181–190 of 470 posts
According to this article, stock was valued internally at $49/share in 2016 , so anyone joining in the last three years will not have enjoyed any sort of rocket-ship growth. https://news.yahoo.com/uber-employees-may-not-partying-15171...
Uber was also somewhat unique among unicorns in uniformly blocking its employees from selling shares on the secondary markets.
This is unfortunate for many of the rank and file Uber employees but it’s good news for the stock market in general. It’s showing we’re not in a tech bubble and companies are still going to be valued based on how strong their business case is.
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The market cap (valuation) is the value of one share times the number of outstanding shares (those part of the IPO but also all the existing ones). $8B is the amount of capital raised during the IPO.
but when you buy a share, you are part of only the 8B thats being raised with the other 180 million shares, or do you have a small part of the whole 80~b valuation?
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Facebook was also profitable and had about 10x the number of users compared to Uber pre IPO https://www.forbes.com/sites/greatspeculations/2019/04/22/ub...
Uber has paying users. Facebook had advertisement targets. Doesn't make too much sense to conflate the two.
(I kid.)
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With the burn rate uber has, it'll be bankrupt in < 2 years. There are no other suckers to buy in after the public.
I've never understood why so many people were/are so bullish on Uber. I understand that ride hailing is a big deal, but it doesn't feel like it's that hard to launch a new ride hailing company. I'm basing that opinion on what I've seen in my city. When Uber and Lyft left Austin, there were lots of alternatives that had existed or popped up to fill the space. Aside from brand recognition, what does Uber have that the…
I tried to use one or two of those alternatives. Setup was a pain and I ended up taking a cab. I have at least one coworker who couldn't get a ride because he was in South Austin.
Additionally. if your company is only in one city, visitors have to know about, install, and setup a new app just so they can use you; it's just as easy for them to take a cab. Last time I needed a ride in DC, I used the Lyft app that was already on my phone. There was no friction in being in a different city.
Maybe there was a local alternative in DC, but who's going to look up local ride sharing companies and install yet another app when the app they already use at home already works? Even hailing a cab is easier than installing a new app for one or two rides while you're in a new city.
Uber and Lyft have network effects.
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Facebook was also profitable and had about 10x the number of users compared to Uber pre IPO https://www.forbes.com/sites/greatspeculations/2019/04/22/ub...
Uber has paying users. Facebook had advertisement targets. Doesn't make too much sense to conflate the two.
Earlier quoted context omitted.
Maybe I don't remember it well enough but Amazon's business model seemed a lot more ... tangible than Uber's don't you think?
As a heavy early Amazon and Uber user, I'd say not really. Both are pretty revolutionary and I certainly have been paying Uber a lot more than I was paying Amazon when they just sold books.
Edit: negative marginal costs -> negative marginal profits.