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SmartTix | 6 years ago

Absolutely, yes. As indicated by the terrible stock performance after the IPOs of Uber and Lyft. This is literally the market in action.

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viscanti|6 years ago

> As indicated by the terrible stock performance after the IPOs of Uber and Lyft.

The Lyft price is down but it looks like Uber has kept pace with the overall market since their IPO. I think we'd struggle to find many people who would define "keeping pace with the market" as "terrible stock performance".

tomnipotent|6 years ago

> IPOs of Uber and Lyft

These two companies do not represent all of tech. They represent ride sharing.

SmartTix|6 years ago

These companies represent bubbles within tech, that we can see are currently bursting.

nathan-io|6 years ago

These are both wildly unprofitable companies, and they may likely never become profitable.

Possibly not the best examples...

SmartTix|6 years ago

Yes, exactly, and yet how did they command such a high valuation?