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The cynic in me believes there will never be an IPO. They've started to hide their balance sheets, even from large investors. Their valuation is already sky-hig
by matt4077 10y ago
The cynic in me believes there will never be an IPO. They've started to hide their balance sheets, even from large investors. Their valuation is already sky-high, and it's basically impossible for them to realistically return 10x for new investors, but the risks are higher than they were two or three years ago.
They're a time bomb financially, a mine field politically, and a toxic swamp morally. The Uber->Under transition is just a matter of months.
- wpietri 10y agoYup. I think he would have been smarter to do a Groupon-style IPO, where he wraps it in Christmas paper, gets everybody hyped up, and quickly sells off his personal shares before everybody that they've bought a box full of dog turds and the share price falls by 80-90%. I'm of course happy he didn't, as he deserves to go down in flames. If we're especially lucky, he and Shkreli will end up sharing a cell. But we're probably not that lucky.
- dowjones 10y agoYou think Travis Kalanick should go to jail? Really? For what?