Look at lyft. I’ve poo-pooed Uber here before but look at a company in the same space. $55 vs 78 IPO price. That said, I would definitely be popping champagne if I was at Uber tomorrow. If you have enough to still be a millionaire if it drops 50 percent, even more so
I would suggest shorting with your retirement savings. Once in a lifetime opportunity.
Don't worry. There will be many more unicorn IPOs in future which will be over hyped:p. So its not a lifetime opportunity.
Lyft had a bad IPO, but they are still valued higher than their last private financing round.
For now
Hey Trade Desk what’s wrong with your stock today, they beat bottom and top expectations , good revenue maintained guidance overall it’s good no?
Well, all I can say is it will be a bumpy and bloody ride for the next few months.
Having a conservative IPO price isn’t a bad thing. They’ve already had investors wanting to purchase more shares after their recent round of investor travels.
it makes zero sense to invest in a company with an evolving business model and no path to profitability
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Be ready for Uber stock Crash too.. it's over hyped market cap.