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I dislike uber, but given that they have meant to gone bankrupt a number of times already, I'm not keen to bet against them anytime soon. Yes, they should have
by KaiserPro 5y ago
I dislike uber, but given that they have meant to gone bankrupt a number of times already, I'm not keen to bet against them anytime soon.
Yes, they should have disappeared in a normal world, but uber didn't because its backed by people with a fucktonne of cash, enough might to distort lots of things about it that should have really killed it years ago.
But then again, in a normal world, Tesla's stock price should be 5% of what it is now, given how much money they loose on making cars.
But we are where we are. I expect uber will thrash about for a number of years yet. However I suspect that if/when uber goes pop, it'll bring lots of tech stocks down with it.
- whall6 5y agoThis is where I stand. Just because their current trajectory puts them in the ground, doesn’t necessarily mean that in 6 months they actually will fail. Considering every startup ever has had a runway (i.e. how many months until we fail), the fact that even some have survived should remove complete confidence that Uber _will_ fail.