4 ms·
Oh please. Do you know how many public companies there are? Some of them very small. Uber hands millions directly to consumers every week just to buy market sha
by cylinder 10y ago
Oh please. Do you know how many public companies there are? Some of them very small. Uber hands millions directly to consumers every week just to buy market share but they can't afford compliance?
The reason they aren't going public is because they don't need to raise capital right now, and they know their financials suck and would get ripped apart in an IPO. They think "wall St doesn't get us!" They're waiting for their numbers to improve but it's not going to happen and meanwhile their valuations go up to unviable levels for the public market.