POPULARITY
In this episode, Thaddeus and Gary discuss Huawei, tariffs, Uber's IPO fail, and the Supreme Court's decision to allow consumers to sue Apple.
Is Uber and Lyft Stock Worth It? You can't really say it's been a rough IPO market, with many names performing quite well since going public. Zoom Video (ZM) , Pinterest (PINS) and others have been strong thus far. However, we can say it's been a rough IPO market for ride-hailing services as both Uber (UBER) and Lyft (LYFT) have seen strong selling pressure since making their debuts. Lyft opened for trading near $88 in late March and is quickly down $40 a share six weeks later to $48 on Monday. The stock is down about 6% on the day and is making new 52-week lows on the session. Uber isn't far behind, with shares down more than 11% on the day to $37. Shares are making new lows and are well below the $45 IPO price at this point. If fact, both stocks have similar action two days in, with the exception that Lyft opened well above its IPO price before fading lower. It's got investors shaking their head and asking, "What's Uber stock really worth?" Unfortunately, that's not such an easy answer. Granted, Uber couldn't have gone public at a worse time -- at least in the short term. That said, even when the market was posting a big upside reversal on Friday, the day Uber went public, the ride-hailing stock couldn't even bounce back over its IPO price. In the buildup to Uber's IPO, the company was looking to fetch a valuation as high as $120 billion. That would ensure that even its latest round of investors -- for which there have been so many rounds for a private company -- would be able to exit with a handsome profit. After seeing the reaction to Lyft's IPO, Uber had to become more conservative with its IPO but was still aiming for a $90 billion to $100 billion valuation. At one point, valuation expert Aswath Damodaran of NYU said the company is worth much less than that, pegging its valuation at around $60 billion. That puts the company at about 5.3 times 2018 total revenue, which grew almost 40% from the prior year. "If there is anything positive that can be extracted from this table [referencing Uber's annual EBITDA data], it is that the losses are decreasing as a percent of sales, over time," he wrote. Uber's a tough one because there aren't many comps on the public market. Besides Lyft, what else do we compare it to that's a U.S. traded stock? All investors have to go on is Lyft's recent performance and earnings result. There's also the fact that they both lose a lot of money. In 2018, the company had an operating loss of $2.8 billion and while that's improvement from the prior year's operating loss of $3.8 billion, it's still a big concern. In this type of market where investors have more questions than answers, companies like Uber fall into the sell first, examine later pile. Will we see the 40%+ beating that we've seen in Lyft? If so, that would bring Uber below $30 a share and its market cap down below $50 billion, as its market cap presently hovers near $62 billion. While that may seem like an unlikely scenario, just remember how far the stock has fallen thus far. Should the market selling accelerate in the coming days and weeks, it doesn't look like Uber stock will be a safe place to hide. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/carterfarrpodcast/support
Warning: Game of Thrones Spoiler mentioned On this week's show we talk about: Uber's IPO and IPO's in general. Why they often aren't a purchase worth making. The challenges of investing at the IPO and more. Resources: https://awealthofcommonsense.com/2017/03/the-downfall-of-the-popular-ipo/ & https://www.investopedia.com/ask/answer/12/ipo-lockup-period.asp Tweet of the Week: https://twitter.com/justglew/status/1104648009415966721?s=12 Schwab's Modern Wealth Survey: https://www.bloomberg.com/news/articles/2019-05-13/how-much-money-do-you-need-to-be-wealthy-in-america Resources Referenced: Sudden Wealth - Susan Bradley
What's with Uber's IPO scene? Let's dive into fundings - Recruiting company humanpredictions landed $1.16 million from investors. The round was led by Network Ventures. The company wants to help hiring managers fill their shortages of tech roles, from software engineers to data scientists. The company claims it wants to discover “hidden tech talent outside of LinkedIn” by using data and machine learning. Real estate startup Reali raised a $9 million “Series B2,” adding to its initial round of $20 million. The way Reali works is to hire its own licensed real estate agents, who are salaried and not paid on commission. Buyers and sellers pay a flat rate of $5,000 to $10,000 depending on the price of the property, rather than a several percentage commission. Toronto-based Lane, which calls itself a workplace experience platform, said it would use a $2.5 million funding to expand into the U.S. The five-year-old company raised the money from Alate Partners, Panache Ventures and Colliers/Techstars. Lane said its modular technology integrates with an existing building “to create a tailor-made workplace experience that dramatically increases the overall ROI of any office with the use of a technology-driven assistant.” Its goal is to streamline traditional building management by “providing instant access to software, services, and amenities.” Mint House, which wants to help business travelers have a more “tech-rich” experience, announced a $15 million Series A led by Revolution Ventures. The New York-based company promises “tech-forward accommodations,” including a mobile app for check-ins and messaging with customer service. Learn more about what happened at the Google IO 2019 conference as well. Tune in!
Dan talks about the ramifications of the trade war with China with Axios Markets Editor Dion Rabouin. In the "Final Two", Facebook makes more political enemies and what really happened with Uber's IPO.
Mitch Kapor, Partner at Kapor Capital, shares stellar return results of their portfolio's first-ever Impact Report, investing with purpose to close gaps & back entrepreneurs with distance traveled, insights on Uber's IPO, fixing the gig economy, promoting diversity in Silicon Valley & creating long-term value v. short-term gains
Matthew Taylor, senior correspondent at CNBC shares more about what investors should look out for this week, such as the US-China trade talks, Uber's IPO debut slump, and the lead up to elections in Australia on Saturday.
Uber, the rideshare app, recently was valued at $80 Billion and placed it's IPO. In turn, drivers for Uber and Lyft have turned off their ride share apps to protest. These drivers are bringing the inequality of pay, driving conditions, and lack of job security to light. Overall, this strike during UBER's IPO has helped aid in a bit of a stumble for the company. So this week, we sat down and talked about how this problem could be solved. Further, looking into the variables that affect a Uber or Lyft driver's day to day routes. Thank you for listening and please let us know what you think could help ride share programs such as Uber and Lyft to help their contractors. Email us: TheOffTheTopPodcast@gmail.com Social: @OffTheTopCast
Patrick Chovanec, Chief Strategist of Silvercrest Asset Management, on how the collapse of China trade talks will impact markets and investment. Mike McKee, International Economics & Policy Correspondent for Bloomberg, on how Trump's tweets about tariff impact to farmers don't add up. Andy Kuper, CEO of LeapFrog Investments, an impact-only private equity fund manager, discusses investing in emerging markets. Shira Ovide, Bloomberg Opinion technology columnist, on Uber's IPO. Hosted by Lisa Abramowicz and Paul Sweeney.
Every week on eMarketer’s “Behind the Numbers” podcast, we take a few moments to discuss some of the most intriguing headlines of the past week. This week, we're talking about Uber's IPO, how nostalgia works in advertising, how much Twitter reflects society and where did the Nike logo come from?
Dan and Axios World editor Dave Lawler discuss why human rights haven't been a part of U.S-China trade talks, and how the rest of the world has followed their lead. Plus, a Facebook co-founder calls for a breakup and what to watch for on Uber's IPO day.
Uber and Lyft drivers all across the world are on strike for better wages and working conditions (employees vs. independent contractors) all before Uber's IPO is about to drop. However, there are bigger concerns afoot than a strike amid its drivers. Also, Ed Meese (fmr. Attorney General under President Reagan) looks at the law and logistics of how House Democrats want to look at the full Mueller report as well as to hold current AG William Barr in "contempt of Congress."
We talk to disability and health activist Stefanie Mezigian about ride-sharing company Lyft's violations of the Americans with Disabilities Act and how this is connected to the #StrikeUberLyft strike scheduled for May 8th. (Don't cross the picket line on May 8th! Turn your ride-sharing apps off and show solidarity with workers.) Additional links/info below... Stefanie's Twitter page For Our Future Michigan, "Stefanie Mezigian Shares a Powerful Message about Healthcare for All" Samantha Maldonado, Politico, "Lyft Fights to Avoid Americans with Disabilities Act in Federal Court" Disability Rights Advocates (DRA), "Lyft Sued for Illegally Excluding Bay Area Wheelchair-Users" Andrew J. Hawkins, The Verge, "Uber and Lyft Drivers Are Planning a Strike on Wednesday ahead of Uber's IPO" Featured Music (all songs sourced from the Free Music Archive: freemusicarchive.org) Lobo Loco, "Malte Junior - Hall"
Uber’s initial public offering (IPO) is scheduled for Friday. In this podcast we break down what it means for Uber and the broader technology sector.
Dan and NY Times columnist Farhad Manjoo discuss this week's Uber IPO. Plus, in the "Final Two," Trump delays a Chinese IPO and what to look for in Facebook's settlement with the FTC.
Carl Liebert, President and CEO of AutoNation, on earnings and outlook, and the health of the auto loan landscape. Paul Galvin, head of sustainable construction company SG Blocks, which repurposes shipping containers into living and working environments. Tom Atteberry, Portfolio Manager for FPA, on the Fed, fixed income, and the economic slowdown. Mandeep Singh, Senior Tech Industry Analyst for Bloomberg Intelligence, and Olivia Zaleski, Bloomberg deals reporter, on Uber's IPO filing and Slack's impending listing. Hosted by Lisa Abramowicz and Paul Sweeney.
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines.Kate and Alex are back (again), bringing you the latest on the IPO front. As Friday is coming to a close, we'll keep this post short to leave plenty of room for you to dig into the audio. Welcome to the weekend.Up first we dug into Uber's latest S-1 filing. This time, the company set a price range for itself (TechCrunch's coverage here), valuing itself at $84 billion and also detailing estimates of its first-quarter results (Crunchbase News's notes here).We suspect Uber will ultimately price a top that range. Time will tell.And then we turned to Slack, who's direct listing will help set the historical tone for the unicorn era; screw your money, Slack says, we have our own. Well maybe not, but the company has impressive growth, killer margins, and, to our surprise, larger GAAP deficits than we expected. The company's filing was fascinating.But worry not, we can figure out how to value Slack. It's Uber that left us scratching our heads. Expect next week to be another blizzard of news and numbers.Thanks as always for listening to the show. We've never had more downloads than these last few weeks. It means a lot that you want to hang out with us. Don't forget that we have an email address (equitypod@techcrunch.com), and a hashtag that Alex needs to learn to use: #equitypod.
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines.Kate and Alex are back (again), bringing you the latest on the IPO front. As Friday is coming to a close, we'll keep this post short to leave plenty of room for you to dig into the audio. Welcome to the weekend.Up first we dug into Uber's latest S-1 filing. This time, the company set a price range for itself (TechCrunch's coverage here), valuing itself at $84 billion and also detailing estimates of its first-quarter results (Crunchbase News's notes here).We suspect Uber will ultimately price a top that range. Time will tell.And then we turned to Slack, who's direct listing will help set the historical tone for the unicorn era; screw your money, Slack says, we have our own. Well maybe not, but the company has impressive growth, killer margins, and, to our surprise, larger GAAP deficits than we expected. The company's filing was fascinating.But worry not, we can figure out how to value Slack. It's Uber that left us scratching our heads. Expect next week to be another blizzard of news and numbers.Thanks as always for listening to the show. We've never had more downloads than these last few weeks. It means a lot that you want to hang out with us. Don't forget that we have an email address (equitypod@techcrunch.com), and a hashtag that Alex needs to learn to use: #equitypod.
Today on Crain’s Daily Gist, host Amy Guth talks with Crain’s Chicago Business nonprofits and philanthropy reporter Lisa Bertagnoli about Mayor Rahm Emanuel’s offer to help end the nearly seven-week-long impasse between the Chicago Symphony Orchestra's management and musicians. Plus: Acting defense chief Patrick Shanahan is cleared of wrongdoing by a Pentagon watchdog, Glenview’s Abt Electronics is the only place in the U.S. displaying Samsung's new $70,000 TV, Citadel Securities will assist with Uber's IPO, Caterpillar beats estimates but its stock falls, Sweetgreen goes back to accepting paper money, Tyson Foods exits its Beyond Meat investment a week ahead of the plant-based protein company’s IPO and a $500 million development gets the green light in Oak Brook. Follow host Amy Guth on Twitter at @AmyGuth, or continue the conversation with #CrainsDailyGist.
Show Description: In this episode's current events, we dive into the latest Fortnite World Cup cheating scandal, the dangers of static stretching and the proper way to prepare your body for a training session, Airbnb's investment in the new hospitality startup called Lyric, Uber's IPO and financial outlook, and the Sri Lanka bombings. In the real life experience section of the episode, Tim discusses 2 unique time management strategies he is currently trying right now in his sales role and daily routine. Slager talks about the right way to approach a delicate topic with someone, and how you can manage your emotions and body language effectively. In the final section of "Book Talk," we discuss knowing and owning your learning style and understanding other's communication and learning styles to help you relate better to them. Slager finished his latest book and describes what it means to live a "pure life". Show Highlights: 4:00-10:00: Colin and Tim each give a quick Easter Weekend recap. 10:00-16:45: Fortnight banned over a thousand accounts for cheating during the Fortnite World Cup. We take a look at the reasons why, the punishments, and the concept of cheating in eSports. 16:45-25:15: After talking about the dangers of static stretching for exercise, we discus the best ways to prime and prepare your body for your next workout. 25:15-35:30: Airbnb is funding a new hospitality startup called Lyric. We discuss this interesting new company and the different ways it will enhance your travel and lodging options outside of a typical hotel or Airbnb. 35:30-42:30: Continuing our previous discussion involving Uber's IPO, we give an update on what the future might look like for its profitability, and what it needs to do to remain a necessity and profitable venture into the future. 42:30-49:15: We somberly recap the Sri Lanka bombings, the evil force of terrorism, and the way the Devil creates fear in our world through terrorism. 49:15-54:00: Tim talks about 2 time management strategies that has helped him greatly in the last couple weeks, both in his job and his regular day. 54:00-1:01:00: We get into the topic of confrontation, and the most effective way to approach a delicate topic with someone, especially nonverbally. 1:01:00-1:09:30: Drawing from Peter Drucker's "Managing Oneself," we get into the importance of identifying your own learning style, and using that to communicate with others effectively. 1:09:30-1:17:00: Slager finished "When God Writes Your Love Story," and discusses his final takeaways, including living a pure life in your relationships and treating everyone with love and patience.
There's a world of buzz brewing within the fast-growing salad company Sweetgreen. Inc.'s writers and editors take a look at the May cover story. Plus: the audacity of Uber's IPO, and the fascinating evolution of Warby Parker's marketing strategy. Learn more about your ad choices. Visit megaphone.fm/adchoices
Kara and Scott talk about Disney breaking into the content streaming business, the Uber IPO and, yes, Game of Thrones. Facebook actually gets a win this week for bringing on their first African American woman as a board member (but will she hold Zuckerberg to account?). YouTube very failed at getting accurate information on the burning of the Notre Dame cathedral. Prediction: the unicorn-class is the big loser of this year... Learn more about your ad choices. Visit megaphone.fm/adchoices
Kara and Scott talk about Disney breaking into the content streaming business, the Uber IPO and, yes, Game of Thrones. Facebook actually gets a win this week for bringing on their first African American woman as a board member (but will she hold Zuckerberg to account?). YouTube very failed at getting accurate information on the burning of the Notre Dame cathedral. Prediction: the unicorn-class is the big loser of this year... Learn more about your ad choices. Visit megaphone.fm/adchoices
My thoughts on the Uber IPO... Uber plans to release there IPO very soon.. This is my thought on what I think will happen. Uber Technologies Inc. is a transportation network company headquartered in San Francisco, California. Uber offers services including peer-to-peer ridesharing, ride service hailing, food delivery, and a bicycle-sharing system. The company has operations in 785 metropolitan areas worldwide. Wikipedia Uber's IPO filing indicates that losses will pile up on account of ballooning expenses. Uber's IPO filing today revealed a mix of good news and bad news about the company. The good: In 2018, Uber made $11.3 billion in revenue and provided 5.2 billion rides. Subscribe to the channel!! www.youtube.com/c/carterfarr https://youtu.be/h5LncgKN7Sw Watch FULL VIDEO --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/carterfarrpodcast/support
Uber’s IPO filing is officially upon us and there was much rejoicing… or, at least, plenty of takes; Disney outlined its streaming video plans and in doing so it both put Apple to shame and fired a warning shot at Netflix, and, of course, the weekend longreads suggestions. Sponsors: Tiny.website wix.com/podcast Links: Uber unveils IPO with warning it may never make a profit (Reuters) Alphabet Is Uber IPO’s Surprise Winner With Potential $5 Billion Stake (Forbes) Uber’s Venture Investors Set for a Windfall (WSJ) Disney+ app and worldwide rollout plans revealed (Engadget) Disney+ streaming service will be available starting Nov. 12 for $6.99 a month (CNBC) Weekend Longreads Suggestions: The basics of modern AI—how does it work and will it destroy society this year? (ArsTechnica) FOXCONN IS CONFUSING THE HELL OUT OF WISCONSIN (The Verge) The man behind Huawei (The Los Angeles Times) The Improbable Rise of Huawei (Foreign Policy) Inside the Biotech Startup That Wants to Extend Your Life (OneZero) VIDEO OF APPLE’S W.A.L.T. IN ACTION – THE 1993-EDITION IPHONE (Sonny Dickson)
Every week on eMarketer’s “Behind the Numbers” podcast, we take a few moments to discuss some of the most intriguing headlines of the past week. This week, we're talking about Uber's IPO, Facebook changing the News Feed, humans listening to your smart speaker conversations and the TV services you can't live without.
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. It's time for another Equity Shot, a quick-take episode centered around a breaking news event. This time, as you already guessed, Kate Clark and I sat down to dig into the Uber S-1. It's a huge, complex document, but we did our best to summarize what's inside. First, we talked through yearly results, looking back a half-decade into Uber's revenue growth. In the filing, Uber reported 2018 revenues of $11.27 billion, net income of $997 million and adjusted EBITDA losses of $1.85 million. We highlighted those numbers, talked about operating losses and the company's gyrating net results that included the positive impacts of various divestitures. Yes, this S-1 required a bit more unpacking than most. We apologize for the frantic scrolling, we were pouring through the document live and we were a bit excited. This is an IPO that's been talked about for years and will be easily one of the largest floats of all time. Anyway, an S-1 brings insights to more than just a company's financials, so we spent time highlighting key stakeholders, or, in other words, the people are going to get really really really rich off Uber's IPO. That includes Uber co-founder and chief executive officer Travis Kalanick, famous venture capital firms like the SoftBank Vision Fund and Benchmark, and more. The IPO, remember, is expected to sell $10 billion in stock (primary and secondary) and value the company at $100 billion or more. If 30 minutes digging through the S-1 wasn't enough for you, don't fret, we'll be following the Uber IPO for weeks -- probably months -- to come.
Max Abelson, money and power reporter for Bloomberg, discusses the big U.S. bank CEOs testifying in today's “Holding Megabanks Accountable" hearing before Congress. Ben Hunt, Co-founder and Chief Investment Officer of Second Foundation Partners and publisher of Epsilon Theory, on why investors should follow the money flows. Mandeep Singh, Senior Tech Industry Analyst for Bloomberg Intelligence, on Uber's IPO and outlook for food delivery ride-hailing apps. Ed Al-Hussainy, Senior Interest Rates and Currencies Analyst for Columbia Threadneedle Investments, on forex and monetary policy. Hosted by Lisa Abramowicz and Paul Sweeney.
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This week was a lot of fun. Connie Lozios took the captain's chair in San Francisco while I manned the sails, and we had Female Founders Fund's founder Anu Duggal in the studio to round out our crew. It was a week of conclusions. Our prior notes on YC and Uber and a few other things came home to roost. But, you're busy so let's sink our teeth into the good stuff: Uber's IPO lands in April: Right before we hit record, news broke that Uber's IPO will land in April. This isn't an unexpected result, but it is one that is long-expected. With Lyft's S-1 live, and in the wild, it's time for Uber to, ahem, shift and catch up? Regardless, the company's possible $1 billion raise to fund its research arm is another indicator that Uber is serious about going public. You know, that, and the fact that it's filed privately.Q1 IPO pace was slack: Aside from Lyft's public S-1, there's been an annoying dearth of public progress on the IPO front from tech's biggest players. Sure, some companies filed to go public privately, but that's more annoying than helpful. My point here was undercut by the Uber news, but if Lyft doesn't debut in March then it's going to be a complete first-quarter miss. Stash raises $65 million: Another of the neo-banks raised capital this month, with Stash stacking a fresh $65 million dollars. The firm was coy about the round's participants (odd), and silent on its new valuation (more normal, but still annoying). What matters is that Stash now has more dosh on hand to compete with Chime and Acorns, each of which recently raised big new rounds this year. Changes at YC: As expected, and presaged on this very show, Sam Altman is graduating himself to the chairman's seat at Y Combinator. That and the firm is finding office space in San Francisco. That's more evidence that the center of gravity has truly shifted here in Northen California. Sand Hill Road is more Route 66 than it is a hyperloop. And with that failed attempt at a joke, I give up. We're back in seven days! Equity drops every Friday at 6:00 am PT, so subscribe to us on Apple Podcasts, Overcast, Pocket Casts, Downcast, and all the casts.
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This week was a lot of fun. Connie Lozios took the captain's chair in San Francisco while I manned the sails, and we had Female Founders Fund's founder Anu Duggal in the studio to round out our crew. It was a week of conclusions. Our prior notes on YC and Uber and a few other things came home to roost. But, you're busy so let's sink our teeth into the good stuff: Uber's IPO lands in April: Right before we hit record, news broke that Uber's IPO will land in April. This isn't an unexpected result, but it is one that is long-expected. With Lyft's S-1 live, and in the wild, it's time for Uber to, ahem, shift and catch up? Regardless, the company's possible $1 billion raise to fund its research arm is another indicator that Uber is serious about going public. You know, that, and the fact that it's filed privately.Q1 IPO pace was slack: Aside from Lyft's public S-1, there's been an annoying dearth of public progress on the IPO front from tech's biggest players. Sure, some companies filed to go public privately, but that's more annoying than helpful. My point here was undercut by the Uber news, but if Lyft doesn't debut in March then it's going to be a complete first-quarter miss. Stash raises $65 million: Another of the neo-banks raised capital this month, with Stash stacking a fresh $65 million dollars. The firm was coy about the round's participants (odd), and silent on its new valuation (more normal, but still annoying). What matters is that Stash now has more dosh on hand to compete with Chime and Acorns, each of which recently raised big new rounds this year. Changes at YC: As expected, and presaged on this very show, Sam Altman is graduating himself to the chairman's seat at Y Combinator. That and the firm is finding office space in San Francisco. That's more evidence that the center of gravity has truly shifted here in Northen California. Sand Hill Road is more Route 66 than it is a hyperloop. And with that failed attempt at a joke, I give up. We're back in seven days! Equity drops every Friday at 6:00 am PT, so subscribe to us on Apple Podcasts, Overcast, Pocket Casts, Downcast, and all the casts.
With everyone logging valuable family time this week and wondering if it's worth returning that sweater, we decided to do something a little different and run a special holiday episode, one that features just Connie Loizos in conversation with Bradley Tusk, a venture capitalist, philanthropist, book author and, earlier in his career, a trusted aid to billionaire Michael Bloomberg, whose successful third run for mayor of New York -- the first and only mayor to serve three consecutive terms -- was managed by Tusk. In fact, one of Tusk's first roles after moving on from politics was an early advisor to Uber, which sought out his know-how about both regulatory environments and upturning the status quo. Perhaps because all of these interests, Tusk has become among the country's most visible proponents of mobile voting, supporting -- though not investing in -- a app called Voatz that was first used in a small pilot project in West Virginia last spring that gave overseas citizens and members of the military the option of using it to cast ballots on their phones. Not a whole lot of attention was paid to the project at the time, though when the app was used again in 24 West Virginia counties in the mid-term elections, critics who worry about voter fraud were quick to call it an "horrifically bad idea." That isn't stopping Tusk from getting behind more mobile voting efforts, which we chatted about recently for "Equity," along with a bunch of other things, including the brow-raising valuation that Uber's bankers have bandied about in conversations about its upcoming IPO, how important it is for Uber to beat Lyft to the public market (assuming they move forward with plans to go out despite the suddenly rocky markets), and what it means for fintech startups that Democrats are taking over control of the House in another week. We always enjoy talking with Tusk; we hope you'll enjoy our chat, too. In the meantime, a quick reminder that after this, we're off for two weeks, then back in full force in the middle of January. Until then, all of us wish you very happy holidays and a terrific New Year. More soon!
With everyone logging valuable family time this week and wondering if it's worth returning that sweater, we decided to do something a little different and run a special holiday episode, one that features just Connie Loizos in conversation with Bradley Tusk, a venture capitalist, philanthropist, book author and, earlier in his career, a trusted aid to billionaire Michael Bloomberg, whose successful third run for mayor of New York -- the first and only mayor to serve three consecutive terms -- was managed by Tusk. In fact, one of Tusk's first roles after moving on from politics was an early advisor to Uber, which sought out his know-how about both regulatory environments and upturning the status quo. Perhaps because all of these interests, Tusk has become among the country's most visible proponents of mobile voting, supporting -- though not investing in -- a app called Voatz that was first used in a small pilot project in West Virginia last spring that gave overseas citizens and members of the military the option of using it to cast ballots on their phones. Not a whole lot of attention was paid to the project at the time, though when the app was used again in 24 West Virginia counties in the mid-term elections, critics who worry about voter fraud were quick to call it an "horrifically bad idea." That isn't stopping Tusk from getting behind more mobile voting efforts, which we chatted about recently for "Equity," along with a bunch of other things, including the brow-raising valuation that Uber's bankers have bandied about in conversations about its upcoming IPO, how important it is for Uber to beat Lyft to the public market (assuming they move forward with plans to go out despite the suddenly rocky markets), and what it means for fintech startups that Democrats are taking over control of the House in another week. We always enjoy talking with Tusk; we hope you'll enjoy our chat, too. In the meantime, a quick reminder that after this, we're off for two weeks, then back in full force in the middle of January. Until then, all of us wish you very happy holidays and a terrific New Year. More soon!
Dan talks about his decision to join Axios two years ago and is joined by Evelyn Rusli, the co-founder of Yumi, to talk about the risks associated with starting a new company. Also, in the "Final Two" Dan dives into the congressional "grilling" of the Google CEO and Uber's IPO taking a giant step forward.
Discover 3 new podcasts in under 10 minutes. Get links to the episodes featured in today's show at podcastchart.com Featured today: - What Really Happened? The Anatomy Of A Box Office Flop - The Dream Wanna Swim In Cash - Pivot with Kara Swisher and Scott Galloway Tim Cook’s 'data industrial complex', Uber's IPO and Saudi Money - Copyright Notice. All third party audio and cover art is copyright and used with explicit permission of it's respective owner. Podcast Chart does not endorse editorial opinion held within third party audio and is an independent production not affiliated with any podcast it features unless explicitly stated.
Kara and Scott talk about Apple CEO Tim Cook's latest critiques of Facebook and Google; the fact that Uber's IPO could value the company at as much as $120 billion; and the ethical question of what to do if you're a startup that could raise money from Saudi Arabia, or a tech company that already has. Plus: Scott goes car-shopping for Kara, and the implications of Facebook losing another Oculus co-founder. Learn more about your ad choices. Visit megaphone.fm/adchoices
The I-Banks pursuing Uber's IPO suggested the company could price at a valuation of $120 Billion or approximately 11-12x 2018 trailing revenue (estimated at $10-11 Billion for 2018). The combined market caps for GM, Ford and Tesla are $121 Billion at the close of today's market. I don't believe that Uber's ride share service is a differentiated service compared to GM's autonomous unit Cruise Automation (which will likely grow its ride share service over time) or Waymo to name two. As the auto OEMs roll out autonomous technology expect them to test it in part by rolling out ride share services. in addition, they will sell early autonomous vehicles to fleet operators some of which will roll out ride share services or expand existing ride share services.
Breakingviews columnists offer their take on the year ahead: magic mushrooms could be an economic and investment hit, big business will take drones to the skies and Uber's IPO faces an uphill struggle. Plus: Harry Potter's 20th anniversary is a lesson in preparing for surprises. See acast.com/privacy for privacy and opt-out information.