Uber IPO vs Lyft IPO -- The Race to Go Public (video)

Uber IPO vs. Lyft IPO: The Race to Go Public

Uber (uber.com) and Lyft (lyft.com) are both revving up for two of the most anticipated IPOs of 2019. In three rounds, the Wall Street Journal looks at which company will be a better bet for investors. Wall Street Journal (WSJ.com) video above published Feb 21, 2019. See also Lyft IPO filing shows surging revenue, widening losses-reuters.com.

See also SEC filings: Lyft, Inc. and Uber Technologies Inc.

Uber Follows Lyft’s Lead By Filing Draft IPO Paperwork With SEC | crunchbase.com Dec 10, 2018

Privacy is a priority. We’ve invested in technology to make your phone number anonymous when you call or text through the app, so real digits are hidden when communicating with your driver.

📷: Uber Partner @tourdelust pic.twitter.com/CObuNtEUpt

— Uber (@Uber) February 18, 2019

Our new $1M transportation equity partnership with Oakland is a coming-together of government, business, and the nonprofit sector — with one goal: bringing more transportation options to communities that want, need, and deserve them. https://t.co/9j2Azc36W6

— Lyft (@lyft) February 11, 2019

From requesting to riding, customer support is available 24/7 through the Help menu in the app.

📷: Uber Partner @oh_anthonio pic.twitter.com/Dq72dyGnA6

— Uber (@Uber) February 17, 2019

Longest Lyft ride of 2018? One that went from Boise alllll the way to Jackson Hole — that’s 310 miles (and maybe more than a few games of 20 Questions). Where will 2019 take you? pic.twitter.com/DdLy2geLZS

— Lyft (@lyft) January 3, 2019

feedback & comments via twitter @DomainMondo
Follow @DomainMondo

DISCLAIMER

Tech Review | What 5G Will Mean for Us and Our Phones (video)

Tech Review (TR 2018-04-21)--Domain Mondo's weekly review of tech news with commentary, analysis and opinion: Features • 1) What 5G Will Mean for Us and Our Phones, 2) Germany vs. Facebook $FB, 3) Investing: The Week, Investing Notes: a. China; b. Tech IPOs, and more,  4)ICYMI Tech News.

1) What 5G Will Mean for Us and Our Phones

Bloomberg.com video published Apr 12, 2018: Tomorrow's wireless networks will be incredibly fast and capable of accommodating many more connected devices. Bloomberg QuickTake explains what 5G is and how it will change your life. Video by Henry Baker and Christian Capestany.

5G networks are expected to launch across the world from 2018 through 2020, alongside existing 3G and 4G technology, and will provide speedier connections for online services and applications. See What is 5G? Everything you need to know | TechRadar.com.

2) Germany vs. Facebook $FB: Facebook's damage limitation drive hits trouble in Germany | Reuters.com 20 Apr 2018: “First we will seek a statement from Facebook and then hearings will begin”--German data privacy regulator said in opening its non-compliance procedure against Facebook in relation to the data leak to Cambridge Analytica.

Facebook shares on Friday--NASDAQ: FB April 20, 2018:

3) Investing

The Week: NASDAQ Composite |  S&P 500 Index | DJIA -- despite Wall Street jitters,  the S&P 500 made a gain of 0.5 percent for the week to show its second weekly gain in a row.

• Flashing Yellow: Global Economy: Is it just a cold, or something more serious? | Reuters.com

Wall Street's Charging Bull???

Investing Notes:

a.  China Is Nationalizing Its Tech Sector | Bloomberg.com: "China's venture-capital sector is dominated not by traditional tech dealmakers but by the state: There are more than 1,000 government-owned VC firms in China, controlling more than $750 billion." 

"The Chinese internet is in the midst of one of the toughest content purification campaigns in years ... The latest target is Bytedance, a private firm worth more than $30 billion that is best known for its news, video and humor apps ... In response, Zhang’s ritual, abject groveling apology reads like something out of an earlier era"--Axios.com

Germany's (and the world's) 'China problem': German firms are most worried about the role of China's government and communist party in the Chinese economy. “The hope was that closer economic ties would lead to an opening. Today it is clear this was a false hope”--German government official. See also Jim Chanos: No American CEO can make money in China | cnn.com: "It seems that everybody loves the Chinese market," Chanos said. "But nobody ever makes any money there."

b. Tech IPOs: VC investors, bankers, and analysts expect a wave of IPOs from many highly valued and well-known  start-ups over the next 18 to 24 months--nytimes.com

c. US Freight Expenditures Surge 15.6% from Year Ago | WolfStreet.com

d. Construct Your Oil Portfolio: The Trend Following Version | SeekingAlpha.com

4) ICYMI Tech News:

• China Delays Deal Reviews as U.S. Trade Frictions Build | WSJ.com: Amidst tariffs brawl with US, China is delaying reviews of Qualcomm's NXP deal and Bain's acquisition of Toshiba's chip unit, raising fears both deals may fail.
• France builds WhatsApp rival due to surveillance risk | Reuters.com
• U.S. Department of Commerce blocks sales from US firms to ZTE for seven years, after alleged false statements to officials following guilty plea on sanctions violation--Reuters.com

• UK: Cyber security watchdog warns UK telcos against using equipment from Chinese supplier ZTE | ft.com

• Huawei, Failing to Crack U.S. Market, Signals a Change in Tactics | nytimes.com: “Some things cannot change their course according to our wishes,” Eric Xu, Huawei’s deputy chairman, said at the company’s annual meeting with analysts on Tuesday. “With some things, when you let them go, you actually feel more at ease.”
• Amazon launches a ‘lite’ Android web browser app in India | TechCrunch.com

-- John Poole, Editor, Domain Mondo  

feedback & comments via twitter @DomainMondo
Follow @DomainMondo

DISCLAIMER

Marc Andreessen on Twitter $TWTR, Startups, Technology, IPOs (videos)

Andreessen: Twitter Can Survive Just Fine:

Marc Andreessen, co-founder and general partner of Silicon Valley venture capital firm Andreessen Horowitz (domain: a16z.com), talks at the Bloomberg Technology Conference on the possibility of Twitter being purchased by another company and the outlook for the social media giant. (Bloomberg LP, the parent company of Bloomberg Television, is an investor in Andreessen Horowitz.) (Published June 14, 2016)

Twitter stock chart below:

Twitter $TWTR up almost 10% since Friday, June 10 (source: google.com)

Tweets about $TWTR

VC investor Marc Andreessen:

Bloomberg TV's Emily Chang's wide-ranging conversation with entrepreneur and investor Mark Andreessen at the Bloomberg Technology Conference, June 14, 2016, followed by other Bloomberg TV coverage.


feedback & comments via twitter @DomainMondo
Follow @DomainMondo

DISCLAIMER

Goldman Sachs President: 'Massive Revaluation' in Tech Valuations (video)

Goldman Sachs President: We're Seeing a 'Massive Revaluation' in Tech - Gary Cohn, Goldman Sachs President and Chief Operating Officer, discusses the state of the IPO market with Bloomberg's Emily Chang on "Bloomberg Markets" (Feb 9, 2016).

Those affected include entrepreneurs, startups, VCs, venture capital investors, IPOs, stock markets, and all investors. But also watch the video below:

(If video does not play on your device, go here) 
Apple, Unicorns and the Future of the Tech Industry: Joe Lonsdale, co-founder at Palantir Technologies (domain: palantir.com), and founding partner at 8VC, examines the fight between the FBI and Apple over encryption and what’s coming next in technology and tech valuations. He speaks on "Bloomberg ‹GO›." (Source: Bloomberg, March 23, 2016)

Palantir Technologies, Inc. is a private American software and services company, specializing in data analysis. Founded in 2004, Palantir's original clients were federal agencies of the United States Intelligence Community. (source: Wikipedia)

Tweets about tech valuations

Tweets about "IPO market"

Follow @DomainMondo

DISCLAIMER

Unicorn Valuations 'Crazy' & Why Tory Burch will NOT do an IPO (video)

Tory Burch, co-chief executive officer at Tory Burch (toryburch.com), and David Kirkpatrick, chief executive officer at Techonomy Media (techonomy.com), discuss the Square IPO, unicorn valuations, innovation, startups, tech IPOs, and why Tory Burch will remain a private company. They speak on "Bloomberg ‹GO›" on November 19, 2015.


Tory Burch: We Will Award 10 Entrepreneurs $10,000 - In the video above, Tory Burch, co-CEO Tory Burch, discusses the company's new fellowship program. She speaks on "Bloomberg ‹GO›."


Follow @DomainMondo

DISCLAIMER

The Unicorn Trap: Sky High Valuations Kill IPOs For Tech Startups

Unicorn Trap: Tech Startups w/ Skyhigh Valuations feeling IPO Chill https://t.co/mBoGb0NZzK via @WSJ #startups #investors

— Domain Mondo (@DomainMondo) October 20, 2015

• startups have never been cheaper to build and are maturing faster than fledgling companies did in the last tech boom, partly because the smartphone era creates an easily reachable market of two billion people
• yet only 14% of IPOs in the U.S. were done by tech companies, the smallest percentage since at least the mid-1990s, according to Dealogic
• the market for initial public offerings has turned chilly and inhospitable, largely because technology companies have sought valuations above what public investors are willing to pay
• venture capital investors could have trouble cashing in if the IPO market isn’t able to support even higher valuations
• lower valuations as a private or public company also can sap the morale of startup employees who endure pressure and all-nighters in return for the possibility of a big payday 
• an analysis of funding rounds by law firm Fenwick & West LLP in March found that 30% of private companies valued at $1 billion or more promised a specified IPO price ... [some] companies agreed to give additional equity to investors if the IPO price wasn’t met

The problem? “The thing that worries me the most about all these [billion-dollar valuations] is that you need a public market to get liquid,” says Chris Douvos, managing director of Venture Investment Associates, a Peapack, N.J., firm that invests in funds and startups. “But who’s going to buy at these valuations? It’s all priced for perfection.”

The risk? The data suggest that even some of the most promising startups in Silicon Valley might be worth far less in the eyes of the rest of the investment world. The risk is that the lackluster reception for tech startups in the stock market could ricochet through companies that are still private.

source: Wall Street Journal

Further reading: Price and Value: Discerning the Difference (pdf) (Aswath Damodaran, NYU Stern)


Follow @DomainMondo

DISCLAIMER