Goldman’s Uber Stake Purge Leaves Late Retail Investors on Bumpy Road

Goldman sold its entire stake in Uber Technologies late last year. The sale netted the investment bank a massive return, despite the stocks poor performance. The IPO system favors Wall Street insiders while leaving retail investors holding the bag. One of the most anticipated IPOs of 2019, Uber Technologies Inc. (NYSE: UBER) turned out to …

Stock Market Braces for UBER, PTON, CVS, and DIS Earnings

This could be another bumper week for markets as more big-name firms are due to release their third-quarter earnings. Market-moving economic numbers are scant, though, with the Fed set to release Q3 productivity figures on Wednesday and September’s consumer credit report on Thursday. This week will be a big one for 2019’s IPOs as both …

Uber Investor Mistakenly Claims Stock Is Toast Without Kalanick-Like CEO

Uber investor Bradley Tusk says the stock needs a ruthless CEO to escape the doldrums but one investment manager disagrees. | Source: REUTERS/Andrew Kelly Bradley Tusk, an early investor in Uber Technologies and its first political strategist, believes current management lacks the innovative and intense vision of founder Travis Kalanick and that Uber stock will …