Just when you thought bay area housing pries couldn't get any crazier, Uber files for IPO same week as Lyft.
The number of Lyft and Uber employees is minuscule compared to the size of the housing market.
Uber Joins Lyft in Race to Tap Investors
41–50 of 139 posts
Re: Uber Joins Lyft in Race to Tap Investors
#42Earlier quoted context omitted.
Have you seen https://news.ycombinator.com/item?id=18618365 ? It brought interesting insight into additional factors in TSLA’s valuation
I don't understand how this brings insight into "additional factors" in their "valuation", as the article mentions nothing about their valuation, just that they have efficient batteries.
Many people think of Tesla as a car company, when actually it's an energy company. Other car manufacturers are not.
Re: Uber Joins Lyft in Race to Tap Investors
#43So are these companies rushing to IPO before a 'potential' recession occurs? Does anyone else not feel confident about this? It seems fear driven and not very calculated. Maybe I'm missing the bigger picture..
Get out while the getting is good, as they say.
Re: Uber Joins Lyft in Race to Tap Investors
#44Just when you thought bay area housing pries couldn't get any crazier, Uber files for IPO same week as Lyft.
Prices have actually been dropping recently
That. Funny enough redfin stubbornly shows my property is gradually up 6% since jan 1st with no drop while I know it’s been +15% just 6 months ago
Re: Uber Joins Lyft in Race to Tap Investors
#45It is laughable how Uber MUST follow Lyft into everything. I remember when Lyft announced Line, Uber announced "Pool is in the works!!!"
Re: Uber Joins Lyft in Race to Tap Investors
#46Decades ago companies competed in being the first to bring the product to the market, so enough prospects would try theirs first and become loyal users. These days the competition is about being the first to sell your story to the retail investor before the hype cools down and people get disillusioned about the entire business model (see GRPN, SNAP, etc). I'm truly wondering how sustainable is this and how hard the m…
This first-to-market strategy has largely been discredited in the business world. I remember reading a Harvard Business Review article many years ago about how it was the go-to strategy for companies launching products in the 80/90s. To gain the "First mover advantage". Turns out there's far too much risk for too little (potential) reward, which the graveyard of countless dead first-mover companies/products attests t…
Or buy out the winner, which is likely cheaper.
For example look at Coca-Cola's history of sodas. At a certain scale they realized that buying out new brands was cheaper and less risky than doing the experimentation themselves
Re: Uber Joins Lyft in Race to Tap Investors
#47Earlier quoted context omitted.
I have no lost sleep for retail investors who confuse speculation with investment. That’s their money and they do can as they wish. It’s the forced buy in by funds and pensions that I don’t like. Many are dictated by objective formulas like top N by market cap which may lead either Uber or Lyft to be included quite quickly. Biggest preventer for either may be the “four recent quarters of profitability” requirement. D…
Active vs. Passive over the 20th century shows that active management doesn't work for the customer.
That actually is factually misleading. Active has greatly outperformed in foreign securities net of fees:
https://www.ft.com/content/d93100ca-acf4-11e6-9cb3-bb8207902...
In domestic markets, active management has not out-performed net of fees, but there are bad people in every profession:
https://www.nb.com/pages/public/global/insights/the-overlook...
You also have to remember these statistics only look at mutual funds and most of the best investors don't offer mutual fund products. Passive investing should work for many investors. I think fees though are a bigger culprit though than active vs. passive.
Re: Uber Joins Lyft in Race to Tap Investors
#48Earlier quoted context omitted.
I don't understand how this brings insight into "additional factors" in their "valuation", as the article mentions nothing about their valuation, just that they have efficient batteries.
Many people think of Tesla as a car company, when actually it's an energy company. Other car manufacturers are not.
Reminds me of a quote I once heard (but can't find now) about Ford or GM, that they aren't an automobile company but rather a finance/loan company.
Re: Uber Joins Lyft in Race to Tap Investors
#49Earlier quoted context omitted.
I don't understand how this brings insight into "additional factors" in their "valuation", as the article mentions nothing about their valuation, just that they have efficient batteries.
Many people think of Tesla as a car company, when actually it's an energy company. Other car manufacturers are not.
The question then becomes whether they have a modest cost advantage over other battery makers or a huge cost advantage. A modest one just means they will be the slightly more profitable battery maker.
Re: Uber Joins Lyft in Race to Tap Investors
#50Decades ago companies competed in being the first to bring the product to the market, so enough prospects would try theirs first and become loyal users. These days the competition is about being the first to sell your story to the retail investor before the hype cools down and people get disillusioned about the entire business model (see GRPN, SNAP, etc). I'm truly wondering how sustainable is this and how hard the m…
> These days the competition is about being the first to sell your story to the retail investor before the hype cools down
That's an obviously false narrative. Companies are preferring to stay out of the public markets for longer than ever, hence the rise of the unicorn.