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Uber
05/05/2022
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By News Editors
Uber reports surging revenue as drivers return, but posts massive loss on investments
Uber on Wednesday reported surging revenue during the first quarter as the ride-hailing company said it’s recovering from its coronavirus lows and wouldn’t have to put up “significant” investments to keep drivers on the platform. (Article by Jessica Bursztynsky republished from CNBC.com) But it also reported a $5.9 billion loss during the period that was largely attributed to the revaluation of […]
08/22/2020
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By Franz Walker
Lyft, Uber get 11th hour reprieve from California court order demanding they convert all drivers to employees
Ridesharing companies Uber and Lyft have gotten a last-minute reprieve after a California court granted them a delay on the order to convert their drivers – currently classified as independent contractors – to employees. This allows both companies to continue to operate while they appeal the order. The decision came just as Lyft was set […]
05/19/2020
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By Franz Walker
ANALYSIS: Grubhub and Doordash revealed as money losing scams that only exist to sucker naive investors
As Uber and Grubhub continue merger talks, questions are being raised over how food-delivery companies such as the latter, as well as rival DoorDash, are actually making money for their investors. In their latest round of merger talks, Grubhub rejected Uber’s offer of 1.9 of the latter’s shares for one of its shares, stating that the value was […]
04/09/2019
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By News Editors
Here we go again: Tech bubble 2.0 but “this time it’s different”
The doses of Delusionol(tm) required to believe “this time it’s different” are becoming dangerous. Here we go again, another tech bubble is expanding like a supernova and the financial media is declaring (as it does during every bubble) “this time it’s different.” File Tech Bubble 2.0 under memories are getting shorter or this time is never different: (Article by […]
09/21/2017
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By D. Samuelson
Insane valuations of Uber, Twitter and Snapchat prove a catastrophic wake up call is overdue for tech stocks
According to ZeroHedge.com, in 2010 “50 – 70 percent of all stock trades were done by high frequency computer trading algorithms.” But even though computers may execute most trades, input is still required by the flesh and blood movers and shakers of Wall Street. It’s long been a maxim that two basic emotions — fear and greed […]
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