Pump up the IPO price! https://www.bloomberg.com/news/articles/2019-02-15/uber-results-show-revenue-growth-slows-amid-persistent-losses #uber
Calculate p/e with -1.8b loss for 120b valuation!
I wouldn't touch Uber's IPO
Just don't know how everyone in the media believes uber is sustainable at 100b valuation. There is no growth in the core rider market. All the growth is in uber eats which is a different business model with multiple strong competitors. And then they have stupid scooters which invoice a lot of capital investments and are unproven.
Amazon took 4 years after its IPO to post first quarterly profit (<$3M).
Amazon had a plan to get to a COGS point where they were profitable. That is not an option for Uber’s business model.