Do people at Uber know they're just part of a pump-and-dump scheme and it's all downhill from here, and they're desperately waiting for the 180 day mark to dump their stock and GTFO, or are they drinking the Kool Aid and think Uber is actually a financially stable company?
But Google has many products. Their main product is profitable (minimal server costs to maintain. Huge margins from ad profits). Uber is just 1.5 products (self driving not anywhere close to being ready) and their main product isnt even profitable and comes at a loss
I mean look at the story right below yours: the Dow is Down over 500 points it really has nothing to do with Uber but broader market forces at this point. I’m not saying Uber will get there any time soon but they do get a bit of a pass. They probably should have just delayed it.