Don't wast time! Drugs and guns are where the money is!
Breaking laws IS ubers thing right?
I heard the next ap extension is LOOTER! uber tells you where the cops have been bribed and 'independent contractors' go in to collect everything they can smash and grab!
uber has all it's cars lojack'd -not providing the data to authorities (which they requested frequently) should be prosecuted for obstruction of justice!
uber lending and leasing 'partners' have all filed directly to court battles for violating lending laws. The latest wall street mystery finance fabrication to take up the position is clearly constructed to hide it's owners.
For starters the uber leases are at much much higher rates -20-30%
second, the uber leases are sold to poor people BY CLAIMING they are GETTING A JOB BY SIGNING!
Third -the uber leases are twenty plus pages long with all kinds of legal traps the signers can not possibly understand. Violates lending clarity laws.
fourth -uber skims the payments off of driver earnings IMMEDIATELY! That can only happen in major delinquency for law abiding lenders like MFIN.
fith -all uber leases are lojacked -the entire "lease" deal is a scam to cover the fact uber evades all labor laws like minimum wage!
uber lease deals are a scam that uber uses to evade labor laws and get rich on the abuse of the poor!
How will uber deny employment rights now that they are providing the cars, maintenance, and deducting the cost directly from driver payments?
The California case was a STEAL at only $100mill reimbursement for select drivers. NY has had far greater revenue.
It will be interesting when the labor lawyers get into this -I am quite sure that uber will have a long string of of violations when they are ordered to disclose the business relationship with the predatory lenders. ALL of the cars 'financed' are at ridiculous rates and all are 'lojacked' wired to report their position at all times so they can be repossessed efficiently. This arrangement blows the best argument uber has for claiming drivers are contracts not employees -or humans with any rights. uber claims drivers are not employees because they provide a service with their own skill and equipment. WELL NO THEY DO NOT OWN THE EQUI[PMENT -UBER AFFILIATES DO AND THEY ARE PAID FOR AND MAINTAINED DIRECTLY BY UBER AFFILIATE.
My point is that the connection between uber and the lease provider is so damning to their case that they will violate all court orders.
As it uber had not proved it was #$%$ before...
uber IS organized crime! The statistics continue to buid.
WHY SHOULD UBER BE EXEMPT FROM TAXES AND REGULATIONS!!!!
Another article today says government will crack down on predatory lending. THAT WAS QUICK!!
I also saw another story today saying the government will crack down on exactly this sort of predatory lending.
New Story in Fortune, not paid lies like GG and hickman produce.
"Taxi trade groups have vocally opposed Uber?s rapid expansion
A group representing 5,000 Uber Technologies drivers in New York City filed a lawsuit on Thursday accusing the ride-share company of depriving drivers of various employment protections by misclassifying them as independent contractors.
The proposed class action lawsuit filed in federal court in Manhattan by the New York Taxi Workers Alliance is the latest to claim Uber drivers should be considered employees entitled to minimum wage, overtime pay, and reimbursements for expenses."
This looks just like the suits in other states that uber has had to pay off. The best result will be media exposure for the #$%$ policies uber uses to deprive the city of revenue and deprive it's drivers of all employment protections. Taxi drivers pay the city uber #$%$s do not!
Check out the article -you will understand how uber abuses it's drivers -that they can not possibly make minimum wage, they drive tired 14+ hours a day, 6 days a week. The latest finance deal is with the investment banks that are paid a mint to sweep ubers #$%$ to inattentive investors. The list of finance 'partners' that have dumped uber continues santander, toyota...
uber s#$%$es the #$%$ of the earth -criminals, rapists, illegals anyone that has no chance to get a real job.
Elizabeth Warren needs to look at the clear abuse by uber.
I guess uber is providing a service to murderers and rapists that would not have a car and victims without uber.
Regulations are coming!! Uber is being driven out of cities worldwide!
Well, that is not as bad as the uber driver shooting a dozen people between fares.
Uber seeks out criminals with no credit or prospects because they are the only ones who will sign their life away to be uber slaves.
Uber (and it's foolish investors) is still under the delusion that it will be in the autonomous vehicle biz. The truth is that it holds no cards. Anyone can write an ap to replace uber. Uber has no car company backers, no manufacturing expertise at all and the worst valuation in the world to bargain with.
Uber is nothing more than a ponzi scheme funding classic corruption for the purpose of establishing a monopoly. Their unfair advantage of being exempt from all laws and regulations can not last -the lawyers and lobbyists can not be paid forever. uber is losing ground around the world. Cities are realizing what #$%$ uber is -cheating on safety regulations, cheating cities out of fees and taxes. Inflaming race and wealth discrimination.
In Chicago the mayor may lose his job over favoring uber to benefit his brother. uber owes more that $14million in unpaid taxes -that's the payback the city gets for letting them cheat all regulations! Austin doesn't put up with this #$%$, that's why Chicago keeps losing and Austin is growing!
What do you think of the ticker change? I think it is a start but I would have changed the name to something that reflected the broader asset base.
By the time the 3 is delivered Tesla will have burned through all their federal credits and competitors will still have theirs. I am about positive that the 3 will not arrive before late 2018, the ASP will be over $50K, the standard mass market EV will have 200mile range and be available at a 'cost' (subsidized) of 25k to $30k.
The 3 is just the future luxury electric car.
I hope for smart comments too. I understand much but there is SOOO much to know.
Convertibles are essentially just contracts. The terms vary widely so it almost takes a trusted team of lawyers to make a smart bet.
I suspect we will have to wait until the prospectus comes out to even start the analysis.
That position costs over 20%/year to maintain, for several years, and the conversion spread is another what 30%?
This looks unattractive to me compared to unwinding the short between today's price and maybe 20 to 30% higher.
That position would payoff big only if TAXI went Bankrupt but the convert was senior enough to take equity -a very fine line and only pays off in leverage compared to direct short of TAXI common. It's a dumb bet, that only 'wins' in rare instance through higher leverage.
When TAXI filed for the ability to raise capital I was livid! I sold a significant percentage of my holdings.
Now I see how this could be a great move!