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Episode 56 - Uber's IPOooops 🚗📉

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Manage episode 233585457 series 2182907
Content provided by Sean Culley. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Sean Culley or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

On this episode of Not Rocket Science, we recap the Uber’s rocky IPO from last week and break down both the reasons for such a terrible opening day and our overall skepticism of Uber’s long term investment potential. Everything from their promise of self-driving cars, to the reasons why they have never been profitable as a company to how they have gotten wiped out by start-ups such as Grab (in Asia) and Taxify (in Africa) in recent years gets analyzed with the goal of painting an honest picture of where Uber stands as a company. We also deep dive on their self-made comparisons to Amazon (which was also not profitable when they had their IPO in 1997) and make the case for why the comparison is as shallow as a kiddie pool. Also, there is another NYC weather rant at the beginning of this one (although shorter than usual) since it has been raining like NYC citizens are being punished or something in the past few days.

Have a request, comment, question, or hate rant against us? Don’t buy the Uber hype? Gobblin up allll the Uber stock? Hit us up!!

Email: [email protected]

Instagram: @nrs_show (very active!)

Twitter: @nrs_show

Become a supporter of this podcast: anchor.fm/not-rocket-science/support

--- Support this podcast: https://podcasters.spotify.com/pod/show/not-rocket-science/support
  continue reading

105 episodes

Artwork
iconShare
 
Manage episode 233585457 series 2182907
Content provided by Sean Culley. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Sean Culley or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

On this episode of Not Rocket Science, we recap the Uber’s rocky IPO from last week and break down both the reasons for such a terrible opening day and our overall skepticism of Uber’s long term investment potential. Everything from their promise of self-driving cars, to the reasons why they have never been profitable as a company to how they have gotten wiped out by start-ups such as Grab (in Asia) and Taxify (in Africa) in recent years gets analyzed with the goal of painting an honest picture of where Uber stands as a company. We also deep dive on their self-made comparisons to Amazon (which was also not profitable when they had their IPO in 1997) and make the case for why the comparison is as shallow as a kiddie pool. Also, there is another NYC weather rant at the beginning of this one (although shorter than usual) since it has been raining like NYC citizens are being punished or something in the past few days.

Have a request, comment, question, or hate rant against us? Don’t buy the Uber hype? Gobblin up allll the Uber stock? Hit us up!!

Email: [email protected]

Instagram: @nrs_show (very active!)

Twitter: @nrs_show

Become a supporter of this podcast: anchor.fm/not-rocket-science/support

--- Support this podcast: https://podcasters.spotify.com/pod/show/not-rocket-science/support
  continue reading

105 episodes

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