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re: Uber stock
Posted on 5/10/19 at 2:02 pm to crazycubes
Posted on 5/10/19 at 2:02 pm to crazycubes
Yea but that’s not all Uber does, nor is it all they will do.
1
Posted on 5/10/19 at 2:32 pm to Shepherd88
quote:
Yea but that’s not all Uber does
you're right...the other thing uber does is lose money, and very well at that
the only way to profitability is going to be to raise prices and lower costs. easy right? the war with their drivers seems to be going according to plan. they should just get rid of all those pesky drivers and ...
Posted on 5/10/19 at 2:46 pm to cgrand
When Facebook IPO’d they didn’t make money. They didn’t even have ad’s on their site at that time. So to say it’s a poor investment bc they’re not profitable at this time is stupid.
Posted on 5/10/19 at 2:50 pm to Shepherd88
how many shares did you buy today?
Posted on 5/10/19 at 2:56 pm to cgrand
Just 25, lol. I fully expect to average down too but I wanted to establish a position just in hopes.
Posted on 5/10/19 at 3:20 pm to Shepherd88
I'm contemplating taking in position in both lyft and Uber once they both settle in.
I'm starting to like the roadmap that they're laying out and I think at least one of them will prevail. My hangup right now is their management. I have no read on whether or not they can both execute those those plans.
I'm starting to like the roadmap that they're laying out and I think at least one of them will prevail. My hangup right now is their management. I have no read on whether or not they can both execute those those plans.
Posted on 5/10/19 at 3:47 pm to castorinho
quote:Pun intended??
I'm starting to like the roadmap that they're laying out
Posted on 5/10/19 at 5:36 pm to LSURussian
Nice catch
You're giving me too much credit.
You're giving me too much credit.
Posted on 5/10/19 at 8:02 pm to cgrand
quote:
the only way to profitability is going to be to raise prices and lower costs. easy right? the war with their drivers seems to be going according to plan. they should just get rid of all those pesky drivers and ...
Simply not true. If you lack creativity, then yes, that statement would be correct. I’m not an investor yet, because I think the valuation is still pretty high. That said, I think they will find a creative way to increase revenue. Whether it’s ads, automation, or expanding the leasing program to drivers. Who knows.
I’d like the opportunity to get in at a 50-60 billion valuation. Who knows if that will happen, but if the market as a whole continues to slide, that might be a possibility and I be a buyer. That would be $30-36 share price and 20-30% decline from IPO price. Not unfathomable.
Posted on 5/10/19 at 8:38 pm to TigerDeBaiter
Certainly plausible for it to drop that much, especially after what happened to lyft. Although, I see Uber bringing a lot more to the table than lyft does.
I can see within the next 10 years likely being able to call up an Uber that’s a driverless electric vehicle. It’ll take you to your destination based on where you tell it via the app.
Then expand that same concept to freight shipping as well. Needless to say we got a lot of cool technology to expand upon in the near future.
I can see within the next 10 years likely being able to call up an Uber that’s a driverless electric vehicle. It’ll take you to your destination based on where you tell it via the app.
Then expand that same concept to freight shipping as well. Needless to say we got a lot of cool technology to expand upon in the near future.
Posted on 5/10/19 at 9:45 pm to Shepherd88
I’m more skeptical. Once you cross state lines, you are dealing with the federal government. That is a whole another animal compared to taxi service and a random city counsel.
Posted on 5/11/19 at 9:56 am to Shepherd88
quote:
I can see within the next 10 years likely being able to call up an Uber that’s a driverless electric vehicle.
cool
I’ll buy it in 10 years then
meanwhile they’ll have to report earnings 40 times
Posted on 5/11/19 at 10:10 am to Shepherd88
quote:
Then expand that same concept to freight shipping as well.
automated freight transport was invented in the 1800s
they called it a “train”
Posted on 5/12/19 at 12:21 am to cgrand
You think Amazon negotiating Sunday delivery with the post office was mind boggling, wait until Uber makes every driver in the country the mail man...
This post was edited on 5/12/19 at 12:25 am
Posted on 5/12/19 at 7:11 am to LSUShock
I have a question. What do these companies spend their money on? Software? Lyft had revenues of over $2B last year and lost $9/share in the first quarter. I can’t figure out where all that revenue goes.
Posted on 5/12/19 at 9:04 am to Janky
quote:They have administrative staff and they have to pay their drivers. There's also server time and marketing & advertising expenses.
What do these companies spend their money on?
Posted on 5/12/19 at 9:40 am to Janky
Drivers get 25%+ of all revenues so that’s an easy one off the top. There are a lot of people required to run the company, IT expenses, marketing, the list goes on...
Posted on 5/12/19 at 2:03 pm to Janky
quote:
I have a question. What do these companies spend their money on? Software? Lyft had revenues of over $2B last year and lost $9/share in the first quarter. I can’t figure out where all that revenue goes.
10-Q Doesn't appear to have been filed yet, but this was from their earnings press release.
Posted on 5/13/19 at 10:43 am to castorinho
Huge R&D expense has to be the push into AI driving.
UBER getting tempting down to ~$37 now.
UBER getting tempting down to ~$37 now.
Posted on 5/13/19 at 10:47 am to Janky
quote:
What do these companies spend their money on?
Lawyers, Lawyers, and more Lawyers
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