Thread: Financial News
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Old October 16, 2018, 02:47 PM
iDumb iDumb is offline
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Join Date: June 18, 2010
Location: NYC
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Posts: 6,472

Uber proposed value in ipo 120 billion dollars.

I been dying to have this company go public for years now but they decided to go public as a very mature company and with in my opinion a ridiculous price tag. What's the upside now? If valued at 50 billion or so you can argue that you can take it past 100 but at 120.. DAMN!!! And they are still losing money.

I can forsee this as a long term play only if it's able to use automatic driverless car as it's mode of transport. Their revenues rises significantly but also brings in a lot of headache and responsibilities that's now carried by the independent contractors. But eventually can be a game changer and massively profitable. But other than that at current state it's a pretty rich valuation in my opinion.
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