Valuations are "stretched" for a number of stocks. These things are cyclical and always work themselves out.
IMO nothing compares with Facebook buying $30 m/yr revenue company WhatsApp for $19 billion. That will probably be the high water mark for this boom/bust cycle. Much like AOL buying Time Warner for $164 billion marked the peak of the 2000 dotcom era.
In addition to global market size possibly being bigger, I believe Uber is capturing a bigger market size by targeting low end cost spectrum. Case in point, I rarely use cabs but have used Uber on and off for rides to places. It may just be me but I believe even in this market alone, the market size is bigger overall.
Add in the fact that Uber is tackling on new mediums like local delivery and the market size gets bigger yet again.
In addition to global market size possibly being bigger, I believe Uber is capturing a bigger market size by targeting low end cost spectrum. Case in point, I rarely use cabs but have used Uber on and off for rides to places. It may just be me but I believe even in this market alone, the market size is bigger overall.
Add in the fact that Uber is tackling on new mediums like local delivery and the market size gets bigger yet again.
In addition to global market size possibly being bigger, I believe Uber is capturing a bigger market size by targeting low end cost spectrum. Case in point, I rarely use cabs but have used Uber on and off for rides to places. It may just be me but I believe even in this market alone, the market size is bigger overall.
Add in the fact that Uber is tackling on new mediums like local delivery and the market size gets bigger yet again.
In addition to global market size possibly being bigger, I believe Uber is capturing a bigger market size by targeting low end cost spectrum. Case in point, I rarely use cabs but have used Uber on and off for rides to places. It may just be me but I believe even in this market alone, the market size is bigger overall.
Add in the fact that Uber is tackling on new mediums like local delivery and the market size gets bigger yet again.
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[ 3.2 ms ] story [ 36.6 ms ] threadIMO nothing compares with Facebook buying $30 m/yr revenue company WhatsApp for $19 billion. That will probably be the high water mark for this boom/bust cycle. Much like AOL buying Time Warner for $164 billion marked the peak of the 2000 dotcom era.
http://www.ibisworld.com/industry/default.aspx?indid=1951
So if this isn't bubbly stuff, Investors must at least be extremely bullish on Uber increasing its market share.
[1] http://www.smh.com.au/business/taxi-industry-warns-of-500m-b...
Add in the fact that Uber is tackling on new mediums like local delivery and the market size gets bigger yet again.
Add in the fact that Uber is tackling on new mediums like local delivery and the market size gets bigger yet again.
Add in the fact that Uber is tackling on new mediums like local delivery and the market size gets bigger yet again.
Add in the fact that Uber is tackling on new mediums like local delivery and the market size gets bigger yet again.