The Secrets of the Wall Street Stock Traders

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LEGENDS OF TRADING: THE STORY OF JESSE LIVERMORE

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    Uber makes its Wall Street debut - CNN

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    Along the way, Uber destabilized the taxi industry, became the most valuable US startup and emerged as the darling of Silicon Valley, spawning an entire category of companies billing themselves as the "Uber for X. Uber's first investors open up about their wild ride. But that changed in when former engineer Susan Fowler rocked the company by making public allegations of sexism and harassment in a lengthy blog post.

    An internal investigation revealed a reckless office culture where "toe-stepping" was a prized value and executives had unchecked power. Travis Kalanick, Uber's cofounder and then CEO, admitted he needed to "grow up" after being caught on camera arguing with an Uber driver.

    How to Trade Stocks

    Kalanick was ultimately ousted in June Khosrowshahi quickly stressed that Uber had to change. Since then, he has revamped the company's cultural norms , which now include maxims such as "We Do The Right Thing," in stark contrast to Kalanick's edict to "Always Be Hustlin'. And he's put to rest some outstanding crises, including a major lawsuit with Google's self-driving car unit Waymo over the alleged stealing of trade secrets. Under Khosrowshahi, Uber also reconsidered its efforts to operate all across the world.

    After that mad dash to overhaul its business and go public, Uber ran into a different problem: the Week from Hell. On Sunday, President Trump surprised investors by threatening to impose higher tariffs on China in a tweet. The market swung wildly amid concerns of an escalating trade war between the United States and China.

    Why I Quit Day Trading

    Lyft stock continued its decline the day after. At one time, Uber rooted for Lyft to fail. But as the closest proxy to Uber on the public market, Lyft's stock decline only made Uber's IPO pitch that much harder. Daniel Ives, an analyst with Wedbush, said in an investor note this week that Lyft's stock performance, combined with broader market jitters, likely "caused Uber to look at a more conservative price range based on its demand for its IPO.