91–100 of 205 posts
Travis Kalanick and Adam Neumann should co-author a book entitled "Making Billions - No Profitability Required".
Your company doesn't have to make a profit for it to be (legitimately) worth a lot of money...Amazon is a great example.
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> 37% down since IPO isn't great basically every company drops from their IPO. indexes and funds and such don't include them for months (6? or more?) in order to give that a chance to settle out.
"basically every company drops from their IPO" is not at all true, hence the downvotes.
basically every comment drops from their IPO
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> Co-founders are supposed to have confidence in the business they built - if they don't, why should other investors? But what's in it for the co-founder? Usually it's that they have lots of power over the company, e.g. being a CEO, and have more freedom than someone who still has to prove that they deserve that power. Jeff Bezos for example "only" owns 100 billion USD but controls a 800 billion USD company, with the…
There are realms of wealth. Even 100m is not enough to comfortably afford a private jet. Several ultra wealthy like Bill Gates diversified a billion dollars from their company which seems to be about the limit where more money mostly becomes an abstraction. One example is people who actually own mansions generally live in a relatively small space inside. You can only really use one room at a time and walking around t…
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Although you make a good point about general portfolio diversification, the difference between a "normal" employee and a co-founder is fairly large in this instance. Co-founders are supposed to have confidence in the business they built - if they don't, why should other investors?
> Co-founders are supposed to have confidence in the business they built The business they built and still either run or largely preside over, however Travis was ousted— I'm not sure he'd agree with their current direction as a result.
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the markets are at all time highs Isn't the world economy built on the idea that markets will always go up? Every year should be an all time high, otherwise we're in recession which is (apparently) tragedy to be avoided at all costs, no?
It's not just that it's at all time highs. PE ratios are also at all time highs: that's the Price to earnings ratio. There's a number of indicators right now that are at all time highs like the Warren buffet ratio (GDP/earnings), all pointing saying this market is really expensive. This is the most hated bull market ever. None of the experts are buying heavily into this market (it's all stock buybacks that's driving…
Interesting that the currrent CEO is buying Uber stock while founders are dumping it. It's unclear whether the stock Dara Khosrowshahi is buying comes at a discount, though.
Insider stock purchases (price and quantity) have to be disclosed to the SEC. His last purchase was 250,000 shares @ $26.75.
https://www.nasdaq.com/market-activity/stocks/uber/insider-a...
Also interesting to note Travis was able to execute options for $0.61 in May, and turn around and sell the shares at market.
From TFA: > The 43-year-old’s remaining stake in the ride-hailing company now constitutes about a fifth of his $3 billion fortune, according to the Bloomberg Billionaires Index, down from about 75% before the lockup. To be fair, if I had 75% of my net worth in a single asset, I'd also try to diversify. My wife and I both have lots of stock in the companies we work for, due to RSUs and employee stock purchase programs…
[1] https://www.marketwatch.com/story/dont-invest-in-your-compan...
[2] https://www.forbes.com/sites/maggiemcgrath/2013/10/22/how-mu...
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> Co-founders are supposed to have confidence in the business they built The business they built and still either run or largely preside over, however Travis was ousted— I'm not sure he'd agree with their current direction as a result.
He's still on the board...