Uber Eats Its Way to New Revenues Amid Post-IPO Profitability Concerns

Investor sentiment in Uber is rapidly sinking. Since last week’s initial public offering, the company’s stock has nosedived, dropping from the initial price of $45 per share last Thursday to $38 on Tuesday. One reason for the poor stock performance, according to analysts, is an unclear path to profitability. But ride-hailing aside, there may be […]

Saudi Arabia’s Wealth Fund Is Underwater On Uber’s IPO

Buy low and sell high, traditional investing wisdom dictates. So far, that lesson hasn’t worked out for one major Uber investor: Saudi Arabia’s sovereign wealth fund. That fund, under a new directive to diversify the company’s financials outside of oil, bought its shares of the ride-sharing giant when they were priced at $48.77 apiece–above Uber’s […]

Here’s What Analysts Are Saying About Uber’s IPO

Uber’s long-awaited initial public offering has analysts mulling over one big unanswered question: Does Uber have a realistic path to profitability? The ride-hailing company’s public stock listing on Friday comes amid a wave of blockbuster tech IPOs, including one by rival Lyft nearly two months ago. Uber’s financial details, revealed in the run up to […]

On the Eve of Its IPO, Uber Can’t Shake a Lingering Legal Question

Last month, the EU Parliament approved new rules to protect workers in the gig economy. It says companies engaging “on-demand, voucher-based and platform workers” must allow them to refuse work and be paid for canceled work; they must honor workers’ right to take jobs with other companies, pay workers to train, and give workers limited […]

Here’s How Ride-Sharing Drivers Will Strike Ahead of Uber’s Massive IPO

One of the perks of an IPO, it’s often said, is all the free publicity it can bring. In the case Uber, however, the extra attention ahead of its long-awaited IPO may not be so positive. Drivers working for Uber, Lyft and other ride-sharing apps are organizing strikes in the U.S. and the U.K. on […]