Good times with the latest Uber theft news:
What are the odds of Google ending up owning a big chunk of Uber at this point?

http://www.reuters.com/article/us-ub...-idUSKBN17Z0U6

5% chance? Uber will likely get a slap on the wrist. Reminds me of this.

Justice Dept. opens criminal probe into Uber's use of software to evade regulators; grand jury subpoena issued to co. -Reuters

Hmmm...

I don't believe anything said about Uber's financials until they actually go public. At the rumored valuations, going public is the only way investor's will be able to exit. It is actually very odd that they haven't gone public yet.

I don't believe the market would support a $60 billion valuation for Uber. And they need a much higher than $60 billion valuation for the later stakeholders to get properly paid off.

Going public also greatly increases scrutiny and reporting, and given what looks like illegal, immoral and generally questionable activities, I'm not sure it would be in their interest.

That will start to be a problem as employees will start to see their stock options be worthless. That may be why the President quit.

I still hear radio ads recruiting drivers. Their driver attrition must be very high which means they aren't making money.

http://www.businessinsider.com/uber-...m-gupta-2017-5

Uber has seasonality, in which Q1 is typically their lightest quarter for rides. So their losses are likely lower in Q1 since each ride is believed to be operating at a loss once you factor in discounts, rider and driver subsidies.

What's interesting is that I didn't get offered any discounts in Q1 but in the past few weeks I've been offered 30 rides at 20%, 15% and 20% off.

Oh and that number is excluding stock comp, so yeah...

I was looking at my Uber eats bills... and I realized most of them are 20 dollar bills for like 12 dollars of bubble tea. Rest is delivery cost and like $3 tip. And to be honest, usually I get two bubble teas because I can’t stomach paying more in delivery costs than for the bubble tea. Dumb, I know.

Then I remembered I posted in this thread that I think cost of delivery in ubereats like service would overwhelm cost of things people want delivered...

Well, yeah, the delivery costs are huge but apparently I am okay with paying them to not have to put on pants and go outside.

That was a mistake in thinking on my part. I should have recognized even if the cost of delivery overwhelms the cost of food, it may not overwhelm consumers’ willingness to pay.

By stopped do you mean... stopped? or, not worth as much as the market thinks and so the stock will perform horribly for years to come?

... company cannot be stopped, but stock price can perform horribly. Insiders dumping stock today after lockout period over.