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You might be correct that Uber turns out to be a terrible investment. But there are a lot of smart people out there that disagree with you. And, unlike you, a l
by harryh 10y ago
You might be correct that Uber turns out to be a terrible investment. But there are a lot of smart people out there that disagree with you. And, unlike you, a lot of them have gotten to look at the details of Uber's financials.
I share your skepticism, but I'm not super confident in that belief.
- sslayer 10y agoIf Uber can stay afloat until we have full adoption of self-driving cars, they will profit big-time. They will have a fleet of cars at almost no cost to them as car owners get in line to sign up to rent out their car during "off" periods.
- tyingq 10y agoThat's the bit I wondered about. If they are losing 120 to 800 million per quarter, are there enough investors willing to wait through those losses for X years? I've heard wildly varying estimates for the value of X.
- Retric 10y agoAnother way of looking at this is they want to invest 0.5% of the worlds capital you can't get above 'market' rates for very long. And the longer you do, the harder this becomes. However, you can easily get below market rates.