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Just because Uber hasn't turned a profit doesn't mean they aren't worth $xxB. If you actually believe Kalanick cashed out his shares at an overvalued price, go
by smallgovt 7y ago
Just because Uber hasn't turned a profit doesn't mean they aren't worth $xxB.
If you actually believe Kalanick cashed out his shares at an overvalued price, go short Uber and make tons of money. That said, you're probably wrong.
- wpietri 7y agoIt depends on what you mean by "worth". Market price is market price, after all. But it's perfectly plausible that Uber will never turn a profit. It's indisputable that Uber was severely overvalued for a long time. And when thinking from a systemic perspective about whether Kalanick should be a billionaire, we have to reckon with the externalities.