Friday December 6, 2019

Why Uber’s stock market debut was a predictable flop

It takes more than massive growth and no profit to impress Wall Street realists, as the taxi-hailing app has learned in painful fashion

Ian Guider

Markets Editor

26th May, 2019
Uber ‘is the classic case of Silicon Valley optimism meeting Wall Street realism’ Picture: Getty

If you’d read through the prospectus published by the taxi hailing app Uber in advance of its stock market listing earlier this month, you’d have found 25 references to profitability. All of which refer to the company’s struggle to generate profits at all, now or even in the future. It’s probably no surprise, then, that Uber’s much-hyped stock market debut has absolutely flopped.

Its shares were...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Ageism is not okay, whether it’s directed at a younger generation or an older one, as an ‘Ok boomer’-spouting Generation Z should know

Nadine O’Regan | 2 weeks ago

As was inevitable, Johan Thijs, the chief executive of KBC Group, issued an apology on Friday night for the comments he had made a day earlier urging the Irish Central Bank to move on from the tracker mortgage scandal

Post Editors | 2 weeks ago