Uber will be lucky to have a market cap over $50 billion by the end of the week. Just wait until options are available and the insider lockup period expires. Look out below!
Why Uber may still be worth $100 billion-plus even after its embarrassing IPO
Why Uber may still be worth $100 billion-plus even after its embarrassing IPO
https://finance.yahoo.com/news/why-...ven-after-its-embarrassing-ipo-121243553.html
"We are not worried the stock is turbulent today on its first day of pricing and we continue to believe on a sum of the parts valuation this stock is worth a $100 billion+ and we would be buyers here despite the choppy tech tape and general market worries," Ives contends. "We believe this weakness in shares of Uber will be not be elongated as the core value of this franchise is markedly higher than these levels in our opinion."
https://finance.yahoo.com/news/why-...ven-after-its-embarrassing-ipo-121243553.html
"We are not worried the stock is turbulent today on its first day of pricing and we continue to believe on a sum of the parts valuation this stock is worth a $100 billion+ and we would be buyers here despite the choppy tech tape and general market worries," Ives contends. "We believe this weakness in shares of Uber will be not be elongated as the core value of this franchise is markedly higher than these levels in our opinion."
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I agree, but this is going to be a slow burn.We'll see. I say it would still be WAY overvalued at $50 billion.
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