The 48 page paper gives good insight into the case for the valuation. We are only at the tip of the iceberg for the potential of the company. https://files.pitchbook.com/website/files/pdf/3Q_2018_Morningstar-PitchBook_Uber_May_Pick_Up_Investors_Along_With_Riders_In_Its_IPO.pdf
Awesome
They’ve crossed $10b revenue/yr and growing. Given that with 10x multiplier it seems reasonable. Congrats!
If the profit margin is 10% (which is a much higher number than reality), then their profit would be $1b/yr. That would mean a PE multiplier of 110.
Maybe they can get away with high PE ratios like Amazon and Netflix.. saying they are investing in future 😀
FB down an Uber overnight
Wow! This is great. I saw Uber regain temporary Licence in London, I think that should be great news to Uber too.
Thanks for sharing! What do you think of the potential of waymo ± Google maps disrupting Uber?
That’s discussed in the paper. I would point you to this too. https://www.reuters.com/article/us-tech-codeconference/uber-waymo-in-talks-about-self-driving-partnership-uber-ceo-idUSKCN1IW0HI