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IPO would really just be a way to cash out investors with no real return on the horizon for the new shareholders? Speaking from their current burn rate, lawsui
by ProAm 9y ago
IPO would really just be a way to cash out investors with no real return on the horizon for the new shareholders?
Speaking from their current burn rate, lawsuit, potential new technology/driverless cars.
- bhouston 9y agoAt much as you may hate Uber it is an unstoppable juggernaut. Being profitable is not impossible and settling everything is just a question of money, and fairly small sums at that. It may not be worth $100B, but it is going to be worth a ton.
- davidcbc 9y agoTheir plan for profitability so far has been "invent a ground breaking technology that will change the world before we run out of money in a couple years". That sounds more like delusions of grandeur than unstoppable juggernaut. Hopefully that changes under Khosrowshahi. Uber may well yet become an unstoppable juggernaut, but they could just as easily flame in spectacular fashion.
- smileysteve 9y agoSee salesforce and amazon.
- thematt 9y agoIt's far from unstoppable. They might have market share in the US because of their first mover advantage, but they ceded to Didi in China and to Yandex in Russia.
- deleted 9y ago[deleted]
- ProAm 9y agoIs that true though? They are still subsidizing 60% of the cost on all rides no? Eventually there will be a reckoning and will really determine if this is a viable company.
- deleted 9y ago[deleted]