Author Topic: First Twitter and now Uber  (Read 283 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 Justin Kissel

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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 »
"I try to be good hard worker man, but refrigemator so messy... so, so messy."

Offline Justin Kissel

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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 ??? ;)
"I try to be good hard worker man, but refrigemator so messy... so, so messy."

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

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.

Offline Justin Kolodziej

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Re: First Twitter and now Uber
« Reply #6 on: June 07, 2014, 01:52:52 PM »
Where even the last two or three are gathered in His name, He is there in their midst.

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