RE: Uber Trades Today

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Uber Trades Today

in uber •  6 years ago 

I think Lyft would be a better stock (similar concept, but they are actually profitable). In terms of business operations, Uber's still acting like a startup; expand until you can have enough of an economy of scale that you stop hemorrhaging money. If you can do it quickly enough and avoid taking on too much debt, it's a decent strategy. Uber has had around a decade to expand to that level and, uh... I'll pass on this stock.

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