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Calling it now, Uber has several large loans coming due in 2021 and 2022. I suspect we will see the bankruptcy proceedings around that time. They may survive,
by lettergram 8y ago
Calling it now, Uber has several large loans coming due in 2021 and 2022. I suspect we will see the bankruptcy proceedings around that time.
They may survive, not strapped with the debt, perhaps they’ll be profitable. Aka they will just have debt restructuring. Regardless, that’s when I suspect the bankruptcy will occur.
- baby 8y agothis is wishful thinking, Uber is everywhere and too big to fail. It might be hard to see if you don't travel much outside the US. On the other hand, I don't know anyone outside the US who knows Lyft.
- willhslade 8y agoHow is Uber, a company that has never made money, and has competitors in every market in taxi cabs, too big to fail? TBTF refers to banks, not side investments from SoftBank and Saudi Arabia.
- soVeryTired 8y agoIt's hard to see how they're 'too big to fail'. That term is used to describe institutions whose demise could wreak havoc on society, so their failure is prevented by government. Uber could fail and no-one but its investors would bat an eyelid.
- ganeshkrishnan 8y agoThe loans are also debts from the NYC financial firms (GS et al). If uber goes bankrupt it would like bear stearns all over again.