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 […]

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 […]

Uber’s IPO Filing Shows How Much of a Lead It Has on Rival Lyft

In the race for ride-hailing dominance, Uber is officially in the pole position, out-pacing rising competitor Lyft by more than $9 billion in revenue and at least 60 million users. That’s the big takeaway from Uber’s S-1, after the San Francisco-based company has filed its initial public offering paperwork with the Securities and Exchange Commission […]