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harjtaggar's profile
Harj Taggar
Harj Taggar
Harj Taggar
@harjtaggar

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Harj Taggar

@harjtaggar

iPhone: 49.284729,-123.109573
harj.posthaven.com
Joined October 2006

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    Harj Taggar‏ @harjtaggar 10 May 2019
    • Report Tweet
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    Harj Taggar Retweeted Jessica Lessin

    Yes, the fall from an $80 billion market cap to only $76 billion on the first day of trading must be existentially devastatinghttps://twitter.com/Jessicalessin/status/1126972429673291776 …

    Harj Taggar added,

    Jessica LessinVerified account @Jessicalessin
    "This is a sign. Uber, which was the most hyped [of the private tech companies], coming down to earth, does say something." @timoreilly https://www.theinformation.com/articles/ubers-disappointing-public-debut-sobering-up-silicon-valley …
    6:15 PM - 10 May 2019
    • 68 Retweets
    • 838 Likes
    • Nakul Shetty Finance2Crypto 🔮 Todd Fitzgerald Jorge Santos Matthew Garrott dan smith § Kal
    21 replies 68 retweets 838 likes
      1. New conversation
      2. KevinKrease‏ @kevinkrease 11 May 2019
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        Replying to @harjtaggar @harjeet

        Context is missing...they priced at the floor of their range and closed 5% lower. Thats notable. It’s more about the broader market outside of SV really bringing a healthy skepticism to a unsustainable business model.

        1 reply 0 retweets 4 likes
      3. Harj Taggar‏ @harjtaggar 11 May 2019
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        Replying to @kevinkrease

        What's notable is how some people are keen to judge a 10 year old company on one day of trading

        2 replies 0 retweets 5 likes
      4. 1 more reply
      1. Jonah Lupton  🇺🇸 😷‏ @JonahLupton 10 May 2019
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        Replying to @harjtaggar @harjeet

        Today’s performance means nothing in the long run. Uber will be judged on what they do over the next 5-10 years. In the meantime kudos to the Uber team for what they’ve been able to accomplish.

        0 replies 3 retweets 12 likes
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      1. New conversation
      2. Paul Graham‏Verified account @paulg 11 May 2019
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        Replying to @harjtaggar @harjeet

        And also proves something important. Except about speaker, rather than Uber.

        7 replies 0 retweets 48 likes
      3. Dave Craige‏ @davecraige 11 May 2019
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        Replying to @paulg @harjeet

        Dave Craige Retweeted Rolfe Winkler

        It is memorable though because it is one of the worst performing IPO's in history. $617M lost in one day.

https://twitter.com/RolfeWinkler/status/1126949689679441920 …

        Dave Craige added,

        Rolfe WinklerVerified account @RolfeWinkler
        .@Uber is the worst performing IPO ever in terms of total dollars lost on day 1 by investors that bought. 180m shares * -$3.43 = $617m loss. Number 2 was Verizon spin-off Genuity in 2000, $277m loss. [Source: Jay Ritter, UF]
        Show this thread
        1 reply 0 retweets 0 likes
      4. 5 more replies
      1. Dickey Singh‏ @DickeySingh 10 May 2019
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        Replying to @harjtaggar @harjeet

        Deja Vuhttps://venturebeat.com/2012/05/18/facebook-disappoints-on-its-opening-day-closing-down-4-from-where-it-opened/ …

        0 replies 1 retweet 6 likes
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      1. Pankaj Sood‏ @livinginacave 11 May 2019
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        Replying to @harjtaggar @harjeet

        Also ignoring the fact that this company went from being a concept to an $80 Billion global company in 10 years, and went public on a day when the markets were dealing with trade wars anyway, but why let any of that matter ;)

        0 replies 0 retweets 5 likes
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      1. New conversation
      2. Barely Accredited‏ @baccredited 11 May 2019
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        Replying to @harjtaggar @harjeet

        Yeah we have a clip of Series A investors who only made 1000x returnspic.twitter.com/xUVE38eK4n

        1 reply 0 retweets 2 likes
      3. Tylney Taylor‏ @TylneyT 11 May 2019
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        Replying to @baccredited @harjeet

        Which was the whole reason to IPO at 10 years - liquidity event ✔️

        0 replies 0 retweets 0 likes
      4. End of conversation
      1. Steve Gardner‏ @SteveJGardner 10 May 2019
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        Replying to @harjtaggar @harjeet

        If it hits $30B I would love a very loud notification sent to my IPhone so I can prepare for the death of tech.

        0 replies 0 retweets 1 like
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