we don't like how you call us "Uber deniers and stock promoters"
We have morals, unlike you and Hickman
from LA Times article today:
When I go to the airport, I drive and pay to park my car for a few days, or I ride public transit if I have the time, or I call a taxi. So far, I have never used Uber or Lyft in order to save a few bucks. It would make me feel morally compromised.
Sure, I’ve had the same complaints that many others have about the traditional cab companies — scarce or tardy taxis, shabby cars, high fares — but, at least for me, the bad experience is a rare exception. I know I could save money riding with Uber, but I dislike the business model: a model that exemplifies an emerging new economy in which a few people get very rich and everyone else is a freelancer struggling to patch together a living wage.
Uber’s owners were smart enough to create an app that would link people seeking rides with Uber drivers. For their cleverness, they are now billionaires with a business that has spread across the world amid protests and controversy. The drivers on whom this entire commercial empire is built generally make less than traditional cabbies and receive zero benefits from the company. That is because Uber classifies them as independent contractors.
volume is strong and the stock is steady. First time I can remember that the ex-dividend day did not see a selloff. Maybe more folks are looking at the stats pages and can figure out this quarter looks fantastic
sorry, you are clearly in denial. they have nothing of value. Their assets are probably worthless and to unwind this company would cost someone $24M, assuming there are no lawsuits. Lawsuits could add another $10M, much more if there has been fraud. Tax loss value? depends on if the buyer continues that line of work
I told you not to buy that lot at 65c and you told me I didn't know what I was talking about. Maybe you should take a fresh look at this before you put your retirement in jeopardy. the stock continues to make new lows and you guys are eating yourselves; the only ones buying are you dummies thinking you are getting a deal.
yes. Try installing an adblock program so the streaming videos don't eat up your bandwidth. much trouble posting via a cell phone using cellular. no problem when on wifi
you don't buy liquor, you rent it
exactly though, all the little medallion holders get wiped out to the benefit of the hedge fund guys who bought Uber and Lyft. Taking down "big taxi" is code for hurting the little guy
funny thing is, you listen to him and he tells you he and he tells you he want to bring down "big taxi". What is that? Anyone can buy a Medallion. MFIN loans money out to buy medallions and has a market cap of $180M. That's "big taxi"?
Uber and Lyft are funded by the 0.01% and the founders of Uber and Lyft are now in the 0.001%. The Uber and Lyft drivers barely can make ends meet, don't get health insurance, are paid minimum wage, and will be phased out by automation. At that point the investors of Uber and Lyft will make even more money.
So essentially GG is pimping for the elite at the expense of the common guy. Now even AAPL and BABA are in on the act. Hedge funds own Uber and Lyft.
even at a ZERO share price the liquidation value of the company, it's debt, tax debt with IRS, severance, lease payments, is $24M.
Just because you keep throwing your numbers out there doesn't make them right
to the folks who down voted this: do you even have a clue? Why are you in a stock if you have no clue how the market works?
The $18.50 was a generous multiple based on TTM sales. Now that sales have fallen off the cliff, why do we even want this company? Never mind $18.50, why do we want it at all?
they will pull their offer and stock will go to $12. no one else is interested. Sales sukked last qtr and with the buyout will suk this quarter
now your getting it. You forgot overpaid current insiders and overpaid ex-insiders who were let go with years of severance. this is why I call this company nothing but a scam and a fraud
unless 80% tender, the deal is a no go. Usually you get 60% or 70% in the first pass and then everyone sees a majority has tendered and they tender. in this case, they are all hanging for a higher deal. I think GLW should walk.
not even sure if he put in cash. It was a promissory note. Not sure if it was tapped. Maybe it wasn't. Maybe that s how they were able to draw down $600K from their credit line by him putting up a promise to pay
so he couldn't be sued for negligence. He probably made 10X that over the years. Gives him a great excuse should a lawsuit hit. Same with the CEO who bought some token shares. "Look, I believed and even put my own money in"