Uber Technologies Inc.

[weijian]

This probably sums up what has happened in the last 1.5years.

The Fall of Travis Kalanick Was a Lot Weirder and Darker Than You Thought

A year ago, before the investor lawsuits and the federal investigations, before the mass resignations, and before the connotation of the word “Uber” shifted from “world’s most valuable startup” to “world’s most dysfunctional,” Uber’s executives sat around a hotel conference room table in San Francisco, trying to convince their chief executive officer, Travis Kalanick, that the company had a major problem: him.

https://www.bloomberg.com/news/features/...ou-thought

[weijian]

No disrespect to the 2 victims of self driving experiments. But i thought such accidents are to be expected. If one were to contrast it to the early days of automobiles, much more fatalities were recorded when people switched from horses to automobiles.

https://www.detroitnews.com/story/news/l.../26312107/

I thought it would also be interesting to compare the actual base rates of accidents/fatalities between manual driving automobiles and self driving automobiles to have a better gauge of whether self driving on aggregate, is going to provide more benefit to drivers/pedestrians or not.

Self-driving Uber car kills Arizona woman crossing street

AN FRANCISCO: Ride-sharing giant Uber said on Monday (Mar 19) it is suspending its self-driving car programme after one of the vehicles struck and killed a pedestrian in the US state of Arizona. Elaine Herzberg, 49, was walking her bicycle outside the crosswalk on a four-lane road in the Phoenix suburb of Tempe on Sunday when she was struck by the Uber vehicle travelling at about 65km per hour, police said. The car was in autonomous mode with an operator behind the wheel.

https://www.channelnewsasia.com/news/wor...a-10057942

[Wildreamz]

Uber Technologies Inc., estimated IPO date: 2019 (source: https://www.cnbc.com/2018/05/30/uber-ceo...ffett.html)

---

Buffett Proposed $3 Billion Uber Investment But Deal Crumbled
https://www.bloomberg.com/news/articles/...s-crumbled
May 31, 2018, 4:05 AM

* Arrangement was similar to Berkshire’s post-crisis Goldman bet
* Uber investment said to fall apart over terms, deal size

[brattzz]

shrewd buffet but I don't think Uber needs his 3bs... (Softbank is behind them anyway)...

[Wildreamz]

After investing in IBM, Apple (some people considers BYD a tech stock too) and apologizing in the 2017 Berkshire Annual meeting for not investing in Alphabet and Amazon; in 2018, Buffett continues to venture deeper into the tech space, increasing his position in Apple to >US$44 billion, and now flirting with an Uber deal that didn't fall through. 

I always thought he head-faked a generation of (value ?) investors to neglect the modern tech sector during their formative years.

Perhaps people parse his words on face value too much? Warren himself always went back to reassess old views and assumptions, and continues to make adjustments, with every new information available.

[cyclone]

Exclusive: Uber plans to sell around $10 billion worth of stock in IPO - sources

Joshua Franklin, Carl O'Donnell
APRIL 10, 2019 / 8:08 AM / UPDATED 3 HOURS AGO

(Reuters) - Uber Technologies Inc has decided it will seek to sell around $10 billion worth of stock in its initial public offering, and will make public the registration of the offering on Thursday, people familiar with the matter said on Tuesday.

An IPO of this size would make Uber one of the biggest technology IPOs of all time, and the largest since that of Chinese e-commerce giant Alibaba Group Holding Ltd in 2014.

Uber is seeking a valuation of between $90 billion and $100 billion, influenced by the poor performance of smaller rival Lyft Inc’s shares following its IPO late last month, the sources said. Investment bankers previously told Uber it could be worth as much as $120 billion.

Uber most recently was valued at $76 billion in the private fundraising market.

Most of the shares sold would be issued by the company, while a smaller portion would be owned by Uber investors cashing out, one of the sources said.

Uber plans to make its IPO registration with the U.S. Securities and Exchange Commission publicly available on Thursday, and will kick of its investor roadshow during the week of April 29, putting it on track to price its IPO and begin trading on the New York Stock Exchange in early May, the sources said.

The sources cautioned that the plans are still subject to change and market conditions, and asked not to be identified because the matter is confidential.

More details in https://www.reuters.com/article/us-uber-...SKCN1RM03L

[Big Toe]

All ride hailing firms that I know are valued highly but have not figured a way out to make money.
In fact their cash burn looks to accelerate with their ambitious plan to offer everything to everyone.
(Food delivery, payments, car leasing, bike share, etc)

If they can succeed in making money, it will be spectacular as they offer everything.
If they fail, they will fail spectacularly as well.

[BRT]

Four things Uber’s IPO filing reveals about Grab

1. Uber can sell its holdings in Grab
2. If Grab does not go for an IPO by March 2023, it may be required to buy back Uber’s holdings in it
3. Uber cannot compete with Grab in SEA until March 2023
4. Did Uber get 30% stake in Grab last year? It held 23.2% in Grab as of end-Dec 2018

https://www.dealstreetasia.com/stories/4...ab-130523/

[cyclone]

Uber valued as high as $83.8 billion after setting price range for shares
* Uber released a revised S-1 that gives a price range for its shares when they start trading next month.
* The company is the latest of several large tech firms to enter the IPO process this year.
* Uber will begin its IPO roadshow Friday.

Steve Kovach
Published 26 April 2019

Uber set a price range of $44 to $50 per share for its IPO Friday in an updated filing. It would be valued at about $84 billion at the high end of the range.

The company seeks to raise about $10 billion in its IPO. The company will begin its IPO roadshow on Friday.

Early reports suggested Uber could be valued as high as $120 billion. Even at the high end of Uber’s range, its valuation would be far less than many expected. Uber’s last private valuation was about $76 billion.

The company also announced that PayPal invested $500 million in Uber.

More details in https://www.cnbc.com/2019/04/26/uber-set...to-50.html

[brattzz]

They want to be like a gst tax on everything that can be a service! 🤣