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PostPosted: Sat Aug 24, 2019 10:16 pm 
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Sussex wrote:
Also the big investors like the Saudis are looking at billions and billions of lost dollars.



2 days oil profits...

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PostPosted: Wed Aug 28, 2019 7:19 pm 
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Current Uber share price $32.78.

Down 27.15% since IPO.

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PostPosted: Wed Sep 04, 2019 9:35 pm 
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Closed $31.99 (dropped a little bit more after market closed).

Down 28.91% since IPO.

Or just under $20 Billion. :D

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PostPosted: Wed Sep 04, 2019 9:47 pm 
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Sussex wrote:
Or just under $20 Billion. :D

SoftBank down $600 million. :D

https://www.cnbc.com/2019/09/03/softban ... -uber.html

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PostPosted: Wed Sep 11, 2019 9:32 pm 
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Current price $34.00, up on the week.

But still down 24% since IPO.

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PostPosted: Fri Sep 13, 2019 9:07 pm 
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Currently $33.25. Been fluctuating between $32 and $35 this week.

Interesting article from yahoo about one of the early investors.

https://finance.yahoo.com/news/uber-has ... 54150.html

In particular Tusk — a longtime confidant of Uber founder and board member Travis Kalanick — confirmed that he continues to be a shareholder in Uber. But depending on how third quarter earnings shake out, he may look to sell some — or all — of his shares once the IPO lockup period expires on Nov. 6.

If one of the early investors is thinking of getting out as soon as he can, then Uber have problems. :D

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PostPosted: Sat Sep 14, 2019 9:34 pm 
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An interesting Q&A between a political website and a writer from the FT.

https://www.spiked-online.com/2019/09/1 ... ing-money/

Well I find this stuff fascinating, so there. 8-[

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PostPosted: Sun Sep 15, 2019 7:50 pm 
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Sussex wrote:
An interesting Q&A between a political website and a writer from the FT.

https://www.spiked-online.com/2019/09/1 ... ing-money/

Well I find this stuff fascinating, so there. 8-[


Funnily enough, it's a while since I've read any non-trade stuff on Uber, but had come across that one, and intended adding it to this thread when I found a moment, but you beat me to it [-(

Anyone who's read the employment status cases shed any light on this, though? Seems to emphasise the method of payment as critical to employee status. So because traditional drivers get the cash from the punter rather than through the office, that means they're self-employed, while because payment from Uber passengers is funnelled via the platform then its drivers are employees?

I'd guess that even if that was a factor in the cases, it wouldn't have been the only one, or the most important one?

Spiked Online wrote:
Minicab drivers market their services via a minicab firm. They get the money directly from the client, and then they owe the marketeer money on the basis of whatever deal they have struck up. They are clearly self-employed. But with Uber, everything got reversed. Uber is both a marketer and an employer – not least because Uber takes cash from the client and pays the drivers.


Likewise, I don't really understand this stuff about Uber drivers. Can't really see how newer drivers are any worse off than the old hands, except as I recall newer drivers pay a higher commission rate?

And what could the 'syndicate of drivers' be referring to?

Spiked Online wrote:
If you’re an early employee and you got in in the right year, you operate in the right place, you bought your car when it was still cheap and you were able to secure an edge or you were clever enough to set up a syndicate with other drivers, you can and probably do make money from driving. But by and large, a lot of Uber drivers that I’ve talked to were brought in under false pretences. They were sold this story that they could work for themselves and they would be earning loads of money.

Actually, what has transpired is that they’re working much longer hours than they ever thought they would, their costs are going through the roof, and when they do the accounting, they’re actually left with a very small net sum, which in some cases is below minimum wage. There is a huge number of Uber drivers who would have come in, bought a car at far too high a cost or set up a contract that is far too expensive and have been unable to operate in routes that pay them. If you consider that a lot of Uber drivers are coming in with no experience in this game at all, they might have underappreciated other externalities and costs, like petrol costs, maintenance or tax liabilities. It’s also very hard once you’ve committed to a car to turn back.


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PostPosted: Sun Sep 15, 2019 9:03 pm 
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Quote:
Anyone who's read the employment status cases shed any light on this, though? Seems to emphasise the method of payment as critical to employee status.

You need to read it. 8-[

Summed up best on page 29 where the Tribunal summaries their findings.

https://www.bailii.org/uk/cases/UKET/20 ... _2015.html

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PostPosted: Sun Sep 15, 2019 9:08 pm 
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Quote:
Likewise, I don't really understand this stuff about Uber drivers. Can't really see how newer drivers are any worse off than the old hands,

Possibly cars that have been on Uber longer have carded more of Uber's customers. :roll: :roll: :roll:

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PostPosted: Sun Sep 15, 2019 10:06 pm 
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Sussex wrote:
You need to read it. 8-[

Summed up best on page 29....


Which aptly demonstrates why I don't think I'll be reading it anytime soon [-(

Sussex wrote:
Possibly cars that have been on Uber longer have carded more of Uber's customers. :roll: :roll: :roll:


Yes, kind of wondered if might have been referring to drivers 'gaming' the system somehow, for example manipulating it all to create a 'surge', or whatever it is they get up to.

And, of course, more experienced drivers will know where and when they should work, kind of thing, but that shouldn't take newbies particularly long to get a handle on.

But that's not how it's portrayed in the article. However, maybe the author has been told about scams by Uber drivers but they're portrayed less as gaming the thing than coming through experience.

So just like the good old days, then :-#


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PostPosted: Sun Sep 15, 2019 10:49 pm 
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For the record it's a very good read.

:-$

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