I won't argue the valuation is correct, but Uber can grow the taxi market. I take cabs much much much more often than I otherwise would have. Before uber I'd s

I won't argue the valuation is correct, but Uber can grow the taxi market. I take cabs much much much more often than I otherwise would have. Before uber I'd spend maybe 200 bucks a years on cabs. Now I take on almost daily. Also 1 billion for 2% of Uber doesn't necessarily mean it's worth 50 billion because there might be liquidation preferences.