On this episode of Not Rocket Science, we recap the Uber’s rocky IPO from last week and break down both the reasons for such a terrible opening day and our overall skepticism of Uber’s long term investment potential. Everything from their promise of self-driving cars, to the reasons why they have never been profitable as a company to how they have gotten wiped out by start-ups such as Grab (in Asia) and Taxify (in Africa) in recent years gets analyzed with the goal of painting an honest picture of where Uber stands as a company. We also deep dive on their self-made comparisons to Amazon (which was also not profitable when they had their IPO in 1997) and make the case for why the comparison is as shallow as a kiddie pool. Also, there is another NYC weather rant at the beginning of this one (although shorter than usual) since it has been raining like NYC citizens are being punished or something in the past few days.
Have a request, comment, question, or hate rant against us? Don’t buy the Uber hype? Gobblin up allll the Uber stock? Hit us up!!
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