as hell with the company. And users are getting scared from bad news of drivers commiting murder, rape and other violent attacks. Unless uber gets driverless cars, investors are not really convinced.

>> No.13591690

>>13590449

>-5.71%

My crypto portfolio does this literally every 2 hours.

Holy fuck once the boomers die off stocks are gonna literally die. How the fuck are we gonna get dopamine rushes from such puny volatility?

>> No.13591701

>>13591690
>Holy fuck once the boomers die off stocks are gonna literally die. How the fuck are we gonna get dopamine rushes from such puny volatility?
Not everyone likes the fast lane, some kids like going slow and steady.

>> No.13591717

How is uber doing so bad? What the fuck is their overhead?

>> No.13591738

>>13591690
Safer leverage trading is why I prefer stocks. Crypto is too new and hence why I only holding long

>> No.13591747

>>13591717

To paraphrase it, a trader on the floor said that "Nobody wants your fucking stock if you're not actually making any money."

>> No.13591761

>>13591717
They were overvalued on purpose and this is the exit scam.

>> No.13591773

First day sell off on IPOs is common. It doesn't mean the market thinks the stocks sucks. Just that nobody us interested in paying a significant premium over funding round prices for it on day 1. It'll drop some more, build a support somewhere, have a bull run. Same deal with Lyft.

>> No.13591775

>sell a fuckload of stocks to key partners below the ipo price
>the key partners sell below ipo price for a profit right after launch

How are people so stupid?

>> No.13591783

>>13591738
How’s that monster tasting pal

>> No.13591810

>>13591783

>> No.13591817

>>13591747
>Nobody wants your fucking stock if you're not actually making any money."

Not true. Everything depends on where the chart is and whether traders think they can make money swinging it. Especially on hype ipos like these, a run at some point is likely so long as they're staying in business.

>> No.13591832

>>13591690
It actually closed at -7.62% which is extremely bad and even rare for an IPO.

Consider for instance last week Beyond Meat's IPO, which closed at +163%...

>> No.13591834
File: 39 KB, 479x269, clownworld.jpg [View same] [iqdb] [saucenao] [google]
13591834

>>13590592
HONK HONK

>> No.13591845

>>13591783
Better than the dirt scraps all the crypto kiddies on this board are pining for.

>>13591817
This. Biotech is the perfect example. Meanwhile, BYND is about to tank into the fucking ground because it's just a vegan meat company. That being said I'm mad I missed out on that short bullrun everyone had with this stock, but who the fuck expected ATH to be 200 percent of its ipo price

>> No.13592345
File: 39 KB, 736x601, Thinking.jpg [View same] [iqdb] [saucenao] [google]
13592345

>>13590449

Germanfag here
I dont know 'bout you but most Millennials and Native Digitals dont do driving licenses anymore, also they turn more and more to environmentalist and get influnced easily on social media to get more radicalised on this term.
It could be a huge chance but not in less then at least 10 years

>> No.13592580

>>13591690
Dividends, m'dude.
Nothing like reliable passive income. You can't get that from crypto.