05/13/19

UBER Surge Pricing

Hail, Uber! Uber went public last week with great fanfare befitting the third largest Initial Public Offering in US history. Hoorah, Uber! All hail Uber!

Then, they ran into reality and reality drowned them with surge pricing.

Uber came public at the low end of the proposed range (already a huge disappointment when compared to the investment bank courtship days) and promptly fell, making it the largest first day IPO loser in US history. Hello, America.

In fairness to Uber, the markets have been reeling with the US-China trade treaty negotiation news and the imposition of tariffs and retaliatory tariffs. [Trump’s fault?]

Lyft — a competitor — was also tanking adding to the cloud over the market and the IPO world.

Nonetheless, Uber has some problems.

Uber shares.

Continue reading

12/5/14

Unicorn Hunting Season

Big Red Car here. Ahhh, back to the great times in the ATX, y’all. I know you’re jealous. Who wouldn’t be?

Going to be 76F today. Ahhh, on Earth as it is in Texas! The ATX.

So The Boss was talking with one of his brilliant CEOs who took his advice and bought an Old Economy company and transformed it into a New Economy company. Oil Patch company. Continue reading