Why the tepid response to the biggest IPO in years? Uber was the most richly funded private tech company. Many potential investors already had plenty of exposure.
Uber Technologies Inc. grew to be the nation’s most valuable startup thanks to support from some of the biggest investors around. That support became a liability when the ride-hailing giant made its stock-market debut this month.
Some pre-IPO Uber shareholders including BlackRock Inc., the world’s largest money manager, and prominent tech investor Tiger Global Management took a pass on buying more shares in the listing, content that they already owned plenty, people familiar with the matter said. Instead, they tried to sell...
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Uber’s car-wreck IPO could change Wall Street’s thinking about its ‘unicorns’Uber was viewed as the ultimate “unicorn,” a term for venture-funded companies with private valuations higher than $1 billion. But now the public market has spoken, and its judgment is harsh. More from columnist hiltzikm here:
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Amazon squares up to Uber with backing for UK food app DeliverooAmazon has led a funding round in British online food delivery company Deliveroo...
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Amazon's Deliveroo investment is a bad sign for Uber — shares of an Uber Eats rival are tankingAmazon led a $575 million financing round into Deliveroo, Uber Eats' arch rival in the UK.
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Mark Cuban slams Silicon Valley VCs over Uber's awful IPO and says it could be a wake up call for Valley employeesMark Cuban says that Uber waited too long to go public.
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Uber driver is an accused war criminalWhere does an alleged war criminal accused of torture and directing mass executions look for work while living in the United States? For Yusuf Abdi Ali, there was an easy answer: Uber and Lyft.
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Breakingviews - Amazon-Uber food fight means empty bellies for allAmazon is buying at stake of London-based food delivery Deliveroo. It looks set to prolong the conflict with deep-pocketed rival Uber Eats. Investors will remain empty bellies. Karenkkwok and liamwardproud write in Breakingviews. Read their view: $AMZN
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Amazon-Uber food fight means empty bellies for allThe web giant is backing a $575 mln investment in Deliveroo, which ferries meals to time-poor urbanites. It means the UK-based group can continue its assault on rival Uber Eats in Europe. Thin margins and deep-pocketed investors are the perfect ingredients for perpetual losses.
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Uber underwriters worried about the IPO deployed unusual 'naked short' tactic to support the stockUber underwriters deployed an unusual tactic, known as a 'naked short,' to provide extra support for the stock ahead of the IPO, four people with knowledge of the move said
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Norman Pearlstine of The L.A. Times speaks about Disney, Uber and the paper's new billionaire ownerExecutive editor Norman Pearlstine on the new L.A. Times: 'It’s a thrill to be here with an owner who wants to run The Los Angeles Times as a business but didn’t buy it with return on investment as his sole consideration.' - claireatki
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Lyft says drivers tampering with surge pricing could be bootedRide-share drivers who tamper with surge pricing will face being deactivated after a report revealed that ride-share drivers at a Washington, D.C., airport coordinated to boost fares, Lyft said.
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