Research archive for UBER

To my great delight, Uber has finally filed to go public in early 2019. Its common stock will be available to buy and sell on the NYSE or the Nasdaq, so we can all choose to add a holding in Uber to our portfolios. Uber was able to stay private for so long because it raised billions of dollars from investors at public-company-like valuations from private sources. Companies like these are called unicorns.

Uber just canned it's self-driving car project in Pittsburgh. The company suspended the driverless-car testing at all of its secret locations in Pittsburgh, San Francisco, Toronto, and Tempe after a fatal accident earlier this year, that caused an uproar about autonomous vehicles. The humans are just not ready!