Lance Armstrong investment in uber

GRULSTMRNN said:
You are dreaming. First of all uber is on the retreat all over Europe and Asia. In most Asian markets they were forced to give up and sell their business to regional operators. Lots of unionized taxi pressure in Europe. Then your 2 dollar assumption is wishful thinking at best. The place I love Uber already charges more than taxis and a 2 dollar raise will entirely kick them out of the whole market. I am speaking of HK. According to travel experience this picture is very similar in other cities outside the US. I believe Uber has very limited growth potential and ultimately they will fail against either regulators that are in the pockets of taxi operators or much more powerful competition. Look at China where Uber got badly beaten up. Their entry into food deliveries is equally failing.
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I attended a Bar Camp a few weeks ago where presenters give technology related talks. One of the talks I attended was entitled "The myth of the Unicorn" regarding startups and the speaker talked about Uber...specifically how so many people are invested in Uber pre-IPO and that in order for them to make money on an IPO, Uber requires a very high valuation for the IPO. The problem is that in order to justify a very high IPO valuation, Uber would have to show a path towards profitability which they do not have.
 
d08 said:
Tell that to the guys who didn't inject and lost over and over again, even though on equal terms they were probably better than Armstrong.
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My point is that those very same cyclists could have doped just as much as he did and not even come close to what he accomplished. Recovery time for the most part is why they dope. It doesn’t make them want it more. Do you ride? In a training capacity? Like a tri perhaps? If not stick to trading lol. Jk happy Friday.
 
Agree, at least I don't see it. Amazon comes to mind, they made losses for many years but each year they came out with new features and ways to improve the shopping experience with hard to imitate things. Above all they showed an upward sloping trajectory towards breakeven and ultimately profits. I also don't see that playing out at Uber. My take is they will go down the same route as SNAP.

fan27 said:
I attended a Bar Camp a few weeks ago where presenters give technology related talks. One of the talks I attended was entitled "The myth of the Unicorn" regarding startups and the speaker talked about Uber...specifically how so many people are invested in Uber pre-IPO and that in order for them to make money on an IPO, Uber requires a very high valuation for the IPO. The problem is that in order to justify a very high IPO valuation, Uber would have to show a path towards profitability which they do not have.
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