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The details behind Uber's IPO were just released...⠀
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Uber (UBER) is burning through cash. They've been spending a ton on recruiting so that the company can "remain competitive in certain markets." Their stellar growth is slowing. That being said, they are diversifying their service offering into food delivery and scooters while also continue to make progress in the world of driverless cars.⠀
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Hey, @spicercapital Community! Whether you like it or not, Uber's IPO will effect you. Since it'll be the largest ever IPO by a long shot, I wouldn't be surprised if it causes waves for the rest of the market...⠀
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As for owning shares of UBER? I, personally, have no interest. And not just because it's an IPO... If you watched by YouTube video on Lyft (in the "2 Stocks to Avoid in April" video) you already know why. Here are my biggest 2 reasons: (1) they have no plan to profitability and (2) I never invest in something that I can't figure out how to value - any valuation attempt would be an utter guess, and I don't want my investment dollars riding on a speculation! But that's just me, what about you...⠀
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Are you in or out on Uber?⠀⠀
Let's Discuss in the COMMENTS!⠀⠀
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✅ Follow @spicercapital to learn to INVEST SMARTER ⠀
✅ Follow @spicercapital to learn from a Practicing Professional ⠀
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I'd love to get to know you and help however I can!⠀⠀
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DISCLOSURE: Spicer Capital is a Registered Investment Advisory firm. Stephen Spicer, CFP® is a financial advisor. The information presented here is for educational purposes only. It is not meant as a recommendation to buy or sell. Please see our full disclosures at https://buff.ly/2HEQxMU.⠀
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@Lyft stock opens for trading at $87.24, 21% above its $72 IPO price
The high end of market expectations — which gave the company a valuation of over $24 billion in the booming market for car sharing.
Company’s revenue growth has outpaced Uber’s in recent years. From 2014 to 2017, Lyft has seen a compounded annual growth rate of an astounding 223% compared to Uber’s 146% clip over the same time period. Looking at 2018 specifically, Lyft’s annual revenue rose 100% year-over-year, compared to Uber’s 43% revenue jump.
#lyft #ipo #nasdaq #stockmarket #business #stocks #trading #carsharing #market #uber #brand
Here are the top 10 US IPOs in the last decade and how their stock performed. Read more at the link in bio.
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Ditchie was SO good at the vet this morning. He chilled while we waited, smothered the employees with love, and couldn’t have cared less about the other dogs. Such a nice dog.
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Collecter les statistiques #IPO effectuez une recherche à l'obtention des statistiques (Aller à la sélection).