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Uber is a good example in that the $54B+ valuation by Wall Street is in spite of the company's enormous short term losses. Whether or not Wall St is right abou
by polishTar 7y ago
Uber is a good example in that the $54B+ valuation by Wall Street is in spite of the company's enormous short term losses.
Whether or not Wall St is right about Uber's future prospects, I think it's a pretty clear (non-Amazon) example of them ignoring the short-term and looking at the long-term potential. Frankly, they're probably overestimating the future opportunity of Uber, at least in my opinion.
Wall St is not the only-focused-on-the-short-term boogie man that some people would make you think. It's a very convenient excuse for some (typically poorly performing) CEO's, but it really isn't the case.