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Uber’s Colossal I.P.O. Flop May Be the Worst Ever on Wall Street
- conanbatt 7y ago> “The bottom line: A whopping 81% of the $29.55 billion in equity that Uber has raised is underwater,” writes Felix Salmon. “Investors who bought Uber shares 3 years ago have lost 15% of their money, before fees. The opportunity cost is even greater: Investors in the S&P 500 have seen their money grow by 50% over the same period. Big lolz. Invest in a hot mega power-brand company that keeps growing revenue like crazy and still lose money to the mediocre average.
- dang 7y agohttps://news.ycombinator.com/item?id=19901362 https://news.ycombinator.com/item?id=19901362 https://news.ycombinator.com/item?id=19899982 https://news.ycombinator.com/item?id=19899982
- dandare 7y agoWhat is Uber's competitive advantage anyway? Subsidizing rides with Saudi money? The mobile app is pretty simple and competitors are popping up wherever you look. There is almost no cost to switch for the end user and all the taxi companies will end up competing on price. I don't get it.
- shamino 7y agoEh, kind of a naive view. There's a moat in all the data Uber's collected, and analytics it's performed. Not to mention R&D into things like automatous driving, etc...
- dvfjsdhgfv 7y agoThe data you mention would be valuable for someone who figures out how to use it to actually make profit. Until now, Uber hasn't.
- deleted 7y ago[deleted]