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Best part of this Garrett Camp profile by @EricNewcomer — the idea for Uber was actually hatched at the Phoenix, the go-to Mission bar when you just need a normal bar. https://t.co/xhz4mcWGg2
— Matt Rosoff (@MattRosoff) May 10, 2019
Uber trading now at $42.57. Lotta red on the board. Hard day to go public pic.twitter.com/YuswlBPfKq
— Emily Chang (@emilychangtv) May 10, 2019
Here we go! ?? pic.twitter.com/ndg9UQorMI
— Steve Jang (@stevejang) May 10, 2019
Thank you @Uber team & driver partners for all of the amazing rides - the near-misses, close saves, safer late nights, easy morning commutes, new city welcomes & many welcomes home. I still ❤️ you as much as I did on Ride 1. Congratulations!
— megan quinn (@msquinn) May 10, 2019
Old enough to remember when everyone thought Uber would be worth $100 billion today.
— Steve Kovach (@stevekovach) May 10, 2019
What investors first paid for @Uber (IPO at $45, opened at $42)
— Rolfe Winkler (@RolfeWinkler) May 10, 2019
$0.009, @firstround/@robhayes, @lowercase/@sacca
$.09, @benchmark/@bgurley
$0.35, @menloventures/@shervin, @GoldmanSachs/Gary Cohn
$4.45, @GVteam/@kraneland
$15.51, @fidelity/@blackrock/Wellington#UberIPO
The biggest money-losing companies to IPO haven’t fared well in public markets
— Deirdre Bosa (@dee_bosa) May 9, 2019
Uber will be #1 - biggest money-loser ever at the time of its IPO -when it debuts tomorrow. $LYFT is #2
Via @IPOtweet IPO pro pic.twitter.com/vekqlR4BQP
Uber market cap: $69 billion https://t.co/lOpzfrZ5u7
— Steve Kovach (@stevekovach) May 10, 2019
Total Uber move pricing to not leave money on the table.
— Pretty Fly For A Reply Guy (@pt) May 10, 2019
People will call it a misstep to not gift Wall St a pop, but Uber DGAF because they want that money.https://t.co/wLA75jBKXw
Uber prices long-awaited IPO at $45 per share, valuing world's largest ride-hailing company at $82 billion.
— Seth Kaplan (@Seth_Kaplan) May 9, 2019
Lyft IPO'd at $72 and is now sitting at $55.
Me thinks $45 is the right call.
P.S. Uber lost $865 million in 2018 Q4.
Uber is the 10th U.S. IPO since the 2008 financial crisis to raise at least $3 billion. But if shares can't get above $45 today, it will become the first to fall in its debut session https://t.co/gHIViQch1F
— Bloomberg (@business) May 10, 2019
Some wonderful details in @EricNewcomer’s Uber feature and quotes from Garrett Camp on his $3.7 billion idea, including describing Travis Kalanick as “amazing at the first five years” https://t.co/cMpQROUxdQ
— Mark Milian (@markmilian) May 10, 2019
Old enough to remember stories saying @Uber was going to be worth $120bn when it IPO'd. Looks like those numbers were only off by around $40bn or so...
— Arash Massoudi (@ArashMassoudi) May 9, 2019
Happy Uber 1st day trading.
— Shira Ovide (@ShiraOvide) May 10, 2019
Every new stockholder (except SoftBank) who bought Uber shares since Dec. 2015 is now under water, including IPO buyers.
Trump got mad at Uber just days into his administration: "If you want to cut off your access to the White House, f@#k you." https://t.co/TKhIJq1iD7
— Dan Primack (@danprimack) May 10, 2019
Well, today the WH got its revenge.
? ? ? pic.twitter.com/cZfNLaBEAW
— =Ryan Graves= (@ryangraves) May 10, 2019
Amazon put out a blog post responding to our Echo Dot Kids Edition FTC complaint, though it doesn't do much by way of rebutting our arguments https://t.co/fCGA4Hxufg; https://t.co/DxgvROvDUJ
— Lindsey Barrett (@LAM_Barrett) May 10, 2019
UPDATE: $UBER shares pare losses, last down 1.4% after rocky debut https://t.co/Qs2HAnLzc8 pic.twitter.com/gDlAy5K2rm
— Reuters Top News (@Reuters) May 10, 2019
Several years ago I told Travis Kalanick, during a brief phone interview, that his idea was utterly mental. People, especially Londoners, would reject the concept of getting into the cars of internet strangers. I didn't even bother to file a piece. Enjoy the $5.3bn, Travis.
— Dave Lee (@DaveLeeBBC) May 10, 2019
Uber starts trading at $42, down 6.7% from IPO price https://t.co/EAzXfzSlnk via @VentureBeat
— Chris O'Brien (@obrien) May 10, 2019
“A man is rich in proportion to the number of things he can afford to let alone.” — Henry David Thoreau
— Tim Ferriss (@tferriss) May 10, 2019
Boom. If you missed it my chat with @Uber CEO @dkhos will be online shortly pic.twitter.com/KqaPrFsFcM
— Emily Chang (@emilychangtv) May 10, 2019
This Uber opening reminds me of that dark day during the Facebook IPO when I put in an oversized bid for Facebook IPO stock, and got hit with it all. While worked out, one thing you generaly never want on Wall Street is anything that Wall Street wants to give you.
— Paul Kedrosky (@pkedrosky) May 10, 2019
It’s been quite a ride... https://t.co/fIjGjSer4Z pic.twitter.com/cRdnwHQWGi
— Josh Kopelman (@joshk) May 10, 2019
Great profile of Uber's less known co-founder Garrett Camp, who came up with idea, and how he compares with Travis Kalanick --> "Some of his former colleagues at Uber say his most severe lapse was allowing Kalanick’s power to go unchecked." https://t.co/QC8oWZ0Fnu
— Madhav Chanchani (@madhavchanchani) May 10, 2019
This photo gives me all kinds of weird flashbacks https://t.co/NX2oGzCxSS
— Susan Fowler (@susanthesquark) May 10, 2019
Uber waited a decade to go public in the worst week for stocks this year #UberIPO https://t.co/V1xdeQG67q
— Scott Austin (@ScottMAustin) May 10, 2019
Oh my, maybe even a shitshow on day 1: https://t.co/wWWn0KrJuz
— Laurie Voss (@seldo) May 9, 2019
well, it's good for Uber and Lyft that they raised >$10 B from IPO investors at prices above what the market now values them
— Eliot Brown (@eliotwb) May 10, 2019
twitter is basically like an awful uber pool that never actually gets to its destination so you deserve my bad IPO puns
— Tony Romm (@TonyRomm) May 10, 2019
more like initial pun offering lol
Horrible timing for the Uber IPO both in terms of the big picture & actual day. Uber was a few years too late so the story was questioned to a degree that it wouldn’t have been in 2015 / 2016. On top of that you have one of the more volatile weeks for stocks in 2019.
— Neil Cybart (@neilcybart) May 10, 2019
$UBER lost $5 billion in market value between the time it priced its IPO last night, and the beginning of trading this morning.
— Alexei Oreskovic (@lexnfx) May 10, 2019
Uber was viewed as a definite $100B IPO a few years ago. Heck, the company thought it was a $120B IPO a few months ago. IPO ended up being around $80B. That’s what you call limping / crawling over the “finish” line.
— Neil Cybart (@neilcybart) May 10, 2019
It feels like graduation day. Except the person who is graduating is someone I have been stalking for a few years...
— Amir Efrati (@amir) May 10, 2019
We're now at the part of the Uber-broke-price-before-IPO-actually-traded where all the wise guys finsplain how it's all Morgan Stanley's fault. Uh-huh.
— Paul Kedrosky (@pkedrosky) May 10, 2019
And this is why "IPO is oversubscribed" is a meaningless news story.
— Dan Primack (@danprimack) May 10, 2019
Travis Kalanick arrived around 830, with his father, walked NYSE floor together.
— rat king (@MikeIsaac) May 10, 2019
There was a moment when Garrett camp, Ryan Graves and TK all met. Travis’ entrance was met with enormous applause.
whole event is crowded but also fairly muted thus far. (much desired from execs)
Uber inching back up, nearing $45, in tandem with Dow recovering from deep plunge earlier today.
— Alexei Oreskovic (@lexnfx) May 10, 2019
Waiting for the first trade. ?stomach. pic.twitter.com/LMLWxbrrrT
— dara khosrowshahi (@dkhos) May 10, 2019
NEW: Shares of Uber opened trading Friday at $42 per share, below its $45 IPO pricehttps://t.co/o2T4dPOMSP
— Axios (@axios) May 10, 2019
Uber shares begin trading below IPO price https://t.co/eZ9LKxUtrZ
— Dan Primack (@danprimack) May 10, 2019
Every time you hear Uber boast about how its just scratching the surface in the $6 trillion transportation market...
— Shira Ovide (@ShiraOvide) May 10, 2019
Ask yourself, then why is revenue from its vehicle rides business barely growing? https://t.co/8tCdsmRQGb pic.twitter.com/6Iksp845ap
Shira is so smart. https://t.co/7fPDibvt0r
— Mark Bergen (@mhbergen) May 10, 2019
"Apart from SoftBank, every new shareholder who bought Uber's IPO stock or purchased shares privately in the last three years is underwater on their investment" - @shiraovide https://t.co/HCEioLp0I8 pic.twitter.com/5jw0vX7LPf
— Tara Lachapelle (@taralach) May 10, 2019
Early investors are making a killing on the Uber IPO, but for some of the later ones (hi Softbank, Saudi Arabia PIF) the outcome is less clear https://t.co/5FKFgcJaz6
— Alison Griswold (@alisongriswold) May 10, 2019
"Uber has sold $17 billion in stock since December 2015, according to its IPO documents, including the shares sold in Thursday’s offering. Each new stock buyer in that time – apart from SoftBank Group Corp. – is now staring at a loss on their investment" https://t.co/flrB1Jb8Xp pic.twitter.com/sERjSoF0Rs
— Trevor Noren (@trevornoren) May 10, 2019
Internet, imma let you finish, but @bopinion has the best Uber IPO columns of all time: https://t.co/bPL4qfxHBFhttps://t.co/w32t7fZ1IHhttps://t.co/hUGEeAB7Luhttps://t.co/UTeZ9QtydWhttps://t.co/KV19eI49kRhttps://t.co/2QMQDAA8Jj
— Sarah Halzack (@sarahhalzack) May 10, 2019
$UBER shares end first trading day down more than 7 percent at at $41.57 https://t.co/IcjlgEhDE3 pic.twitter.com/P5rjSb5Tig
— Reuters Business (@ReutersBiz) May 10, 2019
Not surprised at all ..... Uber’s shares made a disappointing market debut on Friday, marking a rocky start for the most anticipated IPO of the year. @JY4CO_ https://t.co/Nrgu4iW6U0
— Vatche Dakessian (@VGDakessian) May 10, 2019
The biggest winners—and losers—
— Spiros Margaris (@SpirosMargaris) May 11, 2019
from #Uber’s lackluster #IPO https://t.co/lkfSt9TGI0 #fintech #VC @alisongriswold @qz @BarkowConsult @TheRudinGroup @Xbond49 @ttavlas @UrsBolt @helene_wpli @Visible_Banking @jaypalter @KMcDSAP @leimer @RAlexJimenez @UrsBolt @oxana_zeitler pic.twitter.com/qnT7ioXCPX