Any Views On Uber?

Discussion in 'General Trading Discussion' started by longtermbull, May 10, 2019.

  1. Chartman

    Chartman Senior Investor

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    I think Uber is the main player here but how investors react with the ongoing Chinese trade war and concerns about competition in the sector is anyones guess just now. I still struggle to get my head around the fact a company valued at circa $80b will not make a profit in the foreseeable future (if ever). Its not as if it could "switch off the investment tap" and the profit would pour in.
     
  2. gowiththeflow

    gowiththeflow Senior Investor

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    Uber is probably the more likely of all companies in this area to succeed. It has the money, the management has been shaken up and while not everything has gone to plan, it is well set up for the future. The ongoing dispute with drivers is a problem but one which should be fairly easy to solve. Even if this was to add a different layer of cost to the end taxi fare, it would still likely be much cheaper than traditional taxis.
     
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