THE WOLF STREET REPORT: When the Music of the “Wealth Effect” Stops by Wolf Richter • Jun 30, 2019 • 44 Comments OK, so we have a phenomenon here that has taken on historically huge proportions in the era of the Everything Bubble.
Nasdaq Drops 6.3% in 6 Days, as Uber & Lyft IPOs Turn into Colossal Flops. S&P 500 Chart Not Pretty by Wolf Richter • May 13, 2019 • 55 Comments Russell 2000 back where it had first been in November 2017.
Uber Discloses 3-Yr $10-Billion Loss from Operations, Stalling Rideshare Revenue & 50 Pages of “Risk Factors” that Are Not for the Squeamish by Wolf Richter • Apr 11, 2019 • 89 Comments But it had big tax benefits & one-time gains. And Uber Eats is hot, so to speak.
Uber, Cabify “Evicted” from Barcelona as Turf War with Taxi Drivers Gets Ugly by Don Quijones • Jan 24, 2019 • 27 Comments Will Madrid be next?
Have Rising Gas Prices & Uber’s Serial Fiascos Impacted the Desire to Become an Uber Driver? by Wolf Richter • Aug 4, 2018 • 46 Comments But there’s a bottom for everything.
Chaos Erupts in Uber v. Taxi Drivers Turf War in Barcelona by Don Quijones • Jul 26, 2018 • 27 Comments The competitive advantage rideshare giants have over local taxi firms is their ability to burn cash, as investors eagerly subsidize each ride.
What Future Is Uber Seeing for Itself? by John McNellis • Jul 15, 2018 • 59 Comments Its fleet of autonomous cars thus far has gone the way of the Spanish Armada, producing nothing but grief.
Uber Loses Share to Lyft. Both Crush Rental Cars and Taxis by Wolf Richter • Apr 30, 2018 • 94 Comments War in business ground transportation. But tipping is not popular.
“Welcome to Hell”: Barcelona Taxi Drivers Prepare for Uber’s Return by Don Quijones • Mar 17, 2018 • 37 Comments Uber has struck a more conciliatory approach this time, but taxi drivers are not convinced.
Turns out, Uber Shareholders Are Eager to Sell at 30% Discount by Wolf Richter • Dec 28, 2017 • 29 Comments Big pain and some relief for Saudi Arabia.
