Irish Taxi Forum

Public Area => Taxi Talk => Topic started by: john m on May 10, 2019, 10:22:32 am

Title: UBER
Post by: john m on May 10, 2019, 10:22:32 am
Set to float on the Stock Exchange today .They are manipulating the share price by limiting the amount of shares for sale ,this will guarentee the share price rises immediatly after they are issued .Ponzi scheme taxis are now only an add on they are looking at deliveries and autonomous vehicles to drive growth .
Title: Re: UBER
Post by: The Liffey Lip on May 10, 2019, 10:42:49 am
Facebook did the same and it did them no harm....are stocks and shares not all Ponzis by definition?
Title: Re: UBER
Post by: john m on May 10, 2019, 10:47:57 am
UBER want tobe transport kings .Do they think existing taxi businesses ,postal businesses ,delivery services are all going to roll over .Their valuation is based on controling the entire delivery services .It reminds me of ENRON its share price will rise investers will cash out and ma and pa savings and pension funds will end up with worthless paper unlike facebook or google who were selling something new UBER are selling a service that already exists and they dont own .
Title: Re: UBER
Post by: The Liffey Lip on May 10, 2019, 10:49:06 am
Someone's about to make serious dough...........and it's not us.
Title: Re: UBER
Post by: john m on May 10, 2019, 10:53:27 am
Someone's about to make serious dough...........and it's not us.

Magic beans or the Emperors New Clothes we were warned when we were kids .
Title: Re: UBER
Post by: The Liffey Lip on May 10, 2019, 10:54:45 am
Brainwashing comes in many forms.......repeat the lies or fail your exams.
Title: Re: UBER
Post by: john m on May 10, 2019, 10:57:19 am
https://en.wikipedia.org/wiki/Tulip_mania
Title: Re: UBER
Post by: The Liffey Lip on May 10, 2019, 11:06:37 am
Heard of Mackay before........delusions are sold everywhere, John...wear a Tena pad and you won't stink of urea or nobody will notice the bulge around your growler etc....


http://www.youtube.com/watch?v=tPk9HSLagVg (http://www.youtube.com/watch?v=tPk9HSLagVg)
Title: Re: UBER
Post by: Taxi driver42 on May 10, 2019, 11:13:50 am
Uber is pushing here again with rural hacks

On the way
Title: Re: UBER
Post by: john m on May 10, 2019, 11:15:14 am
Uber is pushing here again with rural hacks

On the way

mytaxi are leading that brigade .
Title: Re: UBER
Post by: john m on May 10, 2019, 11:30:07 am
Someone's about to make serious dough...........and it's not us.

Use to be part of a Share investors club but left it as to many know alls who knew fuck all .Lad sent me a text crying .They are invested in UBER @$90 a share at close of business today if the price is less they CFD for the difference if above they collect the difference .They were thinking it would debut @ $90 a share .I remember pointing out UBER have no ASSETTS think they will debut at about half that climbe rapidly then fall back .Dont know how many shares they are in for but could be very expensive and unlike the bookies share losses are recoverable by law .
Title: Re: UBER
Post by: john m on May 10, 2019, 11:36:26 am
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Title: Re: UBER
Post by: john m on May 10, 2019, 02:59:20 pm
Only 180million shares forsale watch the mugs bidding them up then when the other Billion and a half go on sale they get wiped out .
Title: Re: UBER
Post by: Cool Boola on May 10, 2019, 03:24:40 pm
Fools and money
Title: Re: UBER
Post by: silverbullet on May 10, 2019, 03:45:08 pm
Watching the flotation on Bloomberg.
Confidence is low.
Title: Re: UBER
Post by: john m on May 10, 2019, 04:20:16 pm
Bid below offer .DISASTER .
Title: Re: UBER
Post by: john m on May 10, 2019, 04:28:25 pm
Looking like it might be the worst IPO of all times .Fools and their money look like they wont be parted .BUT ...Bollox is falling out of LYFT as well .
Title: Re: UBER
Post by: john m on May 10, 2019, 04:32:02 pm
Watching Dara looks like a worried man .Market opened two hours and not a single share traded .
Title: Re: UBER
Post by: john m on May 10, 2019, 04:50:58 pm
Whats happening .UBER are guarenteed 8 Billion the losers are the Big Banks who underwrote the share launch .BUT people are realizing UBER own nothing no cars no drivers nothing .They are selling nothing .
Title: Re: UBER
Post by: silverbullet on May 10, 2019, 05:02:28 pm
Below $42.00.atm.
Title: Re: UBER
Post by: silverbullet on May 10, 2019, 05:05:57 pm
Experts saying uber charge 2.50 per mile, driver take is 1.75.
Now if they could get rid of the driver?
The alternative is a 30% price hike.
Punters are fickle and will vote with their purse.
Title: Re: UBER
Post by: john m on May 10, 2019, 05:16:04 pm
nearly one and a half billion more shares to be sold .today was only getting some petty cash .wait till they try sell the actual shares .
Title: Re: UBER
Post by: Octavia1 on May 10, 2019, 08:49:35 pm
https://news.sky.com/story/uber-treads-cautiously-with-82-4bn-valuation-ahead-of-market-debut-11715868

Ha ha
Title: Re: UBER
Post by: Jack Meoff on May 10, 2019, 09:14:28 pm
Suppose not bad for a company that hasn’t made a profit and probably never will.
Title: Re: UBER
Post by: Belker on May 10, 2019, 09:40:09 pm
Anything with Travis Kalanick's name attached to it is gonna be hard to sell.
Travis thought he was the next Jesus Christ, but as it turned out he wasn't fit to tie Jesus's boots !
Travis got a good Ten years outta his yankee bullshite, Jesus got 2 Thousand years and counting !
Title: Re: UBER
Post by: john m on May 12, 2019, 10:38:34 pm
Uber share price opened @45 bet my Cardiff City winnings that the share price will drop below $40 this week .Donny T has just picked a Fight with China A fight he cannot win Recession Part 2 just around the corner .
Title: Re: UBER
Post by: john m on May 13, 2019, 12:19:54 pm
PAYDAY ..Uber shares just broke $40 looks like people are asking what are they actually selling and do they actually own it .?
Title: Re: UBER
Post by: mercenary for hire on May 13, 2019, 12:26:50 pm
Nice one.The Uber mania is getting fueled by the users and possibly the drivers who think it's a magical new idea.Not realising that hacks or similar have been around a long time filling in the gaps taxis leave behind.Uber is just hacks with apps rather than radios.I sometimes explain Ubers business model to our customers from abroad and they're shocked that the drivers get subsidised to operate below the taxi meter.They think the lad behind the wheel can live on cut priced fares indefinitely.They're the ones buying the shares.
Title: Re: UBER
Post by: john m on May 13, 2019, 12:40:31 pm
I looked into Uber before it floated and there is no figure for driver churn .They have a figure for active drivers and active users but how many of those drivers are active and how many passengers are active .Uber were losing almost $2.16c per trip after paying drivers and riders to sign up ..Looking at traffic you could only guarentee a 5 minute pick up time if about 30% of cars on the road were aligned .Their taxi product is a loser .Driverless cars wont happen in my lifetime .Trumps trade war with China is all about oil .Most of the rare earths needed to build batteries comes from China .Trumpwill convince drivers to stay with oil and not allow China control the supply of Batteries .

A bit like sewing a second fanny on to a woman or sticking an extra pair of tits on her ,it sounds like a great idea doubling the output but nobody really wants it .
Uber have another two billion shares to sell .This was not a real IPO it was just a public funding round dressed upas an IPO .Based on their turnover and investments in other tec companies .Ubers realvalue is about $13 a share and at that price it couldnt cover its debts .
Title: Re: UBER
Post by: mercenary for hire on May 13, 2019, 12:44:18 pm
Double fanny?You should bring yer idea on the Dragons den..one of yer better ones..possibilities are endless.
Title: Re: UBER
Post by: john m on May 13, 2019, 12:51:08 pm
I worked with a few developers on an app offering meals .The idea was if you were cooking for your family then cook some extra and offer it for sale by collection to those who dont have time to cook for themselves .There were issues around food poisoning and food distribution and handeling law .The idea has been adopted in Worcester for older people through meals on wheels .The community provide drivers who will pick up the food and the diner pays the chef for the meal .
Title: Re: UBER
Post by: stonethecrows on May 13, 2019, 12:59:03 pm
I worked with a few developers on an app offering meals .The idea was if you were cooking for your family then cook some extra and offer it for sale by collection to those who dont have time to cook for themselves .There were issues around food poisoning and food distribution and handeling law .The idea has been adopted in Worcester for older people through meals on wheels .The community provide drivers who will pick up the food and the diner pays the chef for the meal .
Health and Safety laws would never allow this
Title: Re: UBER
Post by: john m on May 13, 2019, 01:31:37 pm
I worked with a few developers on an app offering meals .The idea was if you were cooking for your family then cook some extra and offer it for sale by collection to those who dont have time to cook for themselves .There were issues around food poisoning and food distribution and handeling law .The idea has been adopted in Worcester for older people through meals on wheels .The community provide drivers who will pick up the food and the diner pays the chef for the meal .
Health and Safety laws would never allow this

its just eat but with domestic providers in stead of dirthy professional kitchens .As the cooking facilities cannot be checked in line with hygien laws you cannot offer the service in Ireland  But had an interesting talk with insurers who when I asked how come air BnB can offer a service without insurance ,He said wait till somebody falls down the stairs and sues the homeowner he also said if you are renting a gaff then the owner should have owners liability insurance as the rental is a business .
Title: Re: UBER
Post by: john m on May 13, 2019, 09:15:53 pm
Won a lump of money today on Uber Share Price .Just had a bet for a grand to win 25K Uber Shares drop below $30 by year end .$30 a share would mean they have collapsed and the rest of the shares are worthless .
Title: Re: UBER
Post by: mercenary for hire on May 14, 2019, 12:11:26 am
Might happen tomorrow.
Title: Re: UBER
Post by: whoslast on May 14, 2019, 12:03:58 pm
Uber’s slide continues at $37 dollars today.
Title: Re: UBER
Post by: Octavia1 on May 15, 2019, 07:30:07 am

(https://i.postimg.cc/5YV2NhSH/Oz-Phantasm-625x300.png) (https://postimg.cc/5YV2NhSH)
Title: Re: UBER
Post by: silverbullet on May 15, 2019, 12:17:31 pm
Uber loses $7  Billion.
https://www.taxi-point.co.uk/single-post/2019/05/13/7-billion-wiped-off-Ubers-valuation-during-Mondays-trading-alone (https://www.taxi-point.co.uk/single-post/2019/05/13/7-billion-wiped-off-Ubers-valuation-during-Mondays-trading-alone)
Title: Re: UBER
Post by: silverbullet on May 15, 2019, 02:06:21 pm
Oh No!
Irish Examiner: Uber fiasco may hit WeWork.
http://www.irishexaminer.com/breakingnews/business/uber-fiasco-may-hit-wework-924156.html (http://www.irishexaminer.com/breakingnews/business/uber-fiasco-may-hit-wework-924156.html)
Title: Re: UBER
Post by: silverbullet on May 15, 2019, 02:22:35 pm
$12 Billion now:
Irish Examiner: Uber drops $12bn in value.
http://www.irishexaminer.com/breakingnews/business/uber-drops-12bn-in-value-924003.html (http://www.irishexaminer.com/breakingnews/business/uber-drops-12bn-in-value-924003.html)
Title: Re: UBER
Post by: markmiwurdz on May 15, 2019, 02:30:54 pm
Some of the owners want to cash in their chips methinks,they know it's all smokes and daggers... ::fds
Title: Re: UBER
Post by: silverbullet on May 15, 2019, 02:39:51 pm
 8)
Some of the owners want to cash in their chips methinks,they know it's all smokes and daggers... ::fds
8)
Title: Re: UBER
Post by: silverbullet on May 16, 2019, 01:11:44 pm
Uber to raise charges to punters and increase commission charged to drivers?

Business Insider: Uber stock price no longer has edge over Lyft: Analyst.
https://www.businessinsider.com/uber-stock-price-no-longer-has-edge-over-lyft-analyst-2019-5 (https://www.businessinsider.com/uber-stock-price-no-longer-has-edge-over-lyft-analyst-2019-5)
Title: Re: UBER
Post by: Rat Catcher on May 16, 2019, 05:09:24 pm
There's probably scope to increase fares in some markets. I'm not sure avbout London, the minicab market is highly competitive there but they could certainly increase fares from their Malaga base. Branded UberX their current rates are generally less than taxi fares but the service is a premium one, generally spotlessly clean pretty new Skoda Suburbs with suited and booted drivers who are heavily focussed on customer service.
Title: Re: UBER
Post by: Octavia1 on May 17, 2019, 06:25:57 pm

(https://i.postimg.cc/4nKmkYxF/FB-IMG-1558113875633.jpg) (https://postimg.cc/4nKmkYxF)
Title: Re: UBER
Post by: Rat Catcher on May 18, 2019, 02:46:29 pm
On balance Uber/mytaxi/et al is probably safer than just jumping in with any stranger displaying a "taxi" sign - particularly in Ireland where thousands of convicted criminals are licensed, not to mention millions of immigrants with unverifiable backgrounds - according to the drivers' own representative bodies.

Of course, there is no foolproof system but the internet tracking acts as a deterrent given that offenders are far more likely to be caught if they operate with an app based rideshare firm. In Ireland all Uber and mytaxi drivers are licensed by An Garda Síochána and, similarly, in Malaga and London all are licensed by the relevant authorities. Interestingly, Uber's Malaga base seems to employ a lot more lady drivers than in other cities, probably not far off a 60-40 gender balance.
Title: Re: UBER
Post by: silverbullet on May 18, 2019, 03:16:08 pm
On balance Uber/mytaxi/et al is probably safer than just jumping in with any stranger displaying a "taxi" sign - particularly in Ireland where thousands of convicted criminals are licensed, not to mention millions of immigrants with unverifiable backgrounds - according to the drivers' own representative bodies.

Of course, there is no foolproof system but the internet tracking acts as a deterrent given that offenders are far more likely to be caught if they operate with an app based rideshare firm. In Ireland all Uber and mytaxi drivers are licensed by An Garda Síochána and, similarly, in Malaga and London all are licensed by the relevant authorities. Interestingly, Uber's Malaga base seems to employ a lot more lady drivers than in other cities, probably not far off a 60-40 gender balance.
Are they more likely to be 60 than 40?
Por Favor .
Title: Re: UBER
Post by: silverbullet on May 19, 2019, 01:51:58 pm
People are mugs:
Bloomberg: Uber and Lyft Make Traffic Worse.
https://www.bloomberg.com/news/videos/2019-05-18/uber-and-lyft-make-traffic-worse-video (https://www.bloomberg.com/news/videos/2019-05-18/uber-and-lyft-make-traffic-worse-video)
Title: Re: UBER
Post by: Rat Catcher on May 20, 2019, 06:03:12 pm
Closer to 40, SB. I think it's a ploy on the part of the rideshare firms to displace older drivers hence mytaxi spends so much on driver recruitment.
Title: Re: UBER
Post by: silverbullet on May 20, 2019, 10:22:48 pm
Closer to 40, SB. I think it's a ploy on the part of the rideshare firms to displace older drivers hence mytaxi spends so much on driver recruitment.

Do you know why Spanish men grow moustaches?
So they can look like their Mama's. 8)
Title: Re: UBER
Post by: whoslast on August 15, 2019, 03:33:25 am
After posting losses of €5.2 billion last week Uber share price down to €33.96.
Title: Re: UBER
Post by: Belker on August 15, 2019, 11:03:53 pm
After posting losses of €5.2 billion last week Uber share price down to €33.96.
John M will be having one less Pint tonight !  lol lol
Title: Re: UBER
Post by: john m on August 15, 2019, 11:48:44 pm
Won a lump of money today on Uber Share Price .Just had a bet for a grand to win 25K Uber Shares drop below $30 by year end .$30 a share would mean they have collapsed and the rest of the shares are worthless .


Im in an Investment club our bet on Uber shares to collapse from 45 yoyo to 30 by the end of the year is looking good  they are at 33 today .But most of our other bets are losers .I think they will go up Uber will use some of their cash to buy them.If they go below 30 thats 33% loss in less than 6 months nobody will want the other two Billion shares that are unsold .Its a crazy business they Lose about 2.30 per job they are successfull in getting more drivers and more passengers so the more successfull they become the more they lose .
Title: Re: UBER
Post by: Belker on August 16, 2019, 12:32:09 am
I see the Tesco Brown Sliced pan holding steady at .99C
https://www.tesco.ie/groceries/Product/Details/?id=250019826 (https://www.tesco.ie/groceries/Product/Details/?id=250019826)

Brennan's bread (sliced pan) goes fer 1.50 these days;
https://www.tesco.ie/groceries/Product/Details/?id=250330059 (https://www.tesco.ie/groceries/Product/Details/?id=250330059)

Is this really the End of the World ?
Title: Re: UBER
Post by: john m on August 16, 2019, 12:55:17 am
Its the end of Money ECB going to print billions more has to lead to hyper inflationat some time .When a kid is trousering 400 a week for their first job something has to give
Title: Re: UBER
Post by: john m on August 16, 2019, 08:10:57 am
British Stock market failed to open today @ 8.OC .Is it a hack or did somebody not pay the Electricity Bill or is it a Coup .
Title: Re: UBER
Post by: The Liffey Lip on August 16, 2019, 08:56:45 am
Murder ahead or is it just a game?
Title: Re: UBER
Post by: john m on August 16, 2019, 09:18:00 am
ECB hinted they were going to print more Euros .I wonder was there going to be a run on the £ so they shut down the StockMarket until they talked the banks into supporting the £ .
Title: Re: UBER
Post by: stonethecrows on August 16, 2019, 11:12:47 am
I see the Tesco Brown Sliced pan holding steady at .99C
https://www.tesco.ie/groceries/Product/Details/?id=250019826 (https://www.tesco.ie/groceries/Product/Details/?id=250019826)

Brennan's bread (sliced pan) goes fer 1.50 these days;
https://www.tesco.ie/groceries/Product/Details/?id=250330059 (https://www.tesco.ie/groceries/Product/Details/?id=250330059)

Is this really the End of the World ?

What price in Norm Irl ?, probably worth going up there to stock up, good rate on Stg at the moment
Title: Re: UBER
Post by: The Liffey Lip on August 16, 2019, 11:16:53 am
If you drink, you can purchase 24 cans of Sainsbury's lager for a tenner.....if you like-a de spirits.....you can get 3 bottles of Scotch for a score.....
Title: Re: UBER
Post by: john m on August 16, 2019, 11:26:15 am
If you drink, you can purchase 24 cans of Sainsbury's lager for a tenner.....if you like-a de spirits.....you can get 3 bottles of Scotch for a score.....

And without a Border after Brexit the Duty Free will mean they will nearly pay you to buy drink.Car loads of Patriotic Shoppers flooding North for X mas .
Title: Re: UBER
Post by: Shallowhal on August 16, 2019, 03:22:09 pm
If you drink, you can purchase 24 cans of Sainsbury's lager for a tenner.....if you like-a de spirits.....you can get 3 bottles of Scotch for a score.....

And without a Border after Brexit the Duty Free will mean they will nearly pay you to buy drink.Car loads of Patriotic Shoppers flooding North for X mas .

Maybe they should conduct the border poll then!!
Title: Re: UBER
Post by: stonethecrows on August 16, 2019, 03:25:20 pm
Wonder how much Border Collie's would be