Earlier quoted context omitted.
Price targets from almost every analyst after Q3 earnings is $>40. If you believe that, you'd be making a mistake selling.
Do you have a link to these analyses?
Uber Sinks to New Record Low as IPO Share Lockup Expires
191–200 of 213 posts
Re: Uber Sinks to New Record Low as IPO Share Lockup Expires
#192Earlier quoted context omitted.
I reckon that's generally true, but I'm trying to think through if it applies when composition of "the market" changes, e.g. when people that couldn't participate before (in lockup period) can participate now. Is it still the case?
No, the market prices are not decided by a group of uber employees selling or buying. In general, trading is done between hundreds of hedge funds, each with at least 10B in assets. Uber employee trading is meaningless.
What does the assets of the fund have to do with anything? If a bunch of new sellers are (literally) unleashed, what matters is how much depth there is on the bid side of the order book.
Re: Uber Sinks to New Record Low as IPO Share Lockup Expires
#193Re: Uber Sinks to New Record Low as IPO Share Lockup Expires
#194Earlier quoted context omitted.
That's a rather strong claim. What's the causal relationship here? All frat bro cultures necessarily create lawbreaking and unethical behavior? From my perspective, that would be prima facie wrong. I've witnessed frat bro cultures that led to that and ones that haven't. Just like every other type of culture. Maybe we aren't talking about the same thing.
The tech "bro culture" values being extremely aggressive, competitive, and ignoring norms of behavior. That sort of mindset leads directly to lawbreaking and unethical behavior.
Yeah, I think we might be talking about different things.
What I have in mind is a culture where personal boundaries are a bit relaxed, people are abnormally loud when communicating, etc. There is a sort of shallow resemblance to general sports culture.
Re: Uber Sinks to New Record Low as IPO Share Lockup Expires
#195Earlier quoted context omitted.
https://www.tipranks.com/stocks/uber/price-target
Their "low" forecast is significantly higher than the current price. I'm skeptical.
Skepticism is entirely warranted, I was just pointing out that there seems to be some unanimity amongst analysts about undervaluation currently.
Re: Uber Sinks to New Record Low as IPO Share Lockup Expires
#196Slightly tangential: Does anyone know how Uber was able to skirt Taxi regulation in the US? Did they actively lobby, or fight this in the courts? It's something that I've always been curious about, since this was a big problem for them in several European countries, and it's hard for me to imagine that in the US everybody just bought the "it's totally not a taxi" argument.
Re: Uber Sinks to New Record Low as IPO Share Lockup Expires
#197Is anyone really surprised? Years before the IPO we knew they were not profitable in the least. We knew VC cash was subsidizing rides. We knew that their future was purely dependent on a self-driving car fleet where they could ditch drivers (and their pay) completely. This on top of a horrible culture with pretty lousy ethics and morality. This is how this was supposed to play out and everyone here (on HN) knew that.…
Sure, but the same could be said of Tesla. Horrible employer, constant exec churn, unbelievable cash burn, what appears to be structural losses.... But Tesla still has a 56B mcap today. Uber is 46B. These VC/equity issue cash furnaces can go on longer than most can fathom if a subset of investors believe in the long term vision.
Elon has overpromised many times in the past - and probably it won't happen in 2020 but I still believe that Tesla is leading the driverless competition. They have the data.
Re: Uber Sinks to New Record Low as IPO Share Lockup Expires
#198Earlier quoted context omitted.
I dunno, but I wouldn't read too much about employee sentiment into this. Say you have $150k in savings and $x million in Uber stock. Any competent financial advisor is going to get you to diversify out of Uber. You'll miss upside, but prevent that $x million from potentially going to zero based on the actions of just one company. Also... goodbye sf housing market :(
> Also... goodbye sf housing market :( That ship sailed a while ago, no?
Another 1k millionaires looking to buy a house is horrific.
Re: Uber Sinks to New Record Low as IPO Share Lockup Expires
#199Earlier quoted context omitted.
It's not successful though. WeWork is still valued at 47B technically speaking today. They are a company that only loses money, has a horrid culture and does some morally reprehensible things. Their true value is their logistics software. If they would lease/sell that to other industries they would be rich beyond belief.
Private valuations are not the same as public ones, especially one post-earnings and post-lockup.
Every private company tries to turn those private valuations into public ones at IPO.
Re: Uber Sinks to New Record Low as IPO Share Lockup Expires
#200Earlier quoted context omitted.
> Also... goodbye sf housing market :( That ship sailed a while ago, no?
Another 1k millionaires looking to buy a house is horrific.
Is that going to materially change the ability of a non millionare to purchase a house in the bay area? Honest question.
If in effect they are all going to compete with each other an other (mostly IT) millionaires for housing and pay slightly more, it doesn't seem like a real shift.