uber investor

[john m]

UBER just got a big new investor ..https://techcrunch.com/2017/11/12/softbank-looks-to-finalize-uber-investment-today/

[john m]

the deal is to invest a billion in cash and to buy 9 billion of shares from existing investors ,just in case you dont understand how important this is .This is the biggest ever private equity investment in history as I posted if i had money i would invest in uber .I also noticed the ECJ judgement that was promised in march has still not been issued .

[Rat Catcher]

If ever there was a recommendation to short sell shares, that's it I guess.

[Dr. Martin Gooter Bling]

If you have billions why would you invest in a company instead of starting your own.
leeching off the leechers.

[john m]

If you have billions why would you invest in a company instead of starting your own.
leeching off the leechers.

.How it works UBER sign up drivers and say each driver has the potential to earn X amount for the company they then multiply the earnings by the amount of drivers then say to the stock market .We have invested 3or 4 billion to reach this earnings imagine what we could do if we had another 5 billion to invest? They do the sums based on some imaginary future earnings then they multiply the projected earnings by probably 10  So they are forecasting ten years into the future to encourage long term institutional investors Now they come up with a price per share based on all the bolloxology and they offer to let others buy into the firm .If they have a value that puts them in the 50 most valuable companies  then they go into the WALL STREET index and insurance companies and pension funds usually /always buy the shares for their tracker funds .It could be a ponzy scheme but that wont stop it destroying out livliehoods before the arse falls out of it ,As soon as the firm is quoted on the stock market the original investors cash out sell their shares and look for the next big thing . These investors want in now before it goes public then they will dump their equity in it .

 It reminds me a bit of ENRON it is going to be the next big thing until people recognize. that it has no real value as they dont own the cars or the work all they are is an aspiration .Apple is another big ponzy .They dont own the phone they didnt invent it all these big companies are a bit like Pop Groups who were huge but where are they Now .I bet every body on here once had a Nokia Phone they were overtaken by the new kid on the block who will be overtaken by the next new kid on the block .

[Taxi driver42]

1 billion to buy 9 billion in shares
Who lost out 8 billion
Odd
Wouldn't wipe my arse wirh them shares
Useless

[watty]

One interpretation is that the current investors, who are super-secret about Uber's finances, are getting out with a mega-profit and leaving Softbank holding the (empty) can.  Apparently, Uber's paper valuation was dropped from $60billion to €50billion to make this deal happen. Softbank think they're getting it cheap but the current investors must be laughing all the way to their offshore banks!

At the end of the day, Uber is still losing something like $700million every 3 months, so a billion dollars cash won't last long.

As others have pointed out, Uber is just an idea - they don't own anything except a fancy computer program.  Lyft, Google & even MyTaxi have rival computer programs.  And as the Dublin drivers have illustrated, when they switch off the app, MyTaxi doesn't have a business!

[Taxi driver42]

Yes but when we switch mytaxi off we have the streets
When a usa driver switch uber off he has nothing
Thats why uber want rideshare so much
A captive workforce who slave for them alone

[markmiwurdz]

Uber lost their appeal against worker sick pay, holiday pay entitlements, etc a mortal blow?