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Noahpinion's profile
Noah Smith 🐇
Noah Smith 🐇
Noah Smith  🐇
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@Noahpinion

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Noah Smith  🐇Verified account

@Noahpinion

Writes about economics, tweets about rabbits. Check out my Substack: https://noahpinion.substack.com/ 

San Francisco, CA
noahpinion.substack.com
Joined April 2011

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    Noah Smith  🐇‏Verified account @Noahpinion 11 May 2019

    Uber's IPO is being touted as a failure, but it's still being valued at >$76 billion in public markets, when just a little while ago it was valued at $40 billion in private markets. Seems like an immense win for Uber.https://www.nytimes.com/2019/05/10/technology/uber-stock-price-ipo.html …

    3:15 AM - 11 May 2019
    • 36 Retweets
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    • Brewer productgod Nikunj Mehta Abhishek Soni Troy Dyer 𝐁𝐡𝐚𝐛𝐚𝐧𝐢 𝐒𝐚𝐧𝐤𝐚𝐫 𝐉𝐞𝐧𝐚 Ravinder Rajpurohit Keyaira Lock Adewunmi TrumpIsDogcrap
    18 replies 36 retweets 174 likes
      1. Noah Smith  🐇‏Verified account @Noahpinion 11 May 2019

        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 …

        3 replies 6 retweets 17 likes
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      2. Fatigué‏ @lca_psh 11 May 2019
        Replying to @Noahpinion

        They were hoping for a 100billion£ or more valuation

        1 reply 0 retweets 2 likes
      3. Fatigué‏ @lca_psh 11 May 2019
        Replying to @lca_psh @Noahpinion

        $ not £, :)

        0 replies 0 retweets 0 likes
      4. End of conversation
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      2. Noah Smith  🐇‏Verified account @Noahpinion 11 May 2019
        Replying to @Fdr1942

        Really? Did people just not know they were going to get that diluted, or did they expect the valuation to go way higher?

        0 replies 0 retweets 0 likes
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      1. Heye‏ @joyfulheye 11 May 2019
        Replying to @Noahpinion

        Ridiculously overvalued considering the high loss of the main biz.

        0 replies 1 retweet 1 like
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      2. Dollar Store Publius‏ @Xeynon 11 May 2019
        Replying to @Noahpinion

        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.

        2 replies 1 retweet 3 likes
      3. karkar‏ @kar_nels 11 May 2019
        Replying to @Xeynon @Noahpinion

        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.

        1 reply 0 retweets 1 like
      4. Show replies
      1. Nick Walker‏ @nw3 11 May 2019
        Replying to @Noahpinion

        Thank you! I need more failure like that in my life.

        0 replies 0 retweets 3 likes
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      1. nintinnitus‏ @nintinnitus 11 May 2019
        Replying to @Noahpinion

        They only got here by stealing wages from drivers. Fuck Uber.

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