> worth $60 billion in public markets today In the same way that Shibu Ino coin is "worth" 4.9 billion - ie, meaningless and entirely fictional; lacking any su

> worth $60 billion in public markets today In the same way that Shibu Ino coin is "worth" 4.9 billion - ie, meaningless and entirely fictional; lacking any substantive value. Uber stock is worth what it is because there are still more fools available to buy it. Theranos failed and was completely exposed, and even the fools are no longer interested. That's not to suggest that Uber did not do some things very well. They identified a need and provided a solution (mostly software-based), but their actual on the ground solution wilfully ignored local laws globally. Even ignoring legislation and regulation which costs money, they still tried to use loss-leading tactics to win markets. So they burned vast amounts of money to undercut the market. Had they ever rectified those two HUGE issues, they would be struggling to make a profit. Even not rectifying them, they are struggling. So holding them up as a success is just naive and wishful, but wrong.