Heard on the Street: Uber's pre-IPO documents detail a disturbing volume of payments to drivers to keep their wheels rolling
Uber’s public documents differ from rival Lyft by being more explicit about the incentives it gives drivers—if only that were comfortingForget net profits—in some markets, Uber is starting in a hole, paying more to drivers to complete a trip than the customer pays for the ride.
The ride-hailing company’s initial public offering document is the latest window into goodies it offers drivers to keep their wheels turning. Its accounting methods vary from rival Lyft, but both companies could make things clearer for investors.
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What Uber's IPO Reveals About Uber Freight's Marketplace Opportunity Is Highly MisleadingUber has a very powerful brand name. It undoubtedly contributed to Uber Freight's growth. But if this was a stand-alone prospectus for just Uber Freight, and if the Freight division did not carry the name 'Uber,' who would be foolish enough to invest in them?
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Notre Dame calls everyone to something greater, says priestFather Kevin O'Brien, President-elect Santa Clara University on Notre Dame: 'The building has been through a lot of ups and downs throughout its history, and the building remains. It will be rebuilt. There's something resilient about this building.'
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Analysts don't know what to make of Uber's $100 billion valuationAnalysts got their first look at Uber's financials on Thursday but they still are unsure whether they justify a $100 billion valuation.
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Alphabet Is Uber IPO’s Surprise Winner With Potential $5 Billion StakeAs one of Uber’s top shareholders, Google-parent company Alphabet’s stake could be worth $5 billion if Uber hits its expected IPO valuation of $100 billion by jillianiles
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Study shows some drivers for Uber in D.C. found it ‘unsustainable’Study shows some drivers for Uber in D.C. found it 'unsustainable'
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Uber unveils safety measures after college student's murderUber Technologies Inc said it was rolling out new safety features to help riders...
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Uber’s self-driving car unit may be worth $7.25 billion aloneUber is on track to close a deal that could value its self-driving car unit at $7.25 billion, according to The Wall Street Journal.
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Uber launches feature that lets female drivers in Saudi Arabia avoid taking male passengersThe 'Women Preferred View' feature was created after research found that 74 percent of prospective female drivers only wanted to pick up women riders, according to Uber.
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Uber nears investment deal for self-driving car unit: WSJUber Technologies Inc is nearing a deal with a group, including SoftBank Group C...
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