Re:Uber’s Losses Widen as SoftBank Launches Bid to Buy Shares
by hbosch on Thursday November 30, 2017 @12:29PM
(#15817556)
> Given the widespread unethical (and probably criminal) activity that was conducted at the highest levels of the company I would say there are even odds that there are some big skeletons in the closet that opening the books would reveal and that is why they have stayed private so long.
I don't think this can be understated. In the social and political climate of today, it would be hard (I think) for Uber to have a banner IPO. When you look at where we are, with sexual misconduct headlining the nightly news, I feel like Uber would generally like to avoid public scrutiny until the issue is not as hot.
Re:Uber’s Losses Widen as SoftBank Launches Bid to Buy Shares
by watwut on Thursday November 30, 2017 @12:55PM
(#15817831)
I kind of suspect that Uber might have skeletons much bigger then sexual misconduct. I would be surprised if their financials were in order and if legal documents did not contained a lot of lies.
Re:Uber’s Losses Widen as SoftBank Launches Bid to Buy Shares
by staticautomatic on Thursday November 30, 2017 @12:58PM
(#15817859)
I don't think any Uber investors can be characterized as smart, even if they have made or end up making money.
Re:Uber’s Losses Widen as SoftBank Launches Bid to Buy Shares
by allenz on Thursday November 30, 2017 @01:59PM
(#15818472)
Hindsight is always 2020.
Re:Uber’s Losses Widen as SoftBank Launches Bid to Buy Shares
by staticautomatic on Thursday November 30, 2017 @06:55PM
(#15820766)
Hardly. That has been my position for years. I have always believed that Uber's management made it a profoundly risky investment, and accordingly not smart. Reasonable minds will disagree with me. I'm entitled to think they're wrong.
Given the widespread unethical (and probably criminal) activity that was conducted at the highest levels of the company I would say there are even odds that there are some big skeletons in the closet that opening the books would reveal and that is why they have stayed private so long.
Why else would Benchmark and others be running for the exits now? If all the smart money that knows the company best is dumping at a discount it does not paint a pretty picture.