Welcome to the Tech Mem Ride Home for Friday, May 10th, 2019. I'm Brian McCullough.

Today, Uber's Big IPO had some issues.

Smart phone shipments are at a five-year low.

Do you need an app just for unsubscribing to things?

And of course, the weekend long read suggestions.

Here's what you miss today in the world of tech.

So the big kahuna of the Unicorns, Uber had its IPO today and things did not go swimmingly.

Uber priced its offering at $45 a share, which was at the low end of its expected range.

And when shares finally began trading on the New York Stock Exchange, they came out at $42 a share. So down from even the offer price.

Forget about it first day pop. This is the opposite of that.

Now this has been a bad week for the stock market generally so that might have been a factor and some people have been saying that the poor performance of

lift has been affecting the outlook for Uber's shares.

And at the time of this writing, Uber is inching back towards $45 a share, or at least near

that level, but obviously this is not what you want to

see from an IPO on IPO day.

And then add in the fact that Uber's valuation is around $ billion dollars when just months ago the company

was looking to come public at a hundred and twenty billion dollars in valuation.

So not good and yet Uber did raise $8 billion so that's super important for a company that needs cash reserves to make up for a lot of red ink

And look there's no getting around the fact that Uber is the highest profile tech IPO since

Facebook. And actually I think that might be a lot of what's going on here. I'm old

enough to remember when people were skeptical of Facebook's

business model. When Microsoft invested in Facebook at a 15 billion dollar

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