Uber Biggest Loser Ever? Big Losers Never Do Well In IPO

In your opinion, will Uber (and/or Lyft) be profitable in the next few years?

 

The stock market is always a wild one. Supported by a figment of one’s imagination. Nothing more. Historically, when a company IPO’s, they aim to be spectacular. To attract attention. To see that the market loves them and get off to a running start. However, in some cases, it’s quite the opposite.

 

Deirdre Bosa on Twitter: “The biggest money-losing companies to IPO haven’t fared well in public markets Uber will be #1 – biggest money-loser ever at the time of its IPO -when it debuts tomorrow. $LYFT is #2 Via @IPOtweet IPO pro t.co/vekqlR4BQP” / Twitter

twitter.com/dee_bosa/status/1126498157284798465?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1126498157284798465&ref_url=https%3A%2F%2Fwww.zerohedge.com%2Fnews%2F2019-05-09%2Fuber-said-price-ipo-low-end-range

Deirdre Bosa on Twitter: “The biggest money-losing companies to IPO haven’t fared well in public markets Uber will be #1 – biggest money-loser ever at the time of its IPO -when it debuts tomorrow. $LYFT is #2 Via @IPOtweet IPO pro t.co/vekqlR4BQP” / Twitter

twitter.com/dee_bosa/status/1126498157284798465/photo/1

UBER 41.57 -3.43 -7.62% : UBER TECHNOLOGIES, INC – Yahoo Finance

finance.yahoo.com/quote/UBER/

LYFT 51.09 -4.09 -7.41% : Lyft, Inc. – Yahoo Finance

finance.yahoo.com/quote/LYFT/