Tech Review | What the Uber IPO Says About Investors State of Mind

Tech Review (TR 2019-05-18)--Domain Mondo's weekly review of tech investing news: Feature • 1) What the Uber IPO Says About Investors State of Mind, 2) Investing: The Week & Investor Notes: Macroview | EU Elections, 3) ICYMI Tech News:  Apple & Antitrust, Amazon, Facebook, Google, Microsoft, Oracle, China, and more.

1) What the Uber IPO Says About Investors State of Mind 

Financial Times (ft.com) U.S. managing editor Peter Spiegel and markets reporter Nicole Bullock discuss why Uber's stock traded below the $45 IPO price at the New York Stock Exchange on Friday, May 10, 2019. Video above published May 11, 2019.

Stock Exchange & Symbol: NYSE: UBER:

$UBER

See also:

• Morgan Stanley Clients Saddled With Massive Losses After Disastrous Uber IPO.

• Uber’s Future Looks Troubling: "Uber’s current $70 billion valuation seems difficult to justify. To reach profitability, both Uber and Lyft probably will be forced either to raise prices or to increase the cut they take from their drivers ... its core riding hailing business is faltering. Having faced a number of setbacks, Uber also is lagging in the longer term race to develop autonomous technology ..."

• Uber’s "adjusted net revenue has started to decline.This points to a fundamental challenge with Uber’s business model that it has not yet figured out: How to keep prices low enough to attract riders while paying drivers enough to keep them from defecting — and still make a profit. Competition from Lyft, which is willing to suffer similar losses, makes this particularly hard."--cnbc.com.

2) Investing

The Week: NASDAQ Composite -1.3% | S&P 500 Index -0.8% | DJIA -0.7%

U.S. stocks bounced back from deep losses Friday but still closed lower as trade-related jitters overshadowed strong economic data--MarketWatch.com.

U.S. consumer sentiment rose to a 15-year high of 102.4 in May, well above the 97.1 expected by economists polled by MarketWatch.com and April’s reading of 97.2, according to the University of Michigan’s consumer sentiment index.

The Conference Board’s estimate of leading economic indicators for the U.S. (pdf) rose for the third straight month in April to 112.1, up 0.2% from March. The survey of economic conditions is a collection of forward-looking data that attempts to predict future economic growth.

"We think that China represents 15% of global GDP, yet less than 1% of all cross-border currency settlement is in their currency. It's important for us to realize that the joke is on us--if they were to open their capital account and let Chinese invest abroad--their [China's] currency would depreciate 40% in a day. I think we're making the right moves here in taking a little bit of market pain to maintain our national security in the long run. Just so you can hear from me, I don't have a vested interest in China's currency any more. It's such an important moment in time for US national security that most of my interest has been moving toward the political sphere. If you can get over the fact that there's no rule of law there, and they don't respect human rights ... then maybe you should invest money in China."--Kyle Bass

Shocked Traders Respond To Trade War--"The biggest problem is the huge disconnect with what markets have been hoping for and what is transpiring now. Markets had priced the best-case scenario and odds are shifting towards the worst-case scenario."--zerohedge.com May 13, 2019

Long View

Investor Notes: Macroview | EU Elections (May 23-26):

Brexit Party Surges: after parting ways with the increasingly irrelevant UK Independence Party (UKIP), Nigel Farage co-founded the Brexit Party [domain: thebrexitparty.org], which is now polling above the Labour and Conservative parties put together ahead of the European Parliamentary elections May 23rd:

source: statista.com

France: "The 'yellow vest' demonstrations against Macron are basically the demonstrators who, more or less, voted for Trump here [U.S.]. It’s people coming from small cities, from rural areas, lower-middle-class, saying, 'We have been left behind.' And, on the right, our conservative party is moving in the same direction as the Republicans are here."--Gérard Araud, French Ambassador to the U.S., from 2014 until retiring 19 Apr 2019.

European Elections 2019:

source: europarl.europa.eu

Editor's note: the Brexit Party also has Annunziata Rees-Mogg (twitter: @zatzi). Watch her in this YouTube video. She is the sister of well-known Conservative Party Brexiteer Jacob Rees-Mogg. For the Conservative Party, the problem is Theresa May: "For the Conservatives to go into a General Election without having delivered Brexit and with Theresa May as leader would be electoral suicide."

3) ICYMI Tech News:

Apple $AAPL move downward accelerates after losing SCOTUS antitrust case:

$AAPL

Apple and tech-industry allies said before the ruling that a decision allowing the lawsuit could lead to expensive antitrust claims against other companies that run online marketplaces, potentially affecting Alphabet Inc.’s Google, Amazon.com Inc. and Facebook Inc. See also: Apple Releases iOS 12.3 With New TV App and Channels Feature--macrumors.com.

Will Amazon Put UPS Out Of Business?--zerohedge.com. See also Amazon Butts in on Google-Facebook “Duopoly” in the Huge Business of Internet Advertising. Publishers Hung Out to Dy--wolfstreet.com.

Microsoft or Google? $MSFT "has a bigger share in my portfolio ... because of its dividends, growth in cloud, improving margins, visionary leadership, and the improving FCFs"--seekingalpha.com.

Oracle is shutting down its R&D arm in China, laying off 900+ employees--zdnet.com.

Online markets have grown 10X in the last two decades, more $1B-$10B+ software startups will exist, and startups can grow faster than ever--blog.eladgil.com.

Quicktakes:

• Italy's watchdog investigates Google for alleged antitrust abuse;
• Amazon backing for UK food app Deliveroo;
• Samsung Electronics undecided on further investment in its China NAND plant.
• German finance minister expects OECD deal on digital tax in 2020;
• Consumer bodies seek to force Alibaba portal to honor EU shoppers' rights;
• Baidu swings to net loss for first time since listing, shares fall;
• Nvidia revenue forecast beats as demand for gaming chip rises

Personal Tech: Death by PowerPoint: the slide that killed seven people.

-- John Poole, Editor, Domain Mondo  

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Tech Unicorn IPOs, Uber $UBER, Month of May Preview Video

Tech Unicorn IPOs, Monthly Preview

In this preview video, The Banker's capital markets editor Kat Van Hoof talks to Joy Macknight about the appeal of big tech listings for investors, despite some major red flags. TheBanker.com video above published Apr 30, 2019.

Editor's note: Uber  (NYSE: UBER) (uber.com) is expected to start trading this week, Thursday or Friday, May 10, 2019. With pricing in the range of $44 to $50 a share, the company is setting a valuation range of $80B to $91B vs. initial expectations for $100B or more. Uber's operating loss of $3B last year on $11.3B in revenue and negative free cash flow of $2.1B, have not deterred investors who usually cite Uber's scale and market-leading ridehailing position, its fast growing UberEats (ubereats.com), and a promising freight brokerage (uberfreight.com) business.

See also on Domain Mondo:  

• Tech Review | How Uber Is Preparing For Its $UBER IPO (video)

• Uber $UBER IPO - Six Numbers You Need to Know (video)

And elsewhere:

• SEC Edgar search results for Uber Technologies, Inc.

• What Uber Left Behind in Asia--Emerging markets outshine the U.S. in ride-hailing, as the burgeoning success of Go-Jek and Grab shows--bloomberg.com.

• Lyft First Quarter (Q1) 2019 Earnings LIVE Webcast, Tuesday, May 7, 2019, 5pm EDT

YouTube Transcript (edited for correctness by DomainMondo.com)
00:00 [Music]
00:06 hello and welcome to the preview of the
00:09 May issue of the banker I enjoy McKnight
00:11 managing editor and I'm joined by Kat
00:14 van hoof Investment Banking and capital
00:16 markets editor this month's cover story
00:18 takes a closer look at the big tech
00:20 unicorn listings taking the market by
00:22 storm cat thanks so much for joining us
00:24 today so tell me a little bit about
00:27 what's happening we have recently lyft,
00:30 pinterest, slack have gone to the
00:33 market with their initial public
00:34 offerings and uber is also coming to
00:36 market why are they all coming to market
00:39 now well as usual it's a bit of a
00:40 confluence of different things so these
00:43 companies have been in the market have
00:45 actually been around for quite a long
00:46 time now we we use these apps every day
00:48 and they've done really large private
00:51 funding rounds so they've gotten to a
00:52 stage in the life cycle where an exit is
00:55 sort of the next logical and sometimes
00:57 only step because they're too big for
00:59 another round but there's also a little
01:00 bit of a function of the market where
01:02 things are still a bit benign monetary
01:05 policy is still very supportive but
01:07 maybe a year or two down the line things
01:09 starting to look a bit more shaky and so
01:12 if you want to do a bit more of a risky
01:14 IPO for a high-growth public offering
01:18 like this now is probably a good time to
01:21 be to be looking at this rather than a
01:23 little bit further down the line okay
01:25 but lyft was the first one to go and it
01:27 hasn't done that well in the after
01:29 markets you know what does what does
01:31 that signal for the ones coming through
01:33 so normally when you have a couple of
01:36 IPOs in the same sector and one of them
01:38 goes first and doesn't do very well it
01:40 usually puts a bit of a damper on the
01:42 rest of the listings down the line well
01:44 we in this case it wasn't quite so
01:46 straightforward lyft and do very well it
01:49 popped on the first day it listed a
01:52 little bit above its initial price range
01:53 and then popped on the first couple of
01:55 days but sort of since then hasn't been
01:57 doing very well but then Pinterest
01:58 listed a couple of weeks later and has
02:02 been doing a little bit better so
02:03 normally I would say well it's not a
02:06 good signal especially for uber which is
02:08 in the same sector it's also a right
02:10 ailing company but it's hard to tell
02:12 because sometimes they can
02:13 the case that investors just don't
02:15 really like lift but might like uber but
02:17 it or it can be a bigger signal of them
02:19 not really feeling all that confident
02:21 about this type of IPO and there are a
02:24 few questions about sort of the
02:26 sustainability of their business models
02:28 which are definitely making things a bit
02:29 harder for these IPOs well that is a big
02:31 problem isn't it because none of these
02:33 companies are really profitable and the
02:35 big sense you know what what challenges
02:38 that does that pose in investors in
02:41 these companies so the profitability is
02:43 a big thing and usually if a company has
02:47 a lot of structural growth investors are
02:49 happy to overlook a lack of
02:51 profitability but there are a lot of
02:53 questions being asked you know these
02:54 companies aren't like Google that listed
02:56 very early on in their lifecycle they
02:59 are listening as more mature companies
03:00 and still haven't quite gotten over that
03:03 profitability hurdle there's a lot of
03:05 questions being asked about the revenues
03:07 growing exponentially but also the loss
03:10 is deepening because the costs are still
03:11 very high there's a lot of money being
03:14 thrown at sales and marketing so long as
03:16 there's growth I think investors will be
03:18 happy with it but once you list that
03:20 pressure to turn that profit is going to
03:23 be definitely doubling down for these
03:26 companies so alongside a few other red
03:30 flags this is definitely one of the
03:31 major concerns
03:32 well another red flag is really around
03:34 governments you know how much is that
03:36 making an impact on how successful these
03:38 IPOs will be yeah governance is a
03:40 massive theme in investment and it's
03:43 only going to get bigger it's only you
03:44 know it's a one-way street it's not
03:46 coming back by its nature there's a lot
03:48 of key man risk you take you man because
03:50 they know there's a lot of a CEOs tend
03:52 to be men but there's a lot of key man
03:54 riskier by its nature where it's run by
03:58 a very charismatic of an entrepreneur a
04:00 set of entrepreneurs and while that is
04:03 great to get VC in a venture capital
04:05 funding private funding it might not be
04:07 sometimes have this great personality
04:09 cult it might not be the right thing for
04:11 a big listed company to have a sort of
04:13 combative or sometimes abrasive manner
04:17 and then on the other hand a lot of
04:18 these companies lyft for instance our
04:20 listing with dual class shares which
04:22 means that they they are selling shares
04:25 but not the equal amount of voting
04:27 right so the entrepreneurs retain a lot
04:29 of the control this can be helpful
04:31 because sometimes investors Cheryl
04:33 doesn't always understand the companies
04:35 as well but also it poses a great risk
04:37 in case something goes wrong
04:39 stockholders have a lot fewer tools at their
04:41 disposal to call the entrepreneurs to
04:43 account essentially excellent well thank
04:45 you so much for your insights to get a
04:47 copy of the May issue of The Banker
04:48 please go to thebanker.com.

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Tech Review | How Uber Is Preparing For Its $UBER IPO (video)

Tech Review (TR 2019-04-27)--Domain Mondo's weekly review of tech investing news: Features • 1) How Uber Is Preparing For Its $UBER IPO, 2) Undersea Cables Carry 99% Of Transoceanic Data, 3) Investing: The Week & Investor Notes,  4)ICYMI Tech News: Apple, Qualcomm, Amazon, Huawei, AT&T, Why Go Long $IBM, London Unicorn Fintech Startups, and more.

1) How Uber Is Preparing For Its $UBER IPO

Uber CEO Dara Khosrowshahi says Uber is on track to go public later this year, a move that could make it the biggest IPO of 2019.  WSJ.com’s Jason Bellini breaks down five ways Uber is preparing itself for its market debut. WSJ.com video above published 2 Apr 2019.

Uber Form S-1--"We have applied to list our common stock on the New York Stock Exchange under the symbol “UBER”--

UPDATE: see also S-1A: AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT filed 26 Apr 2019.

2) Undersea Cables Carry 99% Of Transoceanic Data

Despite their high cost and other challenges, modern undersea cables transmit data much faster and cheaper than satellites.The Cable That First United The World:

The dawn of instant global communication can be traced back to entrepreneur Cyrus West Field and his long-shot experiment to link the United States and Europe by telegraph in the 1850s. Bloomberg.com video above published Apr 16, 2019.

3) Investing

The Week: NASDAQ Composite +1.9% | S&P 500 Index +1.2% | DJIA <0.1%

S&P, NASDAQ set all-time closing highs after first-quarter GDP jump--MarketWatch.com

Investor Notes: 

Map of shipping routes shows the relative density of commercial shipping in the world's oceans (modified from original source: B.S. Halpern (T. Hengl; D. Groll) / Wikimedia Commons, CC BY-SA 3.0, Link),

US economy grows by +3.2% in the first quarter, topping expectations--cnbc.com.

US: Love Affair With Cars Nearly Finished--moneymaven.io.

Germany, Europe’s largest economy, cut its forecast for 2019 growth in half, to just 0.5%, the slowest annual growth rate since 2013, when the euro zone was still trying to pull itself out of a sovereign debt crisis. Last year, German GDP rose by 1.4%.--qz.com

Threat of Contagion to Eurozone from Spanish Banks’ Huge Bet on Emerging Markets to flee the consequences of euro debt crisis.--wolfstreet.com.

Italy's economy is one of the biggest downside risks to the global financial system and could spell disaster for Europe--businessinsider.com.

Gundlach: Modern Monetary Theory ‘Complete Nonsense’--etftrends.com

Avoiding Stupidity is Easier than Seeking Brilliance--fs.blog.

The media exaggerates negative news. This distortion has consequences--theguardian.com:  "Far from being better informed, heavy newswatchers can become miscalibrated. They worry more about crime, even when rates are falling, and sometimes they part company with reality altogether."

Earnings season: Twitter, Facebook, Verisign, Amazon, and Microsoft (below):

Microsoft Earnings Release FY19 Q3 -- Microsoft Cloud Strength Drives Third Quarter Results -- Microsoft Corp. announced 24 Apr 2019, the following results for the quarter ended March 31, 2019, as compared to the corresponding period of last fiscal year: Revenue was $30.6 billion and increased 14%; Operating income was $10.3 billion and increased 25%; Net income was $8.8 billion and increased 19%; Diluted earnings per share was $1.14 and increased 20% ... “Demand for our cloud offerings drove commercial cloud revenue to $9.6 billion this quarter, up 41% year-over-year,” said Amy Hood, executive vice president and chief financial officer of Microsoft. 

4) ICYMI Tech News:

Qualcomm: Why The Success Story Just Begins--seekingalpha.com.

Apple said Qualcomm’s tech was 'no good' in legal pleadings, but in private communications Apple said Qualcomm's tech was ‘the best.’--washingtonpost.com: “It potentially reveals that Apple was engaging in a bad faith argument both in front of antitrust enforcers as well as the legal courts about the actual value and nature of Qualcomm’s patented innovation”--Adam Mossoff, a law professor at George Mason University and director of the Center for the Protection of Intellectual Property.

Apple spends more than $30 million on Amazon’s cloud every month, making it one of the biggest AWS customers--cnbc.com.

Huawei funded by Chinese state security according to a report published last week in The Times | thetimes.co.uk: the CIA accused Huawei of receiving funding from China’s National Security Commission, the People’s Liberation Army and a third branch of the Chinese state intelligence network.

AT&T: SeekingAlpha.com: "... tackling debt by selling off assets ... The yield is still over 6.3% ... the stock has had no growth in a decade, [but] that could change with WarnerMedia" [Editor's note: or perhaps not. AT&T Inc’s Q1 2019 revenue fell short of Wall Street estimates, losing subscribers in nearly all its businesses except wireless where it used aggressive price promotions. AT&T lost a net 544,000 premium TV subscribers, a category that includes DirecTV satellite and U-verse television customers. Analysts had expected a loss of 385,000 customers across DirecTV and U-verse, according to FactSet.com.]

Why go long IBM? Red Hat deal closes in H2 2019, plus strategic imperatives like cloud, security, AI, and blockchain.

London unicorn fintech startups vs. San Francisco--cityam.com.

U.S. activist investor Elliott Management invests 1.2 billion euro ($1.3 billion) in German business software company SAP.

Japan’s Softbank Group Corp to invest $1 billion in Wirecard via a convertible bond deal that may provide it a 5.6 percent stake in the German digital payments company.

Former Mozilla exec: Google sabotaged Firefox for years--zdnet.com.

The Streaming Wars: The Market Guide--seekingalpha.com.

Personal tech: feel trapped in Apple's ecosystem? Apple isn't the only one with an expansive ecosystem of products, services, and software--zdnet.com.

-- John Poole, Editor, Domain Mondo  

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Tech Review | How Amazon $AMZN Could Disrupt Health Care (video)

Tech Review (TR 2019-04-20)--Domain Mondo's weekly review of tech investing news: Features • 1) How Amazon $AMZN Could Disrupt Health Care, 2) Why Food-Delivery Apps Could Leave Restaurants Footing the Bill, 3) Investing: The Week & Investor Notes, 4) ICYMI Tech News: Qualcomm, Apple, Intel, Pinterest, Zoom, Uber, Amazon, Microsoft.

1) How Amazon $AMZN Could Disrupt Health Care

"Amazon has been described has the “everything store, ” but it’s missing one major category - prescription medicines. That might soon change, in the wake of Amazon’s roughly $1 billion acquisition of PillPack, an internet pharmacy. Health experts told CNBC that it’s only a mater of time before Amazon starts selling prescription drugs on its online marketplace, and that it’s assembling a team to do just that. For Amazon, pharmacy represents a multibillion market opportunity, but it’s also highly complicated and will involve battling with some entrenched competition that has a vested interest in keeping drug prices high. But Amazon, with its scale, leverage, and supply chain expertise, could be the company to do it, the experts said. People buying medical supplies on Amazon, such as glucometers and cold medicine, can now use their flexible savings accounts or health savings accounts to get discounts. These programs, often referred to as an HSA or FSA, allow people with health insurance to set aside a portion of their salary before taxes to cover medical expenses that would have been paid for out-of-pocket, such as prescription medicines and medical supplies.

"In recent years, Amazon has started adding more health and wellness products, including medical devices and over-the-counter medicines. Amazon’s rival Walmart, which currently offers pharmacy services, also has a storefront for HSA and FSA products. To sell prescription medicines, Amazon will need to work with middlemen, known as pharmacy benefits managers, in order to take a customer’s insurance. Some health experts suggest that the move into adding HSA and FSA cards is a smart method for Amazon to learn more about people’s spending on health. “It’s a back end way for Amazon to learn about consumer purchasing behavior of health care products and services, as it moves more deeply into the space,” said Michael Yang, a health-tech investor with Omers Ventures.

"Some in the pharmacy world have speculated that Amazon will get into the space by initially focusing this segment of consumers that typically pays cash for their prescription medicine. That’s about 6 percent of the U.S. population, which is a chunk of the $450 billion pharmacy market."--CNBC.com video above published Apr 10, 2019.

2) Why Food-Delivery Apps Could Leave Restaurants Footing the Bill

America's love for take-out is spurring a boom in food delivery startups. But what's convenient for customers may not be good for restaurants reports the Wall Street Journal (wsj.com). Video above published Apr 5, 2019.

3) Investing

The Week: NASDAQ Composite +0.2% | S&P 500 Index -0.1% | DJIA +0.6%

Investor Notes: U.S. stock markets were closed on Friday, April 19, in observance of Good Friday. Good Friday is the only day U.S. markets are closed for the day that isn't also a federal (U.S.) holiday. The New York Stock Exchange and the NASDAQ will resume normal trading hours on Monday.

Cash Out, or Go All In: When Stocks Are Up 16% and It's Only April--bloomberg.com: “The first quarter’s rally would have been good enough to shut the whole year down and call it a day,” said Scott Colyer, chief investment officer at Advisors Asset Management. Even so, he says, “I’m paid to be a worrier. I look hard for signs that the markets are about to roll over every day. I don’t see them.”

S&P outperformance continues--bloomberg.com: U.S. investors are throwing in the towel on international stocks, diversification push fading.

Foreign investors sharply increased their holdings of US Treasury securities over December, January, and February, adding $185 billion, while ... American institutions and individuals are buying them at a ravenous clip--Who Bought the Huge $1.26 Trillion of New US Government Debt over the Past 12 Months?--WolfStreet.com.

Eurozone industrial production contracts for fourth straight month: Germany suffered 2% decline in February, Eurozone factories stuck in longest slump since debt crisis--telegraph.co.uk.

‘Flash Boys’ Trading Bots Are Running Wild on Crypto Exchanges-- Cornell Tech detects front running at decentralized exchanges. Researchers suggest impact could be in billions of dollars--bloomberg.com.

Brexit: “They’re all liars mate,” said my London cabbie. “May was a Remainer. How were we going to get a good deal when our negotiators don’t want to leave?” he asked. I shrugged. “They’ll stall until they can say it’s not what people want no more -- happened in every country that ever wanted a referendum or held one,” he said. “The EU paid to move a Land Rover factory from the Midlands to Slovakia where they earn 5 pound for every 25 we make – so our boys are out of work and the company makes more profit. How’s that right?,” he asked. “For every two pound we put into the EU, we get one back.” So I asked if Britain held another referendum, which way it’d go? “We’re split in two mate, we’re absolutely shattered.” --zerohedge.com.

Goldman Economists Say Trump Re-Election More Likely Than Not-- incumbency and state of economy help Trump’s chances--bloomberg.com. According to Nobel Prize winner, Robert Schiller, an election victory for President Donald Trump would not only boost the stock market but postpone the impending and imminent recession--zerohedge.com.

Global Migration of Millionaires | visualcapitalist.com: world’s wealthiest are the most mobile.
Biggest gainers: Australia +12,000; U.S. +10,000*; Canada +4000
*New York City, Los Angeles, Miami, and San Francisco all had inflows of over +1000
Biggest Losers: China -15,000; Russia -7000; India -5000; Turkey -4000.

4) ICYMI Tech News:

Qualcomm hands Apple a stunning defeat--seekingalpha.com: Qualcomm has the only working 5G modem, and will be first to market this year, plus Qualcomm's rich 5G patent portfolio.

Intel to Exit 5G Smartphone Modem Business, Focus 5G Efforts on Network Infrastructure and Other Data-Centric Opportunities--newsroom.intel.com.

Apple: App Store Q1 downloads reportedly drop 5% YoY, first decline since 2015 --9to5mac.com.

Pinterest Inc IPO:

NYSE: PINS Thursday, April 18, 2019

Zoom Video Communications Inc IPO: 

NASDAQ: ZM Thursday, April 18, 2019

.Uber Discloses 3-Yr $10-Billion Loss from Operations, Stalling Rideshare Revenue & 50 Pages of “Risk Factors” that Are Not for the Squeamish--wolfstreet.com.

Amazon: retailers and Amazon.com-- major brands increasingly distribute clothing and accessories directly through Amazon.com, attracted by more than 100 million Amazon Prime members and Amazon logistics.

Microsoft A Better Buy Than Amazon? Microsoft's valuation is reasonable given its historical performance, growth potential, brand, and recession resilience.--seekingalpha.com.

Cable TV Cord-Cutting Is Quickly Picking Up Pace, while SVOD (subscription or streaming video on demand, e.g., Netflix, Amazon Prime, Hulu, etc.) has reached 69% penetration of the US market.

College is Broken: Reflections and Predictions--hackernoon.com.

Personal Tech: Quitting social media liberated me--cbc.ca: 'I put down my phone and picked up my life.'

-- John Poole, Editor, Domain Mondo  

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Uber $UBER IPO - Six Numbers You Need to Know (video)

Uber’s IPO Filing: 6 Numbers You Need to Know

UBER Technologies, Inc. filed with the SEC its Form S-1, on April 11, 2019. Fortune.com video above published Apr 12, 2019.

Uber Technologies Inc. is a transportation network company headquartered in San Francisco, California, with operations in 785 metropolitan areas worldwide. Uber offers services including peer-to-peer ridesharing, ride service hailing, food delivery, and a bicycle-sharing system.

Domains include:

• Uber.com 
• UberEats.com
• OttoMotors.com
• Jump.com

Dining out just became as easy as ordering in! Want to check out your favorite restaurants in person? They might cover your next @Uber ride with #UberVouchers. 🚗

Check out how it works: https://t.co/4OYcTy0tM2

— Uber Eats (@UberEats) April 11, 2019

Tweets by Uber

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Tech Review | Why The Tech Giants Have Many CEOs Running Scared

Tech Review (TR 2019-04-13)--Domain Mondo's weekly review of tech investing news: Features • 1) Why The Tech Giants Have Many CEOs Running Scared, 2)  SpaceX ARABSAT-6A Falcon Heavy Launch and Triple Landing Highlights, 3) Investing: The Week & Investor Notes, 4) ICYMI Tech News: Amazon, Huawei, Qualcomm, SAP, Grab, Lyft & Uber IPOs, Boeing, Disney.

1) Why The Tech Giants Have Many CEOs Running Scared

Why are chief executive officers so worried about tech giants investing in their sectors? James Fontanella-Khan, the FT’s US corporate finance and deals expert, explains how legacy companies are trying to fight the disruptors and stay relevant by making risky acquisitions. Financial Times (ft.com) video above published Apr 5, 2019. Learn more at https://bigdeal.ft.com/.

2) SpaceX ARABSAT-6A Falcon Heavy Launch and Triple Landing Highlights

Highlights from the 11 April 2019 launch from Cape Canaveral, Florida, USA.

3) Investing

The Week: NASDAQ Composite +0.6% | S&P 500 Index +0.5% | DJIA -0.1%

US stocks close higher Friday on robust bank earnings, Disney helps propel Dow up triple digits

Investor Notes: 
• Survey: which US sector will outperform for the remainder of the year? "Tech" #1

We have the results of last week's DataTrek Market Outlook Survey! Tech was the #1 choice among respondents when asked "which US sector will outperform the most over the remainder of the year?" Read the rest of the results & our analysis here: https://t.co/CjRYMvEmuE $SPY $XLK pic.twitter.com/YD0VgaaamU

— DataTrek Research (@DataTrekMB) April 8, 2019

•  US: Initial Jobless Claims Plunge To Lowest In 50 Years--zerohedge.com. Inflation? Less than 2%. Fed Funds Rate? Less than 3%.  Hedge funds have 'once again missed much of the recent move in stocks'--zerohedge.com.

•  EU:  IMF sharply downgrades its outlook for euro-area economies--bloomberg.com. SocGen Slashing 1,600 Trading Jobs After 19% Loss--750 jobs in France will go as part of cuts--bloomberg.com. The French bank's share price has declined 40 percent in the last 12 months, compared with a 17 percent drop in the Euro STOXX Banks Index. Europe, The Big Short--seekingalpha.com.

• Brexit: the UK economy has been drifting away from Europe for years: one of five reasons why--"... the EU is stagnating ..."--telegraph.co.uk. Nonetheless, UK's political class apparently can't let go.

• China:

• China's Debt Bomb Is Back: Beijing Injects Most Ever Credit For Month Of March.

• ‘Belt and Road--A Chinese World Order’ review: Beijing’s map of the world | thehindu.com.

• Buying Baidu Ahead Of The Science and Technology Board Launch?

• Real Estate? A Simon Property Group Mall Generates Largest Loss Ever for Retail CMBS  How the Brick & Mortar Meltdown works for Commercial Mortgage-Backed Securities after America’s largest mall landlord defaults on a mortgage and walks away from the mall--wolfstreet.com. See also US housing market deteriorates, shift to a buyer's market accelerates, U.S. markets will have the highest percentage of homes that sell at discount versus the list price in many years----2Q19 National Knock Deals Report.

• Asset prices in the modern era: In Barron’s this past weekend, J.P Morgan chief U.S. equity strategist Dubravko Lakos-Bujas:  

 We are all used to using the word “cycle”; we’re all used to looking at historical charts and graphs and equations and relationships. The reality is that maybe the word “cycle” is no longer even relevant, given that we have so much unconventional central-bank involvement.

4) ICYMI Tech News:

Amazon Day Two: 1) Amazon Shares Are Headed Higher From Here; 2) “Project Kuiper” plans to launch over 3,000 satellites offering broadband internet. See also Inside Eero's $97 million fire sale to Amazon--mashable.com, and Amazon buys warehouse robotics startup Canvas Technology.

Huawei: "How did a private Chinese firm come to dominate the world’s most important emerging technology?--One theme is clear: Throughout its history, Huawei appears to have benefited from state support not available to the company’s Western rivals ... European investigators have found evidence that Huawei may have received a massive $30 billion line of credit from the China Development Bank, among other well-timed financing ..."--foreignpolicy.com. [Editor's note: all Chinese companies are SOEs to one degree or another.]

Qualcomm aims to take on Nvidia, Intel with new AI chips.

SAP cloud business head quits after 27 years in latest top departures--under a restructuring announced in January about 4400 positions will be eliminated. SAP rival Oracle has also announced some layoffs with some of its top talent going to Google.

Grab (domain: grab.com) seeks another $2 billion funding. The Southeast Asian startup, based in Singapore, is backed by Japan's SoftBank.

Lyft's stock slide casts long shadow on Uber's IPO:

$LYFT

Boeing 737Max: another chapter in the book titled Normalization of Deviance?

Disney announced Thursday its new family-friendly streaming service will cost $7 monthly or $70 annually.

Personal Tech: 

• Investigation shows how easy and affordable obtaining cellphone customers' real-time location data can be, as T-Mobile, Sprint, and AT&T peddle it to middlemen.

• The Robocall Crisis Will Never Be Totally Fixed--"Always hang up immediately if you answer a call that you don't recognize"--wired.com.

-- John Poole, Editor, Domain Mondo  

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