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Business

“Big Uber Shareholders Rebel on CEO’s Huge Pay Package Amid… Layoffs”

“At Uber’s 2020 shareholders meeting on Monday, a group representing large Uber shareholders took issue with how much the ride-sharing giant is paying its CEO Dara Khosrowshahi while the company slashes thousands of jobs and its contractor drivers struggle to make ends… Continue Reading…

Stocks

“Uber stock hits a new low as lockup period ends”

“Uber shares hit a record low of $25.58 when the market opened Wednesday after hitting a previous low of $27.97 on Tuesday. Shares bounced back to nearly $27 per share, or 40% lower than its IPO price of $45…” https://www.cnn.com/2019/11/06/tech/uber-stock-lockup/index.html

Business, Investing

Yikes! “Uber unveils IPO with warning it may never make a profit”

” Uber Technologies Inc has 91 million users, but growth is slowing and it may never make a profit, the ride-hailing company said on Thursday in its IPO filing. ..” https://uk.reuters.com/article/us-uber-ipo/uber-reveals-91-million-users-but-cautions-on-profitability-in-ipo-filing-idUKKCN1RN2SK Wow! Uber may never make a profit? Never!? Get… Continue Reading…