uber-founder-cut-$400-million-deal-with-saudi-arabia-3-months-after-khashoggi-chopping

Uber co-founder’s newest startup received $400 million from Saudia Arabia’s PIF 11 months ago. PIF’s investment in Uber is over $1 billion in the red since the IPO. The report comes just over a year since the brutal murder of Jamal Khashoggi. Despite Uber’s poor showing, Saudi Arabia’s appetite for investing in U.S. startups shows…

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paypal’s-$500-million-uber-bet-has-already-lost-$190-million.-it-could-get-worse

PayPal got in late having bought over 10 million shares of Uber at $45 Some analysts are expecting a ‘horror show’ after the stock lock-up period expires. Uber’s stock hit a record low on Tuesday a day ahead of the expiry of the lock-up period Payments firm PayPal (NASDAQ: PYPL) was one of the biggest…

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stock-market-braces-for-uber,-pton,-cvs,-and-dis-earnings

This could be another bumper week for markets as more big-name firms are due to release their third-quarter earnings. Market-moving economic numbers are scant, though, with the Fed set to release Q3 productivity figures on Wednesday and September’s consumer credit report on Thursday. This week will be a big one for 2019’s IPOs as both…

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saudi-arabia-joins-softbank-in-biggest-loser-club-with-$1.1-billion-uber-loss

Uber Technologies’ (NYSE:UBER) fifth largest shareholder, the sovereign wealth fund of Saudi Arabia, has now lost over a billion dollars by investing in the ride hailing firm. Based on the most recent holdings report to the SEC, the Kingdom of Saudi Arabia’s Public Investment Fund currently owns 72,840,541 shares in Uber Technologies. PIF made the…

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uber-stock-thaws-as-wall-street-warms-to-rideshare-wonder

The stock market is juggling a trio of issues comprised of the trade talks, the Fed, and the upcoming third-quarter earnings season. And while it hasn’t been pretty, all three major stock market indices are currently trading in the green. One stock that is helping to buoy sentiment is rideshare play and recent IPO, Uber.…

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after-uber,-investors-dodged-a-bullet-in-the-wework-ipo

It’s official. Adam Neumann is no longer at the helm of the workspace startup he founded, WeWork, amid a stalled IPO that has shattered the dreams of both the company and its backers for a huge payday. We couldn’t ignore the similarities between WeWork and another tech unicorn that managed to pull off its debut…

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airbnb-isn’t-just-any-unicorn-about-to-ipo.-it-actually-makes-money

The newest stock market unicorn to announce its IPO plans is Airbnb. The short-term rental company, which has exploded in popularity over the past few years, announced that it may seek to file for its initial public offering next year. Its most recent fundraising round resulted in a valuation of $35 billion. Airbnb Justifies Its…

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why-millennials-suck-at-buying-stocks

TD Ameritrade’s data shows that the dumbest investors are Millennials. They invest in the riskiest stocks, and don’t even know why. | Source: ShutterstockEvery month, TD Ameritrade puts out a proprietary behavior-based index based on the stock trading behavior of its clients, called the Investor Movement Index, or IMX.There are some critical pieces of data…

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egyptian-uber-driver-found-guilty:-raped-intoxicated-female-passenger-then-charged-her-$150-for-vomiting-in-vehicle

A Pennsylvania Uber driver was convicted Thursday on multiple sexual assault charges after he raped an intoxicated passenger and charged her $150 for vomiting in his vehicle. A jury determined Ahmed Elgaafary, a 27-year-old Egyptian national, was also charged with raping an unconscious person, sexual assault and indecent assault. The incident transpired in February. Elgaafary…

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uber-investor-mistakenly-claims-stock-is-toast-without-kalanick-like-ceo

Uber investor Bradley Tusk says the stock needs a ruthless CEO to escape the doldrums but one investment manager disagrees. | Source: REUTERS/Andrew Kelly Bradley Tusk, an early investor in Uber Technologies and its first political strategist, believes current management lacks the innovative and intense vision of founder Travis Kalanick and that Uber stock will…

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