On the other hand... https://www.bloomberg.com/amp/opinion/articles/2019-05-10/uber-ipo-slowing-growth-and-lack-of-profit-make-it-hard-to-love?__twitter_impression=true …
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They were hoping for a 100billion£ or more valuation
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$ not £, :)
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Really? Did people just not know they were going to get that diluted, or did they expect the valuation to go way higher?
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Ridiculously overvalued considering the high loss of the main biz.
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I don’t understand how a business that has never made money and has never indicated that it has a workable plan to make money can be worth $76 billion.
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It's about potential autonomous vehicles ride share business. If they can figure out the driverless thing, combined with cheap per mile EVs coming to market, robo taxis could be THE main transportation mode of future because cheap for consumer to get driven everywhere.
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Thank you! I need more failure like that in my life.
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They only got here by stealing wages from drivers. Fuck Uber.
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