What happened to the valuation of 120 billion in December
Now just half of it - 63 billion No FAAUNG ? What will be the price in 6 months ? Why the hype
You mean the BS they tried to float to get people excited and get employees to stay wasnāt true? Iām shocked, shocked I tell you. Itās almost as if corporations lie for their own interests.
Surely Twitter understands!
Wasnāt here for the iPo so donāt care š¤·āāļø
FAANG cant let U come in
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.
Cmon now, Uber hasnāt been a taxi company since they dropped cab from their name. They are a ātransportationā company right š¬
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.
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
That's generous too considering the ride share global market is 30 something billion.
Target - 0.
facebook should be 0 as well.
Lol
It was never valued at 120b. Those were just rumors based on what some banks thought it could go for.
Someone likely paid the equivalent of a price/share that equated to a 120b valuation pre-ipo.
This was a number made up by Uber, not the banks. They were saying it publicly to try to get FOMO from the underwriters. Itās dishonest at the very least and if this country wasnāt run by crony people the SEC would come down on them for this.
Bottom line. Both are overvalued. Will stabilize once it reaches reasonable stock price.
60bn is a decent valuation. I doubt itāll change much over the next year or so.
Markets are irrational
It's still tanking lmfao @Microsoft and it's only day 2