Share This Article

Facebook LinkedIn
Twitter Reddit
Print Email
Pinterest Gmail
Yahoo
Money Morning
×
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • AI Investing
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
  • Retire
    • Income Investing Guide
    • Retirement Articles
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
    • Postcards
Login Archives Your Team About Us FAQ
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • AI Investing
    ×
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
    ×
  • Retire
    • Income Investing Guide
    • Retirement Articles
    ×
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
    • Postcards
    ×
  • Subscribe
Enter stock ticker or keyword
×
Join 100,000+ Like-Minded Investors Today
Twitter
Tags: IPOs
Stocks: BABA, BYND, FPX, MS, PYPL, SNAP, UBER, VZ

Wall Street Hung Billions in Uber Stock Losses on Their Customers

By Daniel Smoot, Associate Editor, Money Morning • May 15, 2019

Start the conversation

Leave a Reply Click here to cancel reply.

You must be logged in to post a comment.

While Wall Street has been hyping up another "unicorn" dud to line their pockets, we've been trying to help investors steer clear of Uber Technologies Inc. (NYSE: UBER).

And while we told readers to avoid Uber, Morgan Stanley (NYSE: MS) was more than happy to hang billions in Uber stock losses on their customers.

Uber stock lossesMorgan Stanley's private wealth management clients were able to buy shares of Uber, since Morgan Stanley was managing the IPO. Clients accessed Uber stock through a fund by the name of New Riders LP, which provided them Class-A Uber shares at $48.77 at the IPO.

Unfortunately, Morgan Stanley was more than happy to offload the time bomb of Uber stock onto their clients under one condition: They couldn't sell for 180 days.

5G Could Mint a New Wave of Millionaires: The greatest tech shift in generations could be about to create untold wealth for investors. To find out how you could capture a life-changing SIX-figure windfall, go here now.

Those Morgan Stanley investors who bought Uber stock at $48.77 are looking at a whopping 18% loss as shares hover around $40. That's 7% higher than the 11% loss retail investors who bought in at $45 are looking at. And the kicker to it all is they can't even sell.

We're talking losses of millions - even billions - since the minimum investment was $250,000. On top of that, Morgan Stanley charged them a fee of 2% on the total funds committed by each individual client.

While Morgan Stanley made a nice payday despite Uber's monumental flop of an IPO, its clients are paying the price. They've learned the hard lesson that Wall Street only cares about Wall Street, not you.

Fortunately for our readers, they've dodged one heck of a bullet with the growing Uber stock losses. Unlike Morgan Stanley, we don't have an agenda with stocks, and we knew Uber was overhyped and a bad buy from the beginning.

Instead, we've told our readers when IPOs are poised to make them money. Just like we did with Alibaba Group Holding Ltd. (NYSE: BABA) and Beyond Meat Inc. (NASDAQ: BYND) months before they went public. BABA and BYND have already netted our readers 164% and 92% gains since their respective IPOs.

And since 2019 is turning into the year of the unicorn IPO, we'll show you another way to profit from the run of billion-dollar public offerings without getting hung out to dry.

In fact, this play is up 31% in the last 12 months alone, and it could be heading even higher...

How This Investment Is Your Play on Profiting from IPOs

Here Are 10 “One-Click” Ways to Earn 10% or Better on Your Money Every Quarter

Appreciation is great, but it’s possible to get even more out of the shares you own. A lot more: you can easily beat inflation and collect regular income to spare. There are no complicated trades to put on, no high-level options clearances necessary. In fact, you can do this with a couple of mouse clicks – passive income redefined. Click here for the report…

Claim My Free Report

Daniel SmootDaniel Smoot

About the Author

Browse Daniel's articles |

Daniel Smoot is a Baltimore-based editor who helps everyday investors with stock recommendations and analysis. He regularly writes about initial public offerings, technology, and more. He earned a Bachelor's degree from Towson University.

… Read full bio

Subscribe
Login
Notify of
guest

guest

0 Comments
Inline Feedbacks
View all comments


Latest News

September 27, 2023 • By Shah Gilani

earnings
The Smart Way to Play Consumer Discretionary Stocks Right Now

September 27, 2023 • By Garrett Baldwin

She's the One

September 26, 2023 • By Garrett Baldwin

I Think We Are Married Last Time I Checked
Trending Stories
ABOUT MONEY MORNING

Money Morning gives you access to a team of market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.

QUICK LINKS
About Us COVID-19 Announcements How Money Morning Works FAQs Contact Us Search Article Archive Forgot Username/Password Archives Profit Academy Research Your Team Videos Text Messaging Terms of Use
FREE NEWSLETTERS
Total Wealth Research Power Profit Trades Penny Hawk Midday Momentum
PREMIUM SERVICES
Money Map Press Home Money Map Report Fast Fortune Club Weekly Cash Clock Microcurrency Trader Hyperdrive Portfolio Rocket Wealth Initiative Quantum Data Profits Flashpoint Trader Darknet Alpha Accelerators Brutus Alerts Resource Traders Alliance L.A.U.N.C.H. Investor Rob Roy Trader Long-Term Equity Profits

© 2023 Money Morning All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning.

Address: 1125 N Charles St. | Baltimore, MD, 21201 | USA | Phone: 888.384.8339 | Disclaimer | Sitemap | Privacy Policy | Whitelist Us | Do Not Sell or Share My Personal Information

wpDiscuz