Buffett Shades the Uber IPO

Buffett Shades the Uber IPO

We’ve written a bit on Uber’s IPO, one of the most anticipated stock offerings in many years. However, one person who is not sharing in the enthusiasm is Warren Buffett, who is going to pass on this one. That’s part of a larger strategy the Oracle of Omaha abides by, which is not to invest in any new stock offerings as a practice.

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The Rideshare Arms Race

The Rideshare Arms Race

While the narrative that millennials and Gen Z will bring about the end of personal car ownership is a bit overwrought (and perhaps not entirely accurate), these are still heady days for companies that want to provide rides for people. Uber’s upcoming IPO is perhaps the most anticipated in years, even if its valuation may seem a bit high to some.

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Uber, SoFi, Dash and DefenseStorm.

Uber, SoFi, Dash and DefenseStorm.

SoFi, which just disclosed that it has applied to the FDIC for an industrial loan charter in Utah, has indicated that it plans to hire up to 400 professionals in Delaware. Also this week, Dash Financial Technologies hired Goldman Sachs capital markets veteran Robert Boylan to head business development, while DefenseStorm added Steve Soukup as chief revenue officer.

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