Bullshit valuation IPOs

Mar 20 391 Comments

Am I the only one wondering how the HELL can you give those crazy valuations to Lyft and Uber ? Their latest financial is just a joke. Losing so much money with no clear path to earning money in the future.

Uber at 100B is a complete nonsense. They will always lose money or risk losing most of their users. I simply don't see how they can be valued at more than a couple billions. They don't even have a self driving car to save them.

I really have the feeling that over the last weeks and months we see a lot of articles trying to normalize those valuations that are not based on anything tangible. Are those paid advertisement by Uber ? People with skin in the game ?

I wish the best to all Uber employees but seriously this is complete nonsense. I hope the market will look at the fundamentals and put a correct valuation closer to something like 10-15billions.

If I had more confidence in the market I would short the hell out of those stock. But nowadays with hype based marketing you never know.

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TOP 391 Comments
  • Smh basic concepts folks cant understand....uber will be a trillion dollar company in 15 years
    Mar 20 30
    • Twilio ahoyahoy
      @jidao dude, Juno jumped into the NYC market trivially and are having a material affect on Uber there.

      My point is nobody needs to compete globally with Uber, all you need is locally focused places in the cities that Uber makes the vast majority of it's money. That scale and the "route optimization" doesnt matter as much when you go local.

      People open ALL their apps and pick the one that is the right combo of fastest and cheapest. That's it. Period.

      The smartest thing out of Uber lately is their frequent flyer modeled rewards program. That at least creates some relatively free stickiness.
      Mar 22
    • Twilio ahoyahoy
      The fact of the matter is that smaller local players will have extremely lower COGS because they don't need to operationalize and optimize for 200 cities. International strategy? Whatever. Optimizing for the best ML strategy for airports globally? Fuck that, just make JFK, LGA and Newark awesome. Need UI patterns? Copy Uber. Done.

      All a company like that needs to do is shift those COGS savings to their customers and riders will choose it which brings more drivers to the platform. (supply follows demand and vice versa). This becomes important cause Uber's COGS have no end in sight since there's no economies of scale.

      Imagine if a company with drastically lower COGS decides to undercut Uber in a profitable way by 15% because they don't have an ATG money suck or failed expeditions into China?

      Imagine a person living in NYC and sees Midtown to Williamsburg for $18 in Uber and $14 in Juno. Which will they choose?

      Game over for Uber in that city.
      Mar 22
    • Uber / R&D jidao
      I never said it's impossible, but it's not as easy as you make it sounds. Also no one is going to open 10 apps to know which one is the best, and operating in a single business is good as a starter but it can't be an end goal, you won't ever make enough money from one single City, so at the end those companies will have to expand and face the difficulty or die.

      Once again, not saying no one else will enter and win, but it won't be easy, like for anything else, Google doesn't dominate every search market for example
      Mar 22
    • Twilio ahoyahoy
      To be clear, Google doesn't make money from dominating search markets. It makes money from dominating the internet ad market, and it does do that.

      And cab companies have existed for decades and were profitable. 100B valuation profitable? No, of course not. But that's my point. This is a low margin local business that is being churned through the SV VC grinder. That's the whole point of me worrying about Uber's valuation being too high.

      Sure nobody wants 10 apps but they'll get the ones local to them. A local company can focus on local ad buys. Uber has to spread itself thin to compete against this scenario everywhere. It's not like a Google that can leverage a global infrastructure to answer global questions. Or Facebook that has a literal network effect.

      I'm curious. If you fly a bit, how many airline apps do you have on your phone? Cause this is more like what it is. Except they own planes that cost over $500M each. So, you know, assets.
      Mar 22
    • Uber / R&D jidao
      Zero flying app, I use Google flight to find my flights.
      I don't think the valuation of Uber is 100B at the moment, but it could be if Uber diversifies enough.
      And once again, there are only few places where the market is big enough for you to compete locally, most places you either compete globally or you don't. That doesn't mean no one else can enter, just it's harder.
      Mar 22
  • Tesla 100thieves
    So the interview at Uber or Lyft didn’t go well huh 😅.
    Mar 20 6
    • Facebook RenTech
      To be fair Google, that's usually the case.
      Mar 21
    • Facebook dhjdnxnsms
      Stfu Ren.
      Mar 21
    • Facebook RenTech
      Did you get rejected from Uber too?
      Mar 21
    • Tesla 100thieves
      Google and Fb apply again in 6 months. You will get in. Get back to leetcoding.
      Mar 21
    • Google LyLs67
      So according to you, one cannot genuinely feel Uber and Lyft are overvalued without having been rejected by them. That is some builder proof logic there
      Mar 22
  • Microsoft pJcW86
    It's based on a per share of investment from recent large investors like Softbank ie what someone is willing to pay per share and times you by the outstanding shares. As to whether it is accurate or not that's up to the investor.

    Have they actually delivered anything outside of Uber service? All I see is tons of ideas that they invest in but no execution to market. Uber eats does not count by the way.
    Mar 20 11
    • Yahoo JabS27
      Really? Ubereats is a world changing idea?
      Mar 21
    • New / Eng 🌲FD
      It's not about ideas
      Mar 21
    • Uber uuyytrre
      hahahaha ubereats does not count; this fucking app and the kids on it
      Mar 22
    • Microsoft pJcW86
      Lol if you think doing value adds on your existing platform is revolutionary and commands multi-billion valuation... Lol can't wait for this bubble to pop.
      Mar 22
    • Workday ManCatDo
      We should really stop calling people who buy stock "investors." Now that people can buy stock on their phones, they're putting as much thought into it as when buying candy.
      Mar 22
  • Yelp
    welppp

    Yelp

    BIO
    On Internet, anything can be debated.
    welpppmore
    Wut lol uber is 100B ?
    Mar 20 7
    • Google YAPTRF
      It's strategic. You want the Facebook curve. Cheap IPO funding to start. Doubt with crash. Then you pull profitability from more sane number
      Mar 21
    • Cerner / Other xyyxxy
      Just wait and watch, wall street does not fk around. Once it's public you will know lol
      Mar 21
    • Cisco HR-Angel1
      Yeah agree just watch the movie “The Big Short”
      Mar 21
    • Lyft Player 1
      Mar 22
    • Thanks Lyft for showing us what will happen to Lyft and Uber
      Mar 22
  • Intuit z9nkay
    Stocks gonna take a dump if they can’t deliver. The success is baked in price of Lyft and Uber. So, the stock says flat or goes down. Sounds like so much fun for insiders with their 180 lockup. Good luck!
    Mar 21 11
    • Intuit z9nkay
      Just like the good folks at Snapchat earning 30% more than their peers. Oh, yeah, the IPO market has been quite hot as of recently. /s

      Good companies, they’re just overvalued and attempting to IPO at the end of a business cycle.
      Mar 21
    • Uber yuggles
      I don’t think you’re understanding.

      My base salary and cash bonus is 30k more than the TC of an average equivalent Intuit employee with liquid stock. i.e. if my stock is worth $0 I’m still making more here than I would at Intuit.
      Mar 21
    • Intuit z9nkay
      That’s a good deal then, congrats
      Mar 21
    • Facebook chromeo
      TC is Silicon Valley’s way of comparing whose dick is bigger.
      Mar 21
    • Amazon gag-me
      ^ lol. In the South, it’s how big your pickup truck is
      Mar 21
  • Uber eeIE18
    I'll respect people who go out of their way to post smug trash talk a lot more if they actually put their money where their mouth is and either short or buy puts on the companies they trash. It's easy to be a smug asshole if you have no skin in the game. If you're so sure it's overvalued then short it when they IPO. Talk is cheap.
    Mar 21 23
    • Uber / Eng Trigger
      Also hope u remember nokia
      Mar 21
    • Google AynRand
      Actually i did short $300 calls on intuit. Because i filled my taxes with ck for free. I stopped using Intuit for the first time in 10 yrs. Amazon has awesome returns and free delivery. I get 5% cash back so i ll stick with amz
      Mar 21
    • Google AynRand
      Anyways good luck and hold onto uber
      Mar 21
    • Apple / Eng
      fb n00b

      Apple Eng

      PRE
      Facebook
      fb n00bmore
      I feel like many people is missing the point that you need BOTH drivers and riders for a ride to complete. That's an ecosystem that takes time to build.

      If there's too many drivers, drivers will lose trust because they're losing money with their time.

      If there's too many riders, riders will lose trust because they're unable to get to where they need to be in time.

      If the driver and rider is too far apart, both will lose trust as driver is losing too much gas money to go pick the rider up which rider is waiting and might cancel the ride to use a different app instead.

      As a whole, itis an ecosystem that takes time to build and definitely has the so called "network effect" more than what Amazon has.
      Mar 21
    • Intuit z9nkay
      You have to remember that Intuit isn’t just TurboTax. TurboTax is only half the business!
      Mar 21
  • Amazon AlexaAlexa
    If we started basing valuation on profit then Amazon should be valued at $20b (a 10 multiplied of their profit). And I saw Microsoft guy saying UberEats doesn’t could - it’s like saying Azure doesn’t count in MS’ valuation. They should value MS off of Windows revenue. I mean can’t believe some of the comments I read here. Uber raised money with $70b couple of years ago and is continuously disrupting industry. I believe that Uber has potential to be next Amazon.
    And no I didn’t get an offer from Uber and nor did I get rejected from Uber. Just tracking their progress over years and not commenting based on a point-in-time data.
    Mar 21 12
    • Toptal rRrX38
      What trust has to do with valuation?
      Mar 21
    • Google / Eng
      hurrayy

      Google Eng

      PRE
      Microsoft
      BIO
      14 yoe engineer in tech
      hurrayymore
      Hmm, ok, i do appreciate the replies, and understand, there are some network effects, and entry to barriers for potential competitors.
      Mar 21
    • Google UJBa23
      They could build an ads model with quite solid targeting based on their products usage
      They have optimized trips so it’s easier for them to expand to other delivery areas
      They could even rent their platform to companies like DHL or USPS so they optimize their own deliveries
      They could get into payments like Didi or Grab so they move into a marketplace sphere and get a small transaction fee for any of the billion trips and deliveries
      They are getting into health and services, which is a massive industry exploding as population ages
      I mean... they have so much potential... I’m not saying they’ll succeed but hey they already disrupted the transport industry (and I’m thankful for that) so I don’t see why they wouldn’t be able to do same things in other industries
      Let’s remember that Google has been mutating and acquiring companies as times goes (our programmatic business, YT, Android, etc) always opening new niche markets. That has kept us alive and solid. Why wouldn’t Uber do the same as well?
      Mar 22
    • Amazon LS2044
      To those asking why customer trust matters, look at how investors have treated fb since their privacy/ consumer trust issues have risen. They’ve lost more in their valuation than uber and lyft’s market cap combined.

      @UJBa23 is on the right track imo. Investors also know how hard it is for the two companies to have gotten here. Building the first platform is usually the hardest task. After that, they should be able to venture into new things easier.
      Mar 22
    • Google LyLs67
      The network effects are only local. It's not as strong as Facebook
      Mar 22
  • Uber God.
    Good thing banks and investors are what matter and not engineers who probably have never taken a finance class in their lives :)
    Mar 21 3
    • Oh yeah , and you realize that they are also the one with skin in the game that will get out of the market ASAP, then you the engineer that never took a finance course in your life will be whining as soon as the lock off period is over.
      Mar 21
    • eBay cliffor
      Good thing is Bankers and traders (aka investors) will fuck you up too :)
      Mar 21
    • Pandora wiqQ03
      Always listen to finance people, they'll never try to scam you I promise.
      Mar 21
  • LinkedIn Rr333
    I seem to recall people (still) saying the same things about Tesla.
    Mar 21 6
    • And Tesla is going down hard right now btw. Let's talk about Tesla in 2 years?
      Mar 21
    • Microsoft richardhea
      And they are still correct about Tesla.
      🍆
      Mar 21
    • Microsoft FBisEvil
      Yup, Tesla is a money burning and Elon embezzlement operation.
      Mar 21
    • LinkedIn Rr333
      On a long enough timeline the valuation of every company drops to 0. Tesla is still a success story at this point in time. So no, I disagree that the Tesla detractors are "still correct". In fact, they're still incorrect.
      Mar 21
    • The Trade Desk adsadsads
      Theranos was a success story for years.
      Mar 21
  • KPMG / Mgmt
    Bad_Kitty

    KPMG Mgmt

    PRE
    LinkedIn, McKinsey
    Bad_Kittymore
    @Uber You bet your ass I'll be shorting the stock when its available to short.
    Perhaps you can help us understand why Uber/Lyft are IPOing now, rather than with a clearer path to profitability established. It's not about scale, the two companies are at very different scales. I believe it's because your private investors see a good chance of a recession in the near future and see this as the last best chance to exit. Post recession, in say 5 yrs, when Uber still isn't turning a profit, nobody will buy the 100B story.
    Mar 21 15
    • Uber UberXL
      You mad OP? You were the reject.... got it. Wishing you less anger on this Friday
      Mar 22
    • KPMG / Mgmt
      Bad_Kitty

      KPMG Mgmt

      PRE
      LinkedIn, McKinsey
      Bad_Kittymore
      Actually, I was far more excited about Uber 5 yrs ago. Since then, having learnt a lot more about public market valuations, and having made a bunch of money on both long and short positions (TSLA is a big contributor on the short side :) ), I have formed a short thesis on Uber at 100B. I'm certainly not right with all my positions, but net-net I'm beating the market handsomely. This IPO timing reeks of private investor desperation to liquidate and get their returns, rather than a value creation strategy. There are a half dozen ways for Uber to raise more money without an IPO at this time.. unfortunately none have a counterparty as irrational as retail investors on the other side..(and they don't offer liquidity to the VC investors).
      Mar 23
    • Pretty much my strategy also. When you see this amount of IPOs , it is pretty clear that the big fishes try to get out while it's possible. This means that it will eventually go to shit. And companies that don't make money and lose so much don't stay very high very long. This is the short opportunity of the century. I will short after letting it go up a little bit on the first week or two
      Mar 23
    • Uber UberXL
      They don’t offer liquidity? Do you know what a tender offer is?
      Mar 23
    • Uber kasrows
      How are your shorts holding up 🤣
      Jun 6
  • Amazon / Eng n0v
    100B valuation implies they should be making something like 5B profit per year (20 PE). Given they do more than 5B rides per year, it implies they need to net $1/ride after all overhead. That doesn't seem that far fetched. And it basically assumed no future growth.
    Mar 21 12
    • Facebook chromeo
      Did an Amazonian just talk about profit and back out a legitimate PE? 🤔
      Mar 21
    • eBay / IT
      manorama

      eBay IT

      BIO
      Coder
      manoramamore
      What does cashcow mean in this context ? Positive operating margin ? Also you said 55% of the total revenue for Lyft is the cost or expenses, but it means 45% is the income aka operating margin .
      Mar 21
    • Uber domin8
      20 PE?? Is this IBM??
      Mar 21
    • eBay / IT
      manorama

      eBay IT

      BIO
      Coder
      manoramamore
      I think 20 PE was referenced since it is a standard shiller PE. Anything above 20 PE is considered overvalued .
      Mar 21
    • eBay / IT
      manorama

      eBay IT

      BIO
      Coder
      manoramamore
      Is operating margin = profit / revenue ?
      Mar 21
  • Google AynRand
    Short it. I am going to short 3 months in. Lyft’s ipo will keep it solvent for 3 years. Limited runway and increasing cost. Recipe for disaster

    Why such crazy valuations? Same as why are ppl buying bitcoins. Irrational exuberance.

    Let the lock up period be over. I bet nearly all lyft employees sell almost all of their stock. Also we just laid off a real under performer at Google. Where does this person get hired... Lyft 🤦🏾‍♂️
    Mar 21 5
    • OpenDoor jxit
      Yeah but Google hired that person at one point too so.... doesn’t mean much that Lyft hired them either. Unless you’re saying Google is bad at hiring :)
      Mar 21
    • Nvidia Brouwer
      It’s possible to be laid off at Google?
      Mar 21
    • AIG / Product
      Raging

      AIG Product

      PRE
      Deloitte Digital
      BIO
      Counseling CxOs for AI-first strategy !
      Ragingmore
      @AynRand - Apple fired Steve Jobs for poor performance. It can just be a phase for someone. Tesla will be forced to fire Elon Musk soon.

      Don't harness so much resentment. Either you'll get psychosomatic disorders or at least and autoimmune disorder.
      Mar 22
    • Nvidia Brouwer
      Markets dictate prices. If you disagree, then short and push the price down by a few nano-pennies.
      Mar 22
    • Snapchat LGBT68
      We also just fired few under performers and they went to Google. So I don’t think there’s any correlation here.
      Mar 22
  • Amazon / Mktg
    motard

    Amazon Mktg

    PRE
    Allytics, Amazon
    motardmore
    Uber might give a shitload of rides, but how many of them are people using one of Uber's crazy discounts? I rarely use Uber, but when I do, it's because I have $10 off 10 rides and I'm getting from Point A to Point B for free.
    Mar 21 12
    • Amazon / Mktg
      motard

      Amazon Mktg

      PRE
      Allytics, Amazon
      motardmore
      Someone pissed in your Cheerios this morning didn't they?

      Nice pivot from "you really think people use it for the discounts?" to "you understand you don't represent the entire market right?" though.
      Mar 21
    • Microsoft / Product
      Brazuka

      Microsoft Product

      PRE
      Bain & Company
      Brazukamore
      I'm confused. Taxis existed for decades. They were expensive, shit service not as convenient and there was still a huge market for them. Now you are all saying that nah, market for that is tiny, everybody walks/drives. Tired from arguing with dumb people here. Short Uber if you think it's overvalued.
      Mar 21
    • Amazon / Mktg
      motard

      Amazon Mktg

      PRE
      Allytics, Amazon
      motardmore
      Point to where I said anything about taxis. I hope irony of calling someone dumb while constantly shifting goalposts to support your strawman isn't lost on you. 🙄
      Mar 21
    • Microsoft / Product
      Brazuka

      Microsoft Product

      PRE
      Bain & Company
      Brazukamore
      Check again, I mentioned taxis in every single one of my responses. Uber mais effort is not trying to substitute situation you can drive/walk but rather in ones you would call a cab. You must have no understanding of business.
      Mar 21
    • Amazon / Mktg
      motard

      Amazon Mktg

      PRE
      Allytics, Amazon
      motardmore
      You =/= to me. Congratulations on admitting your entire argument is a strawman though. Good Lord.

      Good job accidentally pointing out Uber's ride count is artificially inflated though.
      Mar 21
  • Airbnb
    aipo

    Airbnb

    BIO
    We're talking about homes. We're talking about homes. We ain't talking about the trip.
    aipomore
    Put your money where your mouth is: leveraged naked short
    Mar 21 2
    • Google HegYGql26u
      You have no experience short selling to make such an idiotic assertion.
      Mar 21
    • JOANY / Mgmt e^(iπ)+1=0
      Thank you! If you have under $1-10M in wealth, shorting isn't really simple and realistic / sane thing to do. It's not like buying a stock, unless there's a fund that happens to be doing the exact type of short you want and only that.
      Mar 22
  • Oracle alwzangry
    Yeah, over-valuation has been going on since the 90s, and got worse since 2003-4, but what do I know.
    Mar 20 2
    • Sprint Chickenlip
      Aw man...most of these kids missed the Dot.com Era of overinflated spreadsheet program garage projects, they don't get it
      Mar 21
    • Oracle alwzangry
      Yes, they missed version 0.1 of everything whose version 1.0 is hyped today.
      Mar 21
  • Uber domin8
    Uber revenue is about 12 bil. 10x revenue for a fast growing company is fine. Facebook went at 30x revenue.
    Mar 21 8
    • Uber domin8
      @oOBb03, dude, do you understand the difference between revenue and gross bookings? Gross bookings were 50bil. By your math, we would be f-ing $500b company!
      12b is Uber's cut.
      Mar 21
    • Uber / Eng oOBb03
      I wasn't explicit enough.

      I think you're forgetting contrarevenue and net revenue. Things that cost Uber to get revenue and the overall revenue including direct costs. Facebook just shows ads and keeps data on people that they publish ads on. Uber has to have greenlight hubs, handle insurance, and processing fees are much higher when you also cover the whole fare. Among other things.

      In the end, the net revenue vs facebook's net revenue is quite different.
      Mar 21
    • Uber domin8
      Yes, but Facebook revenue in 2011 was 3b. Uber is 4 times more. Facebook might be easy on expenses, but it's not as vital as transportation. Uber is a pain killer. Facebook is a vitamin.
      Mar 21
    • Uber / Eng oOBb03
      To me, FB is like homeopathy if we go with your analogy. It is worse than useless for reasons outside its main reason for existing,
      Mar 21
    • Google QmTN21
      FB at IPO had 1m rev and 250k profit per employee. No way to compete on financials with ad driven company. Super hard to value Uber. Supposedly some markets like SF and NYC are profitable but they don't break this data out publicly.
      Mar 21
  • Amazon JcrE05
    Facebook was a joke too initially. They had no set business model.
    Then they tapped into the ads business and gave stakeholders most confidence in their business.
    My guess is that Uber and Lyft might tap into the the ads business— that would make a difference
    Mar 21 17
    • Facebook UhbA53
      @nickki Good luck! Seriously. Hope you cash out.
      Mar 21
    • Uber nickki
      Not my first IPO and won't be my last.
      Mar 21
    • Google LyLs67
      For showing ads. You need users to spend time in the app or have very strong intent like Google. Neither is true
      Mar 21
    • Amazon JcrE05
      @LyLs67 they track your location, know yours and your family whereabouts, can deduct what you eat and what not.
      Then they have a big foot into self driving car industry.
      @nikki let me hold some of those shares
      Mar 21
    • Google LyLs67
      They don't know shit. Most ppl take Uber once in a blue moon
      Mar 22
  • Intuit z9nkay
    It’s woefully obvious autonomous isn’t coming soon, which is the linchpin to these valuations.

    If I can put a sticker on a stop sign and autonomous technology now thinks it’s now a no passing zone sign, it kind of speaks about how smart this technology is, which it isn’t. If it works 100% of the time, 75% of the time, that’s tolerable for my development server. But not with moving warm bodies in thousand pound heaps of metal. These systems can’t think like humans do.

    Even with huge corpus of photos and big data, maps, gps, whatever you’d want at your disposal, a computer can’t have intuition. It’s limited to its corpus and can’t think outside of it.
    Mar 21 13
    • Comcast / Mgmt
      aethernet

      Comcast Mgmt

      BIO
      Various media and tech companies
      aethernetmore
      Would be interesting to look back at the literature when automatic elevators began to replace human operators- were there similar people who thought it was not a solvable problem?
      Mar 22
    • Intuit z9nkay
      Comcast, to your point, I don’t think Uber sees how interconnected driving is with the human experience. There isn’t a discrete part of the brain that handles driving. The empathetic part of you also influenced your choice to swerve and avoid splashing pedestrians by driving around a puddle.

      That’s why you need the full human brain. But Uber could retort that avoiding the puddle is consequential to safe driving.
      Mar 22
    • It's entirely possible that a autonomous car can make different decisions than a human would make and still be significantly better than a human would be.

      We don't need cars that are perfect, we don't need cars that drive like people. We just need cars that drive better than people.

      You mention that you might swerve slightly to avoid splashing pedestrians, okay. How many accidents are because someone did that? Let's up the ante a bit, cat darts into the road, human swerves to miss, slams into an soccer mom's SUV with 5 kids, killing 2 and leaving her with trauma, and one kid with brain damage.

      Oh yeah, I'm real glad human intuition is there to tell me to swerve, instead of the analysis that a computer uses.

      You're treating human driving as some gold standard of accomplishment, when it's simply the single large scale example we have to compare to.

      You cannot list differences between how a computer would react to how a person would, and expect the fact there's a difference to be evidence that autonomy is worse.

      You swerve to miss the cat and kill two kids. The computer kills it, and doesn't kill 2 children.

      As a wise man once said, "Don't trust your guts. They're full of shit."
      Mar 22
    • Intuit z9nkay
      I’m treating a human being as the gold standard because today’s autonomous tech drives into 18 wheelers they can’t detect in bright light.

      Human drivers are pretty bad but the tech is worse imo
      Mar 22
    • Comcast / Mgmt
      aethernet

      Comcast Mgmt

      BIO
      Various media and tech companies
      aethernetmore
      Hey, I’m all for autonomous vehicles, and I hope to buy/lease/subscribe to one soon, ideally before my son reaches the age of 16.

      That’s in 4.5 years, so get on the stick, Waymo/Uber/Tesla/Whomever.

      I also believe that the true autonomous future is going to be as equally enabled by changing the build environment to help the vehicles navigate. Beacons, transponders, fixed LIDARs that provide a snapshot of what the world looks like a block away, vs two car lengths...we live in a networked world, there’s no reason to make the car do all the work.
      Mar 23
  • Microsoft / Product
    Brazuka

    Microsoft Product

    PRE
    Bain & Company
    Brazukamore
    Sorry OP but if you can't see the value in uber beyond couple billion you're plain dumb or have no knowledge of business.
    Mar 21 1
    • Microsoft pappa
      ^ This. Blind is full of people who can't grasp the basics of the world, outside of IT.
      Mar 22
  • Veritas ifjroprjr
    Actually I think between Uber and Lyft the one that can make it is Uber.
    They have a diversified ride product (cars, bike, scooters), they have eats, they have a credit card (btw, uber visa card is amazing). They can have uber freight. They could add groceries delivery like amazon go. The next thing is advertisement, they already know a lot about you, so mine as well start targeting.

    Right now they are burning load of cash to break into market and build up infra, but once things start to stabilize they can drastically improve efficiency. At that point $$$ will pour in.
    Mar 21 0

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