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> there isn't the irrational exuberance that the dot com, housing, or bitcoin bubbles had. I would counter that by saying that throwing money at companies tha
by dillutedfixer 7y ago
> there isn't the irrational exuberance that the dot com, housing, or bitcoin bubbles had.
I would counter that by saying that throwing money at companies that literally say they may never be profitable (Lyft, Uber), and valuing them at insanely high amounts is pretty irrational.
- dehrmann 7y agoDepends on how likely that is. Uber and Lyft choose not to be profitable. Unless demand is so elastic that cutting R&D and raising fares to cover costs never breaks even (the pets.com scenario), there are some big levers for making those companies profitable. Granted, they could still be profitable and overvalued.
- wskinner 7y agoThat line is standard in S-1s. [1] https://www.quora.com/Is-it-standard-to-say-you-may-never-achieve-or-maintain-profitability-ie-Snapchat-IPO-filing https://www.quora.com/Is-it-standard-to-say-you-may-never-ac...