All Forums | Investments

Uber Announcement

Participants:
Search model icon
Views: 387
Posts: 4
 
Hall of Fame
Participation Meter
Joined: May, 2007
Posts: 22730
Posted: #1

Uber announced today they were going to raise prices to satisfy investors? WTF? 

You have investors effective today & need to raise prices already?

That's total bullshit.

 
Veteran
Participation Meter
Joined: Sep, 2009
Posts: 2090
Posted: #2
These guys will have a hard time getting profitable in the foreseeable future, 70 billion valuation are you f kidding me.
 
Prospect
Participation Meter
Joined: Sep, 2019
Posts: 8
Posted: #3

Will Uber ever make a profit? Maybe. There is one obvious answer to this question: higher fares. Theoretically, it would create more profits if customers don't walk away from this.

https://www.igorbnews.com/2019/11/uber-stock-hits-record-low-37-from-ipo.html

 

 
 
Prospect
Participation Meter
Joined: Sep, 2019
Posts: 8
Posted: #4

Uber shares fell to an all-time low on Wednesday. This is as the stock lock-up period ends. The lock-up period is 180 days after the company's IPO. This means that everybody is free to sell shares. This is happening after Uber released its 3rd quarter earnings report on Monday. The company continues to report big losses.

Uber stock hits record low: 37% from IPO price

All Forums | Investments
About Us
Contact Us
Careers
Our Team
Brand
Testimonials
Betting Guides
Sportsbook Reviews
Sports Betting News
Podcasts
Responsible Gaming
Sports Betting
US Betting Sites
Canada Betting Sites
Canada Casinos
Best Betting Apps
Contests
Streak Survivor
King of Covers
Ultimate Race
Office Pools
The Covers community has
618,670
lifetime members worldwide
Covers 25 Years Logo Established in 1995,
Covers is the world
leader in sports
betting information.
Site Map Help Privacy Terms of Service youtube logo facebook logo twitter logo instagram logo linkedin logo google news logo
Covers is verified safe by: Evalon Logo GPWA Logo GDPR Logo GeoTrust Logo Evalon Logo
Copyright © 1995 - 2025 CS Media Limited All Rights Reserved.

If you choose to make use of any information on this website including online sports betting services from any websites that may be featured on this website, we strongly recommend that you carefully check your local laws before doing so.It is your sole responsibility to understand your local laws and observe them strictly.Covers does not provide any advice or guidance as to the legality of online sports betting or other online gambling activities within your jurisdiction and you are responsible for complying with laws that are applicable to you in your relevant locality.Covers disclaims all liability associated with your use of this website and use of any information contained on it.As a condition of using this website, you agree to hold the owner of this website harmless from any claims arising from your use of any services on any third party website that may be featured by Covers.