NYSE:UBER   UBER TECHNOLOGIES INC
I dont use them, but I will buy them! Such a great set up

Comments

Hey Dejan, actually no because Facebook isnt a commodity business, it is a tech company. Uber is a commodity business where cost is the driving factor in it's success. Why did Uber/Lyft take over from cabs? Because of the cost structure of cabs. Additionally, the growth for FB was really unlimited while with Uber/Lyft it is or will be limited due to congestion issues in major cities. My point is Uber and Lyft will find growth where the most people live. You can only add so many vehicles before congestion becomes an issue. If you believe Uber is a tech company I would stick with it...........to me it is a commodity company
Reply
I sure hope you didn’t buy on day you posted this or you’d already want down over 10%
Reply
DejanDjekic grubby1220
@grubby1220, I am down 8% in this one position with 100 stocks. Mainly I don't trade on a daily basis, especially stocks, so I can wait, or compound like in this one but new one position will be on Monday
Reply
Wow, my idea of a “great set up” and yours are not even in the same galaxy. Nothing about their business model is sustainable. Their rapid growth stage is over.....for good unless they want to make very expensive acquisitions. Dude, the only stock that will be as bad as Uber is WeWork. You can have a great idea but a terrible business. That’s Uber
Reply
DejanDjekic grubby1220
@grubby1220, Maybe, we will see. Still, there is no space for panic in my case...
Reply
Antoine974 grubby1220
@grubby1220, that's exactly what peaple said about facebook. IPO at 38, went to 18. Then 50 one year later, today 180. Don't you think it could be the same ?
Reply
grubby1220 Antoine974
@Antoine974, Sorry Antoine I didnt mean to not answer you directly. Thanks - long story short to me Uber/Lyft are commodity companies driven only by price. Once autonomous cars actually happen, Chevy, Ford and I believe Tesla have already announced plans to get into the ridesharing game so the cost savings they are discussing wont happen. Facebook is the exception. Another company I will be short on in every possible way is WeWork. They said they are considering cutting its valuation to $20B for IPO. Maybe at $20MM I will buy it
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out