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Sussex
PostPosted: Mon Nov 11, 2019 11:24 pm 
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Founder of Uber sells $547,000,000 worth of shares last week.

Not as stupid as some say he is.

https://www.theguardian.com/business/20 ... lls-shares

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Sussex
PostPosted: Thu Nov 14, 2019 7:32 pm 
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Sussex wrote:
Founder of Uber sells $547,000,000 worth of shares last week.

Not as stupid as some say he is.

https://www.theguardian.com/business/20 ... lls-shares

Sold another $164,000,000 this week.

https://www.bloomberg.com/news/articles ... fy-fortune

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heathcote
PostPosted: Thu Nov 14, 2019 9:27 pm 
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Sussex wrote:
Founder of Uber sells $547,000,000 worth of shares last week.

Not as stupid as some say he is.

https://www.theguardian.com/business/20 ... lls-shares



Just those who are buying them are or have too much money.
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edders23
PostPosted: Fri Nov 15, 2019 11:21 am 
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Most of the shares will have been bought by pension funds because it doesn't really matter to them if they lose on the deal they still get paid: and most likely British pension funds to boot so it is probably you and me buying those shares via our pension funds :sad:

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wannabeeahack
PostPosted: Fri Nov 15, 2019 8:14 pm 
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Sussex wrote:
Founder of Uber sells $547,000,000 worth of shares last week.

Not as stupid as some say he is.

https://www.theguardian.com/business/20 ... lls-shares


which cost him how much?

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Sussex
PostPosted: Fri Nov 15, 2019 10:05 pm 
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Quote:
which cost him how much?

$0

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Sussex
PostPosted: Wed Nov 20, 2019 8:51 pm 
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Back up to $27.99 a share.

Maybe this is the rise of Uber.

Only another $30 billion to go to get back to even Stevens. 8-[

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Sussex
PostPosted: Tue Nov 26, 2019 11:03 pm 
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Currently $29.53 a share.

Still miles, or should I say 10s of Billions down since IPO, but holding up quite well following the situation in London.

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edders23
PostPosted: Wed Nov 27, 2019 9:01 pm 
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Pension funds are snapping them up as they can't lose even if the shares drop to zero it's the pensioners that lose not the people that run them

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StuartW
PostPosted: Wed Nov 27, 2019 9:10 pm 
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edders23 wrote:
Pension funds are snapping them up as they can't lose even if the shares drop to zero it's the pensioners that lose not the people that run them


But if you're saying they're being reckless then that would be incompatible with their 'fiduciary duty' to pension holders [-(
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MR T
PostPosted: Thu Nov 28, 2019 2:56 am 
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Manchester City Council has requested an emergency meeting with Uber executives after the taxi firm was stripped of its licence in London.

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edders23
PostPosted: Thu Nov 28, 2019 3:45 pm 
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MR T wrote:
Manchester City Council has requested an emergency meeting with Uber executives after the taxi firm was stripped of its licence in London.



we haven't had the London appeal yet :wink: any action immediately might be very costly

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Sussex
PostPosted: Sun Dec 01, 2019 7:16 pm 
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Closed last week at $29.60.

Did fluctuate a bit last week but the TfL issue hasn't really effected the price.

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edders23
PostPosted: Mon Dec 02, 2019 2:12 pm 
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Sussex wrote:
Closed last week at $29.60.

Did fluctuate a bit last week but the TfL issue hasn't really effected the price.



Because in the Grand scheme of things London is a trading outpost not their main trading centre

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Sussex
PostPosted: Tue Dec 03, 2019 11:36 am 
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London is massive for Uber.

It is one of the five cities that account for about of quarter of all their bookings. Which when you consider Uber operate in 700 cities that's quite a stat.

But I think the biggest concern Uber should have is the message it sends to the world, i.e. that Uber still haven't grown up despite losing $19,4 Billion since inception.

I'm afraid, well actually I'm not, that Uber's share price will have to be wiped out for them to start again from scratch.

It will never make money on this business model, but many economists think other business models might actually make it worse for them.

Really gutted about all that. :---)

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