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UBER
Uber Technologies Inc
36.94
-0.55 (-1.47%)
Volume: 2,147,298
Day Range: 36.87 - 37.48
Last Trade Time: 9:40:37 AM EDT
UBER
WATCH for possible breakout above 34.39
Target: 38.12, 13.4% Stop: 32.54 Loss: 3.2%
P/L ratio: 4.2 : 1 - Excellent
Huge XNDA half the price for fares and its only at .20 a share wow
Heading to $10 soon!
Guber is TOAST! ROFLMAO
$UBER Joe Biden says the COVID-19 pandemic is over.
UBER will outperform the SP 500 all out buy !!! It’s dam bullish !!!!
Uber driver attacked by group of black girls
Uber execs saw themselves as “pirates” taking over the transportation industry, with help from high-profile friends, leaked docs say
A trove of Uber documents leaked to the media opens a window into the internal workings of the ridesharing giant’s sometimes brutal and sleazy approach towards muscling its way into becoming a worldwide juggernaut. Here is what we know about the so-called Uber Files.
Gig giant exposed The Uber Files were obtained by British newspaper The Guardian and shared with other outlets to prepare a series of reports based on the leak. Its principal partner is the US-based International Consortium of Investigative Journalists (ICIJ). The files include more than 124,000 documents, including 83,000 emails and text messages from 2013 to 2017. It was a time of rapid global expansion for the US giant, which was run at the time by co-founder Travis Kalanick. He resigned as CEO in 2017 amid concerns from investors over Uber’s corporate culture.
Uber pioneered a gig-economy business model, and many nations were not prepared for it, regulatorily speaking. As the company lured drivers with various incentives and cut costs by minimizing taxes, traditional taxi drivers protested what they saw as unfair competition.
‘Pirates’ of ridesharing Uber executives were quite aware of their dubious legal status and joked about their effort to brush off regulations, emails showed. “We have officially become pirates,” one person wrote in a discussion of company tactics to “avoid enforcement.”
The cavalier approach based on the notion that it’s better to seek forgiveness than permission produced what the company referred to as a “pyramid of sh*t,” including lawsuits from drivers, administrative procedures, investigations by regulators and direct litigation.
‘Kill switch’ One way to apparently hinder investigations was to cut access to company servers in the US from regional offices, referred to as “kill switch” in Uber communications. It was engaged during police raids in countries like France, the Netherlands, Belgium, India, Hungary and Romania.
Opposition slams Macron’s alleged ‘secret deal’ with Uber
In a text sent during a raid in Paris in 2015, Thibaud Simphal, the then-manager of Uber France told Mark MacGann, the company’s chief lobbyist in Europe at the time, that he’d used the technique so many times that “by now the most difficult part is continuing to act surprised.”
Other tech tricks were aimed against police officers who ordered rides for sting operations. In some countries, the app would ‘dispatch’ phantom cars that never arrived. In Denmark, Uber discussed creating “blackout geofences” around police stations, meaning only pre-approved clients would be able to call rides from those locations.
Violence “guarantee[s] success” Uber executives appeared to appreciate opportunities to exploit violence against their drivers to score some public sympathy. In 2015, the firm’s general manager in Belgium called an incident, in which a protester threw a flour sack at Uber driver and passengers, a “good story.”
In one 2016 exchange, Kalanick dismissed concerns over the safety of Uber drivers in France as he called for a counter-protest to confront activist taxi drivers. When warned by MacGann that ultra-right activists infiltrated the protest and could become violent, he said: “I think it’s worth it. Violence guarantee[s] success.”
Revolving door As it executed its expansion plans, Uber spared no money on lobbying. In 2016 alone, the proposed global budget for it was $90 million, according to the leaks. The company hired what the ICIJ called a “battalion” of people to advocate on their behalf, including many former officials in the Barack Obama administration.
Neelie Kroes, a former European Commission vice president, tried and failed to get an exemption from the EU’s executive body rules to become a lobbyist for Uber before her 18-month cool-off period expired. Despite this, during that period, she appeared to advocate on the company’s behalf, ICIJ said.
“Our relationship with NK is highly confidential,” MacGann told his colleagues, four months after Kroes resigned from the Commission. Uber executives were concerned that she could become “the poster child for the discussions around ‘revolving door/tech’s crony capitalism.’ ”
Friends in high places The company managed to get the ear of many powerful people throughout the world. In France, a fast-rising business-oriented technocrat Emmanuel Macron became a good ally in the government, who had a “clear desire on his part to work around the … legislation,” according to MacGann.
The future president of France may have played a role in resolving the 2015 crisis in Marseille, where the police suspended Uber service in some districts over mass protests. According to leaks, Macron, who was economy minister at the time, promised MacGann to “look into this personally.” The ban was revised “after intense pressure from Uber,” an internal company update later said.
Document leak reveals Uber’s secret activities – media READ MORE: Document leak reveals Uber’s secret activities – media
In one example of such networking, in 2016 Kalanick rubbed shoulders with the crowd at the World Economic Forum in Davos, which included then-Israeli Prime Minister Benjamin Netanyahu and George Osborne, the UK’s chancellor at the time.
Among others, he met with then-US Vice President Joe Biden, who did not come on time. Kalanick messaged a colleague, saying he told the VP’s people “that every minute late he is, is one less minute he will have with me.” His pitch for digital transformation of the transportation industry that the CEO gave impressed Biden so much that he altered his speech to praise Uber’s head.
$UBER The Uber whistleblower: I’m exposing a system that sold people a lie
“I regret being part of a group of people which massaged the facts to earn the trust of drivers, of consumers and of political elites,” he said. “I should have shown more common sense and pushed harder to stop the craziness. It is my duty to [now] speak up and help governments and parliamentarians right some fundamental wrongs. Morally, I had no choice in the matter.”
https://www.theguardian.com/news/2022/jul/11/uber-files-whistleblower-lobbyist-mark-macgann
This corruption I have been seeing since day 1 of the partnership with many... as an early investor of this plan we screwed alot...Honor among greed has been our focus and disrespect to the legal companies...
Yet another promise kept. We now partner with Uber Eats. A pilot test to deliver movie theatre treats, especially AMC Perfectly Popcorn, to the home. It is now live at AMC theatres in Chicago and Kansas City. If it works, we will roll it out all across the U.S. in the fall. pic.twitter.com/QCwi3JAGJX
— Adam Aron (@CEOAdam) July 9, 2022
Why would you think a reverse split?
They don't really need to increase the pps, and they are well within compliance.
Market conditions, are a huge driver, and have been hard on most. Turning profit is bottom line. The need it.
They have a pretty known platform, and it definitely has value. They have $32.8B in assets, and total liabilities of $22.9B, so looks like they can still find a way to function for some time to come. Last three quarters they lost, the most recent was a doozy, $5.9B. Of its nearly $6 billion in losses, $5.6 billion came from changes in the valuation of other companies in which it has a stake. A large portion of that was in DIDI, which was dropped from NASDAQ to the OTC.
The profit swings are big. They have been growing revenue constantly still, which is good. Roughly a billion for each of the last four quarters. Would help if DIDI worked out Sooner, rather than later A turn in market movement, based on something solid would be great.
Is it fair at the market cap of $44.2B fair! Currently, I think so. Possibly cheap, depending on the future. Hopefully they can stay away from further investment losses, scale well, and pump out consistent profits.
Lot's of money looking for bottoms, and they flood in at first solid sign for a market reversal. Looking forward to it.
RIGHT ON, maybe an RS will bring them into reality.
Do ya think???
This company can't continue to hemorrhage money like this. Especially in this market environment.
Looking for this to test the march 2020 low of $13.71 with these continued losses, and market environment.
Nothing good here... And they still hold their investment in DIDI? Are they trying to lose money?
When’s the R/S coming ?
Thanks I played the earnings for a small profit but I think I’ll go long next buy $UBER
Welcome and congratulations on your new stock purchase.
Is it going up as of now, now?
$UBER Premium Super Pumped! All I Need https://open.spotify.com/track/4RU5XGbE64ELyahwbfiUBo?si=dd23d47db9974938
Earnings RSI + MACD Uber $UBER Crypto Alcohol Weed Florida PPP GOLD USA
adjusted the profit target by .7 billion not as big of a deal to me
that halt and dip was crazy bought some shares on the dip
where do you get this news?
+200 $UBER Alright @Uber Rack Em Up! RSI + MACD Premium @UberEats Volume!
Looking for an UBER play in India. CYAP . CYAP IS THE PARENT COMPANY OR WRPT. CYAP OWNS141 MILLION SHARES
Golden cross was formed on the 5 minutes chart
Hope you didn't short this today....LOL
Looks like no one but you
Anybody else shorting this today?
Counter sue the DOJ for attempted extortion and RICO violations!
https://www.cnbc.com/2021/11/10/doj-sues-uber-under-americans-with-disabilities-act.html
bottom was confirmed ride this back to high heaven.
tick-tock
$UBER just getting into alcohol delivery? $WTRH already been there, doing that. https://waitrapp.com/blog/alcohol-delivery-waitr-booze-cruise
will take profits at $50s
how's that $80 price target coming along? hello $38s
Yeah she’s on the watch list have not entered even for a flip yet.
market up 250 points, UBER red to flat
I like the idea of accumulating under $10.00
That didn't age well
I think UBER has the potential to be a monster. I’m in Canada but just noticed a lot of the big stores are on there now, I don’t even have to leave my house. This is fantastic.
Or you could literally get 20 errands done at the same time.. travel to one yourself and have a bunch of drivers pick everything else up for you and drop it at your house all in the same time frame.
I’m all for this.
what is the logic to owning UBER shares over $45 perhaps that is the better question
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