Uber’s IPO is no ground-floor opportunity. Uber is a giant, overvalued, money-losing enterprise that early investors have already milked dry. Most of the upside is long gone. Early private investors have claimed it all. The IPO a win-win for drivers and customers, but it’s a LOSE for investors.
Uber is certainly disruptive. But as I’ll show you, it’s a HORRIBLE investment.Its IPO documents show it lost $1 billion on $3 billion in sales in just the past three months."Stephen, it's no big deal that Uber makes no money. Amazon made little profit for its first couple of years and it’s been an incredible investment. Its stock has soared 100,000% since its IPO.
Uber’s problem is the fares it charges aren’t nearly enough to cover its expenses. Roughly 80% of a fare goes toward paying drivers and related expenses. This worked for Facebook. In its first few years, Facebook actually lost money. By 2009, it was selling enough ads to earn a profit.
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