What happened to the valuation of 120 billion in December

Nvidia ML👍
May 13 37 Comments

Now just half of it - 63 billion

No FAAUNG ?

What will be the price in 6 months ? Why the hype

What happened to the valuation of 120 billion in December What happened to the valuation of 120 billion in December

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TOP 37 Comments
  • Twitter / Eng
    levels.wtf

    Twitter Eng

    BIO
    Definitely Jack Dorsey
    levels.wtfmore
    You mean the BS they tried to float to get people excited and get employees to stay wasn’t true? I’m shocked, shocked I tell you. It’s almost as if corporations lie for their own interests.
    May 13 4
    • Uber rrrrt
      Surely Twitter understands!
      May 13
    • Twitter / Eng
      levels.wtf

      Twitter Eng

      BIO
      Definitely Jack Dorsey
      levels.wtfmore
      Wasn’t here for the iPo so don’t care 🤷‍♀️
      May 13
    • Uber rrrrt
      You are not here for this IPO either so then what do you care?!
      May 13
    • Twitter / Eng
      levels.wtf

      Twitter Eng

      BIO
      Definitely Jack Dorsey
      levels.wtfmore
      Because I always enjoy a good laugh 😂
      May 13
  • Microsoft
    Tier 1

    Microsoft

    BIO
    #1 in Prestige
    Tier 1more
    60bn is a decent valuation. I doubt it’ll change much over the next year or so.
    May 13 4
    • Amazon crypto*
      Markets are irrational
      May 13
    • Amazon mUwn3e
      It's still tanking lmfao @Microsoft and it's only day 2
      May 13
    • Tableau / Eng
      WorkingIt

      Tableau Eng

      PRE
      Microsoft
      WorkingItmore
      It's a silly valuation for an over-hyped neo-taxi company that is pretending to be a tech company.
      May 13
    • Amazon mUwn3e
      I mean they definitely have technology with logistics. I think their eng is amazing and ambitious. But their business people suck (subsidizing rides, true price of a typical ride should be higher, like taxi prices level). More convenient because it's an app and you can track everything. But come on with the business/prices. They're not fooling anyone.
      May 13
  • Facebook
    Instagrаm

    Facebook

    PRE
    Google, Microsoft
    Instagrаmmore
    May 13 0
  • Uber / Eng
    sight

    Uber Eng

    PRE
    Facebook, Cisco, Dell
    sightmore
    It was never valued at 120b. Those were just rumors based on what some banks thought it could go for.
    May 13 5
    • Microsoft pJcW86
      Someone likely paid the equivalent of a price/share that equated to a 120b valuation pre-ipo.
      May 13
    • Twitter / Eng
      levels.wtf

      Twitter Eng

      BIO
      Definitely Jack Dorsey
      levels.wtfmore
      This was a number made up by Uber, not the banks. They were saying it publicly to try to get FOMO from the underwriters. It’s dishonest at the very least and if this country wasn’t run by crony people the SEC would come down on them for this.
      May 13
    • Uber / Eng
      sight

      Uber Eng

      PRE
      Facebook, Cisco, Dell
      sightmore
      Where is your proof of that accusation levels.wft?

      The only 120B target at Uber is apparently a long term incentive that DK has if he gets the company there and keeps it there for at least 6 months. This has probably just been misconstrued.
      May 13
    • Isn't there an email Khosrowshahi sent to employees today, comparing with Amazon IPO? That sounds like desperation :(
      May 13
    • Amazon oojgfr
      And what the CEO needed it to hit the market at for his big bonus
      May 13
  • Cruise Automation MNpz56
    Yeah the 120b was bullshit they tried to push as Truth to make the 90b look good.

    This stock should be 25b$ MAYBE in the best case
    May 13 1
    • Microsoft pJcW86
      That's generous too considering the ride share global market is 30 something billion.
      May 13
  • Apple bossfired
    FAANG cant let U come in
    May 13 0
  • Microsoft pJcW86
    Maybe they'll actually do something technologically innovative that they put to market now instead of be a taxi replacement.

    Considering the global size of the taxi market is roughly 100 billion, what kind of idiot predicts a larger valuation that the size of the entire segment when Uber isn't delivering more sizeable services.
    May 13 3
    • Twitter / Eng
      levels.wtf

      Twitter Eng

      BIO
      Definitely Jack Dorsey
      levels.wtfmore
      Cmon now, Uber hasn’t been a taxi company since they dropped cab from their name. They are a “transportation” company right 😬
      May 13
    • Microsoft pJcW86
      To give them credit, they are trying to do Uber Freight which is like a 700b market but last I heard they aren't doing very well getting into the market and they don't seem to have as much success with B2B vs. B2C.
      May 13
    • Twitter / Eng
      levels.wtf

      Twitter Eng

      BIO
      Definitely Jack Dorsey
      levels.wtfmore
      Right. There’s no actual technology that will change the freight market. Incumbents are killing it there. This is the Silicon Valley delusion in general. Just because they are generally good at making consumer apps doesn’t mean that they have any special technology or know how to manage physical things.
      May 13
  • AT&T tEwh72
    Hope people learn from the dot com experience. Wait until valuation stabilizes.
    May 13 2
    • Oracle alwzangry
      Haha...if they had learned, would this have happened? You need to be from one of the companies from the dot com bust to even know this! Everybody likes to make their own mistakes.
      May 13
    • Tableau / Eng
      WorkingIt

      Tableau Eng

      PRE
      Microsoft
      WorkingItmore
      Many Blinders were barely born back in the dot com days. They think stock increases are a given right.
      May 13
  • Facebook liam
    Target - 0.
    May 13 1
    • Uber justleave
      facebook should be 0 as well.
      May 13
  • Google / Eng tnxU67
    This reminds me of Xiaomi, a Chinese phone maker listed in HK. At first it intended to IPO with 100B valuation. End up with 54B on IPO date. Now it’s about 30B.
    May 13 0
  • Snapchat AQTG64
    I hope they withhold enough tax when they IPO
    May 13 1
    • Google / Eng tnxU67
      How much did Snapchat withhold?
      May 13
  • Oracle alwzangry
    It's all dot com hype bubble again - only 3x bigger
    May 13 0
  • Cruise Automation MNpz56
    I still remember the Uber bros a couple weeks ago, all convinced they hit jackpot at 120B$. It hurts for my friend at Uber, but Karma is a bit*h 😍
    May 13 0
  • Facebook TooLazy
    Without subsidies the market will be MUCH smaller than claimed. My expectation is ~30B market value for uber.
    May 13 0
  • AT&T tEwh72
    Bottom line. Both are overvalued. Will stabilize once it reaches reasonable stock price.
    May 13 0
  • Apple bossfired
    Lol
    May 13 0