Similar to Lyft, which I reviewed in a post about a month ago, UBER is losing lots of money in order to grow their business rapidly. Also, as has been well publicized, Lyft is down more than 20% from it's first day valuation. It's Deja Vu all over again to the dot.com days as far as I'm concerned.
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And Now the UBER IPO...
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Similar to Lyft, which I reviewed in a post about a month ago, UBER is losing lots of money in order to grow their business rapidly. Also, as has been well publicized, Lyft is down more than 20% from it's first day valuation. It's Deja Vu all over again to the dot.com days as far as I'm concerned.