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Albeit Uber is overvalued for the service they provide, and their play is one of the VC industrial complex to ramp up to high value as quickly as possible in th
by loceng 7y ago
Albeit Uber is overvalued for the service they provide, and their play is one of the VC industrial complex to ramp up to high value as quickly as possible in the eyes of the financial markets (large money pool controllers) to get on stock market at unreasonable valuation, exit some early investors/founders and provide a fun lifestyle for themselves during the process - offloading risk to general public, society via the IPO etc.