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 …
And also proves something important. Except about speaker, rather than Uber.
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Yes godfather
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Well ... put.
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What? Say it don’t whisper it.
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We’re seeing two incongruous ideas: - VCs making crazy returns - IPO is a down round from $120B Missing of course are the small returns and zeros from the rest of the portfolio. Almost like the category has risk baked into the huge returns.
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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 …
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$6.2B in one day. What is going to happen if
$Uber loses 29% of its value, just like$Lyft has done?https://twitter.com/mvnash/status/1126974890718978048?s=21 …
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Exactly. It's a true sign of
#incumbent#Syndrome!!!@webhat -
I don't know if we spoke about it before, and I feel it's the sense of entitlement that characterizes
#incumbent#syndrome most - Show replies
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No kidding. The “bears” and guests on CNBC were out on full force the first day of trading practically pronouncing them dead. Meanwhile if the stock turns positive next week they’ll blame “frothy markets”...
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McNamara on CNBC clearly was shorting uber or a market index so he was talking it down like crazy ...
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