I shouldn't be laughing. What will actually happen is that your retirement fund will buy this, directly or indirectly. It will collect a fee for doing so. When Uber stock goes down, your nest egg will take the loss. And Uber's founders will walk away with your money.
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Note: Yes there is some possibility that the price will go up and Uber is actually worth more than $120 billion. Can't rule it out!pic.twitter.com/SUy6CiYzIi
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the only point of reference i can come up with is the fact that everyone laughed and facebooks ipo and now they are among the worlds most valuable companies.
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Maybe, but as soon as it’s public, it will be impossible to get a borrow, since lots of people will stake out short positions for the inevitable correction.
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Careful though. Wait until you see a prospectus. A hypothetical valuation isn’t necessarily what they can sell the deal at.
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*cough* wealth inequality *cough*
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Maybe driverless car bet?
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$120 billion for a company with about $4 billion in annual revenue. Hmm.
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A fool and his money are soon parted!
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Shouldn't we all adjust our priors when the people who have seen the detailed financials have a much higher valuation than other observers?
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Depends - Do you trust those people?
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Wut? Uber is valued twice of Tesla? lol
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I find it amazing people assume uber will even qualify for an IPO.
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That's a huge value for a company that is essentially just a brand name, but that's all Coca-Cola and lots of other companies, bundles of consumers attached to a name.
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This reminds me of my sentiment when Facebook went public at $40
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You are probably right. But the last time I laughed at an outrageous valuation was at the time of Facebook's IPO. I was so wrong !! I don't laugh anymore.
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