Wall Street Week: Uber's goal, doubts about Disney +, Chevron tackles fracking and the IMF Spring meeting

Uber would seek to raise about $ 10 trillion when it premieres on Wall Street, scheduled for May

Uber reported revenue of $ 11.3 billion in 2018, an annual increase of 42% with travel bookings of more than 50 billion dollars. More than 95% of revenues come from the transportation of people. UberEats (food) and UberFreigh (charges) contributed very little.

The company has spent more than a billion dollars on research and development of self-driving cars.

The company had losses of $ 1,800 millionagainst a loss of $ 4.1 billion in previous years.

After the poor performance of Lyft shares in its IPO, investors are wondering how to evaluate this type of platform companies, such as Uber, AirBnB, Lyft, who do not own the badets, simply connect users to service providers and bill a commission. However, they need millions of vendors and users to be profitable. It was very difficult in marketing campaigns to win customers.

Too late for Disney +?

Disney +, the streaming service prepared by Disney, will be available in the United States starting November 12 at a price of $ 6.99 per month.

The company aims to compete with other digital entertainment giants such as Netflix o Amazon. Netflix has 140 million pay subscribers and operates in more than 80 countries. Amazon Primealthough he does not say so, it is estimated that there are more than 100 million premium paid subscribers.

The price in the United States will be lower than that of Netflix, which increased in January its basic subscription to $ 8.99 per month.

After his debut in North America, Disney + will begin an expansion process that will last two years.

This new service will include the catalog of the company itself, as well as Pixar, Wonder, Star Wars, National Geographic, ESPN, among others.

One of the highlights was the announcement that all seasons of The simpsons will be available

Oil giant Chevron paid $ 33 billion in cash to Anadarko

After a sharp rise of more than 40% since the minimum of October, the sector is consolidating around unconventional oil deposits.

Anadarko is one of the largest operators in the fracturing industry. With this acquisition, Chevron is fully involved in unconventional activities.

Fracturing production costs have fallen between 40% and 60% over the last 5 years.

Chevron announced that it would buy the Anadarko oil and gas producer in cash and shares that the company valued at $ 33 billion.

The Anadarko stock has risen by nearly 30% in previous transactions at $ 60.95 per fraction, after the new

Those of Chevron fell around 2%. The deal estimates Anadarko at $ 65 per share

Anadarko shareholders will receive 0.3869 shares of Chevron and $ 16.25 in cash for each Anadarko share. Chevron will badume $ 15 billion of Anadarko debt.

The agreement is expected, is subject to the approval of shareholders and regulators, is closed in the second half of 2019.

If it is approved, Chevron has announced plans to increase its annual stock repurchase program to $ 5 billion.. He also wants to sell $ 15 billion to $ 20 billion of badets between 2020 and 2022.

The spring meeting of the IMF did not give much news

Despite the expectations of many, especially in countries such as Argentina and Venezuela, the session of the Fund did not generate much news.

The institution announced a slight reduction in expectations regarding global growth and a decline in inflation. Your general manager Christine Lagarde is worried about the lack of structural reforms in Italy and the vulnerability of emerging markets like Argentina, Turkey and Brazil in the event of a sharp deceleration of world economic growth.

Fabian Onetti is president of Winston Capital Advisors in New York, a company specializing in international financial advisory services for professional investors, family offices and the private bank https://winston.capital/infobae.