Companies > Trading

Saudi Arabia's Wealth Fund Is Underwater On Uber's IPO

4 monthes ago   |   By Fortune

Buy low and sell high, traditional investing wisdom dictates.
So far, that lesson hasn't worked out for one major Uber investor: Saudi Arabia's sovereign wealth fund. That fund, under a new directive to diversify the company's financials outside of oil, bought its shares of the ride-sharing giant when they were priced at $48.77 apiece-above Uber's IPO price of $45, per Securities and Exchange filings.
Ahead of its first day of trading Friday, Uber announced that it had raised about $8.1 billion in an IPO of shares priced at $45, the low end of its $44 to $50 range. That came amid renewed...
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Uber's IPO Hits a Yellow Light as Stock Price Stays Below Opening

4 monthes ago   |   By Fortune

Where was the pop?
Investors in Uber-German for over-should be rejoicing on the company's opening day on the NYSE. Instead, the stock opened at the planned $45 and has remained under that price as of midday.
Typically, an IPO is first sold through investment bank underwriters to big institutional investors and to favored individual clients, all of whom paid $45 a share. The expectation is that there will be a bounce when individual investors look to pick up some shares, allowing initial holders to see some profit.
Worries about the Lyft IPO and its quickly descending stock price pushed...
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A Silicon Valley stock exchange backed by Peter Thiel and Andreessen Horowitz just got SEC approval

A Silicon Valley stock exchange backed by Peter Thiel and Andreessen Horowitz just got SEC approval

4 monthes ago   |   By Business Insider

A new stock exchange backed by Silicon Valley venture capitalists just gained approval from the Securities and Exchange Commission.
The Long-Term Stock Exchange is a new stock exchange designed to encourage long-term thinking and investors.
It will compete with New York Stock Exchange and Nasdaq to take companies public.
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Uber's trading debut: who was at the opening bell

Uber's trading debut: who was at the opening bell

4 monthes ago   |   By Tech Crunch

Uber finally made its debut Friday on the New York Stock Exchange, ending its decade-long journey from startup to publicly traded company.
So far, it's been a ho-hum beginning with shares opening at $42 , down from the IPO price. The share price is hovering just under $44.
Thirteen people, including executives, early employees, drivers and customers, were on the balcony for the historic bell ringing that opened the markets Friday. Noticeable absentees were co-founder Garrett Camp and former CEO and co-founder Travis Kalanick, who was ousted in June 2017 from the company after a string of...
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Uber's IPO Hits a Yellow Light as Stock Price Stays Below Opening

4 monthes ago   |   By Fortune

Where was the pop?
Investors in Uber-German for over-should be rejoicing on the company's opening day on the NYSE. Instead, the stock opened at the planned $45 and has remained under that price as of midday.
Typically, an IPO is first sold through investment bank underwriters to big institutional investors and to favored individual clients, all of whom paid $45 a share. The expectation is that there will be a bounce when individual investors look to pick up some shares, allowing initial holders to see some profit.
Worries about the Lyft IPO and its quickly descending stock price pushed...
Read more ...

 

Uber just went public. Here's what 12 of its earliest employees are doing now, from the former intern who's now a powerful exec to the ousted former CEO who's worth $5.4 billion

Uber just went public. Here's what 12 of its earliest employees are doing now, from the former intern who's now a powerful exec to the ousted former CEO who's worth $5.4 billion

4 monthes ago   |   By Business Insider

10 years after Uber began as a tiny startup called UberCar, it's going public in one of the biggest IPOs ever.
Some of Uber's earliest employees, such as former CEO Travis Kalanick and cofounder Oscar Salazar, are no longer at the company.
Others, such as Rachel Holt and Austin Geidt, have stayed on and steadily moved up in the company.
Here's a look at 12 of Uber's first employees and what they're doing now.
Visit Business Insider's homepage for more stories .
In 2009, a tiny startup called UberCab was founded; today, it's just called Uber, and it's one of Silicon Valley's most successful...
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49 of the biggest scandals in Uber's history

49 of the biggest scandals in Uber's history

4 monthes ago   |   By Business Insider

Uber went public on Friday, May 10, in one of the biggest IPOs ever, but news hasn't always been so rosy for the company.
Over the years, Uber has been plagued by a long list of scandals, ranging from reports of sexual harassment to aggressive strategies to take down the competition.
Here's a look back at the biggest scandals that have rocked the company over the last decade.
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Uber just went public - here's what the app looked like when it first launched in New York City in 2011

Uber just went public - here's what the app looked like when it first launched in New York City in 2011

4 monthes ago   |   By Business Insider

Uber made its debut on the New York Stock Exchange on Friday in the most-watched tech IPO of 2019.
But back in 2011, when Uber first broke in to New York City, it was still a young startup, and its app was still pretty primitive.
Visit Business Insider's homepage for more stories.
In the 10 years since its official launch as UberCab in 2009, Uber has become a ride-sharing juggernaut.
Uber, which made its debut on the New York Stock Exchange on Friday in the most-watched tech IPO of 2019, now has 91 million users in 700 cities around the world. The company says 14 million Uber trips are...
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The woman who rang Uber's IPO bell is Austin Geidt, whose life is the stuff of Valley legend

The woman who rang Uber's IPO bell is Austin Geidt, whose life is the stuff of Valley legend

4 monthes ago   |   By Business Insider

Uber went public today in one of the largest IPOs in history.
Its founder CEO, board member and largest shareholder Travis Kalanick, who was forced out a couple of years ago, was told he couldn't stand on the NYSE opening bell dais, much less ring it. (He was there, on the floor in the crowd with his dad, though, and was greeted with applause when he walked in).
But Uber's current CEO, Dara Khosrowshahi, didn't ring the bell either.
That honor went to Austin Geidt, Uber's earliest employee.
Her career story is the stuff of Silicon Valley legend.
In 2010, she saw some tweets about a startup...
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The career of Ryan Graves, Uber's first employee and billionaire CEO, was launched by a single tweet

The career of Ryan Graves, Uber's first employee and billionaire CEO, was launched by a single tweet

4 monthes ago   |   By Business Insider

Ryan Graves' career at Uber began with a tweet.
In January 2010, when Uber was less than a year old, Travis Kalanick, then the CEO, tweeted : "Looking 4 entrepreneurial product mgr/biz-dev killer 4 a location based service.. pre-launch, BIG equity, big peeps involved-ANY TIPS??"
Graves saw Kalanick's tweet and responded : "Here's a tip. email me :)". He included his email address, too.
Graves has since left Uber, but his unconventional job application led him to one of the longest-running tenures at Uber - he even outlasted Kalanick, who resigned as CEO in 2017.
Graves most recently served...
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Markets Right Now: Stocks on track for worst week of year

4 monthes ago   |   By Chron

NEW YORK - The latest on developments in financial markets :
11:45 a.m.
Stocks are falling again on Wall Street after the U.S. and China failed to reach a trade deal, triggering a round of higher tariffs on Chinese goods.
The slump Friday extended a losing streak for stocks that has now erased all of April's gains and put the benchmark S&P 500 index on track for its biggest weekly loss of the year.
Technology stocks, which have led the market this year, fell the most. Those companies do a lot of business with China and would suffer greatly in a long trade war.
Chipmakers did especially...
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How Travis Kalanick, other investors fared in Uber IPO

How Travis Kalanick, other investors fared in Uber IPO

4 monthes ago   |   By Stl Today

Ousted Uber CEO Travis Kalanick's stake in the ride-hailing giant he co-founded a decade ago, which is going public Friday, is now worth more than $5 billion. The company set its IPO price at $45 a share Thursday, on the...
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Defiant Uber co-founder Kalanick shows up for stock market premiere

4 monthes ago   |   By Reuters

Travis Kalanick, the co-founder of Uber Technologies Inc who stepped down as CEO in 2017 amid a string of scandals, showed up for the ride-hailing giant's stock market debut on Friday even though Uber had not invited him to join executives on the balcony of the New York Stock Exchange to ring the opening bell.
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Travis Kalanick walked in to the New York Stock Exchange for Uber's IPO with his father and the crowd erupted in 'enormous applause'

Travis Kalanick walked in to the New York Stock Exchange for Uber's IPO with his father and the crowd erupted in 'enormous applause'

4 monthes ago   |   By Business Insider

Former Uber CEO and cofounder Travis Kalanick appeared at the New York Stock Exchange on Friday, May 10 for the ride hailing company's IPO.
Kalanick's arrival was met with "enormous applause," according to the New York Time's Mike Isaac .
Beside Kalanick was his father, Donald Kalanick, who survived a life-threatening boating accident in 2017 that killed his wife Bonnie.
Visit Business Insider's homepage for more stories.
Uber cofounder and former CEO Travis Kalanick was in attendance at the New York Stock Exchange on Friday morning, and he brought his father.
The pair arrived to "enormous...
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Cory Booker says his campaign needs to raise $1.7 million in the next 10...

Cory Booker says his campaign needs to raise $1.7 million in the next 10 days or he's out

Business Insider According to a report from NBC News , a staff memo from the Cory Booker campaign says they need $1.7 million by Sept. 30 or the campaign is kaput. Booker is... Read more ...

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Cory Booker says his campaign needs to raise $1.7 million in the next 10...

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According to a report from NBC News , a staff memo from the Cory Booker campaign says they need $1.7 million by Sept. 30 or the campaign is kaput. Booker is No. 8 in national... Read more ...

Trump and Rudy Giuliani are reviving allegations of a conspiracy involving...

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Controversy has brewed for months among former Vice President Joe Biden, his son Hunter, Ukrainian authorities, Rudy Giuliani, and President Donald Trump. At the heart of the... Read more ...

Drake has been named the No. 5 richest rapper in the world with a $150...

Drake has been named the No. 5 richest rapper in the world with a $150 million net worth - here's a look at how he got there

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Hong Kong demonstrators called a Chinese-American journalist a 'yellow thug'...

Hong Kong demonstrators called a Chinese-American journalist a 'yellow thug' and attempted to stonewall her reporting

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Apple said it made improvements in the iPhone 11 to help keep its...

Apple said it made improvements in the iPhone 11 to help keep its performance high even as the battery gets old

Apple's new iPhone 11 and iPhone 11 Pro models have built-in power and battery management systems that will manage performance better than previous iPhones , the company said... Read more ...

The 7 most disappointing features in iOS 13

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Apple on Thursday released iOS 13, the newest version of its iPhone operating system, to the public. iOS 13 has a ton of improvements and quality-of-life features that make... Read more ...

Here's how much each iPhone Apple makes costs in 15 different countries...

Here's how much each iPhone Apple makes costs in 15 different countries around the world

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How fashion icon Michael Kors turned a small boutique in his mom's basement...

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