While I wouldn't literally describe Uber as a ponzi scheme, I think you are right in the figurative sense. It usually helps to make that distinction. But yeah,

While I wouldn't literally describe Uber as a ponzi scheme, I think you are right in the figurative sense. It usually helps to make that distinction. But yeah, it's hard to not see Uber running into a massive liquidity crisis at some point in the next deaced. The company is only viable to the extent the private capital markets allow it to be. I don't think it has any hope at all of accessing public markets.