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That 'someone said something about another company' is basically irrelevant. The underlying issues are the facts that need to be addressed. X years ago, what
by edblarney 10y ago
That 'someone said something about another company' is basically irrelevant.
The underlying issues are the facts that need to be addressed.
X years ago, what was FB's user base, how much was it growing, could it be disrupted, and how much were they spending on ops/acquisitions ... and of course, how many $ could they squeeze out of each user are the fundamental questions.
The article is not unfair.
Uber is a great business that is probably wildly over-priced at this point.
- beambot 10y agoIt's not irrelevant -- it's the same story every time, just with a different company. The "underlying issues" are things Uber management (1) understands better than outsiders looking in; (2) they're actively working to address; and (3) they have vastly-superior metrics to understand their own internal growth rate. They want to stay private precisely for this reason: They don't want to answer whiny questions from people who think they know better. "Wildly overpriced" is speculative on your part (at best). This isn't a publicly traded stock. It's preferred stock, and valuation is ~1 line item in a contract that probably spans dozens of pages. Those other T&C's matter a lot: liquidation preference, participating preferred, etc. Those newest investors are certainly getting superior liquidation preference, and likely getting guaranteed ROI.
- edblarney 10y ago" it's the same story every time, just with a different company." No - it's definitely not the 'same story' :) The same was said about Google and FB, and Amazon - and they are doing very well. It was said about Twitter and they are failing. These companies are all quite different.