Can Uber Lyft Airbnb still keep those crazy valuations

Dec 23, 2018 3 Comments

Market is correcting, it's all relative. But these private unicorn companies are luring our hardworking engineering community with these valuations, be careful friends.

I see posts with $X offer from public company and $1.2 to 1.25X from these startups, we should expect atleast 2.5X for taking the risk with paper money and constraining ourselves till they go IPO. I am not sure .2X is worth the risk.

I hope these companies go IPO soon and make new millionaires soon. 🍾🥂🍺

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TOP 3 Comments
  • Airbnb is already profitable with billions on the books. Uber and Lyft are not in the same financial boat as lovedoo states.
    Dec 23, 2018 1
  • Google / Mgmt
    Lovedoo

    Go to company page Google Mgmt

    Lovedoo
    The challenge is profitability. Uber and Lyft are both loss leaders. As they expand in to newer markets, they tend to lose more $$. It’s not yet known how much of a price hike can be absorbed by riders. Also there is other completion in Asia and other markets. The outlier that will impact valuation is driverless cars. Waymo is conducting uberlike service trials in AZ with autonomous vehicles. Unless both companies can manage to build a sustainable model that can compete with autonomous vehicles, and for the moment keep driver partners and riders happy, will determine if they continue to command lofty valuations. Moment of truth is when IPO’s list
    Dec 23, 2018 0