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Howard Gold’s No-Nonsense Investing: Uber IPO has 4 big red flags that should alarm you

Uber Technologies dropped its offering prospectus late Thursday as it prepares for an initial public offering in May. The one number it hopes potential investors will notice is revenue growth, which was up 42% last year to $11.3 billion from $7.9 billion in 2017.

That’s probably enough for the growth-at-any-price crowd to hop in with UberUBER, +0.00% . But investors chastened by the first-day surge and subsequent 20% plunge of chief ride-sharing rival Lyft’s LYFT, -1.83% stock will be particularly alert for red flags.

They won’t have to look hard, because at least four crimson banners are flying in plain sight:

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