got something to wipe your ass with faggot baker
wait it out.
saved and kek. Guess we wait this fucker out now
Uber fizzles in Wall Street debut, opens below $45 IPO price
(Reuters) - Uber Technologies Inc’s shares made a disappointing market debut on Friday, marking a rocky start for the most anticipated initial public offering of the year as other high-profile startups such as Slack and WeWork look to go public.
The fall in shares undermined Uber’s strategy of pricing its oversubscribed IPO conservatively at $45 per share to avoid a repeat of rival Lyft Inc’s stock market struggles following a strong debut in March.
The company’s shares opened at $42 and fell as much as 9% to a low of $41.06 in early trading before recovering most of their losses to trade down 2.5% at $43.92 by 1805 GMT. Lyft was down 4%, well below its IPO price.
Uber’s IPO comes against the backdrop of a spike in trade tensions between the United States and China that has weighed on financial markets and increased investor skepticism about its ability to turn profitable soon enough.
Chief Executive Dara Khosrowshahi, who was on the NYSE trading floor to mark the debut, tried to calm investors by pointing to the company’s growth prospects and expansion plans.
“My reaction (to the share price) is if we build and build well, shareholders will be rewarded. We’re certainly not measuring our success over a day, it really is over the years,” Khosrowshahi said.
The IPO was a landmark moment for the decade-old company, which was started after its founders struggled to find a cab on a snowy night and grown into the world’s largest ride-hailing company, making more than 10 billion trips.
Khosrowshahi was accompanied by a team of Uber officials at the NYSE to celebrate the start of the company’s life as a listed entity. Co-founder and former CEO Travis Kalanick, who resigned in 2017 under pressure from investors, was also seen on the trading floor.
The company’s road to IPO was marred by several hurdles including increased regulations in several countries and fights with its drivers over wages.
Uber has said that it has the potential to grow not just in the cab hailing business, but also as a “superapp” to provide a variety of logistic services, such as grocery and food delivery, organizing freight transportation, and even financial services, much like Grab, its Southeast Asian counterpart.
But market experts have struggled to find value in a company that has consistently posted losses, and warned that it may never actually be profitable.
https://www.reuters.com/article/us-uber-ipo/uber-fizzles-in-wall-street-debut-opens-below-45-ipo-price-idUSKCN1SG12A
same shit as monday. Just have to wait it out. Got a hold of the kitchen, lb notables almost all same id too
feel ya anon. Got to entertained some way now.
>only to bounce back with a massive 450 point rally.
totally organic right?..what a shit-show.
can echo some of that too. It seem's as if there was a good solid rotation and then it sort of went down hill in late march. Having moar baker's is good, it's the quality that is suspect now. most ok…some not.