Author Topic: First Twitter and now Uber  (Read 715 times)

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Offline SolEX01

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First Twitter and now Uber
« on: June 06, 2014, 11:31:35 PM »
Are we in the midst of another dot.com bubble?  First, Twitter, which has never made profit, is worth lots of billions, and now ride-sharing service Uber, worth $18 Billion pre-IPO....

Quote
SAN FRANCISCO (Reuters) - Uber Inc has raised $1.2 billion from mutual funds and other investors in a funding round valuing the fast-growing rides-on-demand service at $18.2 billion, one of the highest valuations ever for a Silicon Valley startup.

Uber Chief Executive Officer Travis Kalanick announced the funding round on Uber's blog Friday.

http://finance.yahoo.com/news/uber-snags-1-2-billion-172830562.html

These new dot com ventures scare me more than the original dot com ventures of the late 1990's....

Offline Asteriktos

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Re: First Twitter and now Uber
« Reply #1 on: June 07, 2014, 12:21:15 AM »
I hope they bring this to my area, except here rather than being uberx, it'd be uberpodunk. :angel: But it'd have to be faster than the cabs here (which admittedly I don't use often). I've already waited well over an hour for a cab on multiple occasions, even though I was waiting at the busiest commercial area in this part of the county, about 5 miles from where the cab company is based.
« Last Edit: June 07, 2014, 12:24:09 AM by Justin Kissel »

Offline Asteriktos

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Re: First Twitter and now Uber
« Reply #2 on: June 07, 2014, 12:23:29 AM »
But as for investing in such things.... I thought this is what capitalism, banking, government and the legal system were all about ??? ;)

Offline DeniseDenise

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Re: First Twitter and now Uber
« Reply #3 on: June 07, 2014, 12:24:50 AM »
Uber works well in some places....I don't know about its applicability everywhere....but hey
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Offline SolEX01

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Re: First Twitter and now Uber
« Reply #4 on: June 07, 2014, 12:30:47 AM »
Uber would have to start buying taxi companies around the world - the utility industry was deregulated - now it's the taxi companies turn to deregulate.

Offline Alpo

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Re: First Twitter and now Uber
« Reply #5 on: June 07, 2014, 05:11:37 AM »
I like the idea. Hopefully our goverment doesn't forbid it.
But the stranger that dwelleth with you shall be unto you as one born among you, and thou shalt love him as thyself; for ye were strangers in the land of Egypt: I am the LORD your God.
Leviticus 19:34

Offline Justin Kolodziej

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Re: First Twitter and now Uber
« Reply #6 on: June 07, 2014, 01:52:52 PM »
Crist aras! So├żlice he aras! (on West Saxon Englisch)

Offline Alpo

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Re: First Twitter and now Uber
« Reply #7 on: June 07, 2014, 05:40:20 PM »
I like the idea. Hopefully our goverment doesn't forbid it.
too late:

http://www.wtop.com/120/3636415/Va-DMV-orders-Uber-Lyft-to-pull-over

 >:(

I live in Finland. Anyway, I fear that my goverment does the same. :-X
But the stranger that dwelleth with you shall be unto you as one born among you, and thou shalt love him as thyself; for ye were strangers in the land of Egypt: I am the LORD your God.
Leviticus 19:34