Its really tough to try place these kind of bets on an IPO. There is no historical trading data, and we dont know if there are existing naked shorts from the big fish that may need to cover at any time.
The NLRB came to the conclusion that the strike that the "employees" performed was unacceptable and the company doesn't have to recognize their attempt at organization because they're considered "independent contractors" which is a way that many companies take advantage of their employees and get them at a better wage, make them take care of their own healthcare in most cases, etc. Good ruling for UBER as a company and investors, but bad for the workers.
Following the biggest decline since the IPO over the past few weeks, UBER is getting some bounce here.
Earlier today: "Reshaping the gig economy, California lawmakers have approved a landmark bill that requires companies like Uber and Lyft to treat contract workers as employees. Some estimates suggest costs for those firms would increase by 30% as a result. The bill, known as Assembly Bill 5, may also influence other states." Uber responds: Uber CLO Tony West says the company won't treat contractors as employees under the newly approved California bill. West says Uber's business is "serving as a technology platform for several different types of digital marketplaces" and not providing rides, which means drivers aren't a core part of the business and can remain independent when the law goes into effect in January. West also notes that Uber is "no stranger to legal battles."
Hi, do you think the november bottom would be in the 23 to 24 area? I am bigly short on Uber, but totally unsure where to set the take profit levels, do you have any hints how can i compute these points? The intersection of the lines you draw do intersect around 24, is that right? Thank you so much
In my opinion, there was support at $28.65ish. It lost that yesterday. Who knows where the bottom is, but if you really want to protect profits, I'd personally close my position if it gets back up to that level.
I really like Uber Freight. It is a slow-moving revolution in logistics. Uber Freight could easily be work far more than the passenger service. This might be a good time to get in.
【UBER: A fighter or a loser?】 I’m telling ya all, being a dream catcher is never easy. People will keep putting you down while you’re on the way to success. Do you all think UBER is a dream catcher? Should you give it a chance? See my thoughts below. ---Promise or Non-sense--- About the company They’re mostly known for getting stoners like you and I to get home safely. Uber is available in over 900 cities globally. They offer Uber Ride/Eats/bikes/freight. Most of the revenue comes from Uber Rides and Eats. The first stage of UBER, requires lots of money as they give out discount codes and even free rides in order to gain new members. Is UBER making money ACTUALLY? It’s a simple no. They were clearly impacted by the pandemic. However, here’s a part where many people overlook. Uber has a lot of cash to work on and operate. They already survived the worst year. Now it’s just the beginning. Is UBER worth Trading/Investing? I know the numbers look pretty bad, but I personally still feel optimistic about their future as they’re closer to their second stage of their plan. UBER is one of the biggest victims of the pandemic. As the pandemic eases, I expect more people taking UBER to places. It all depends on if you’re willing to take a risk. Uber is still expanding after they formed a strong base of active users.