Circle November 6 on your calendar. That day, one of America’s most controversial disruptor stocks will likely get crushed.
Rumors will fly that the company is going out of business.
In fact, I wouldn’t be surprised if November 6 turns out to be the best opportunity to buy this beaten down stock ahead of a big bounce.It has revolutionized how people get around, and is one of most disruptive and fastest-growing companies Uber was private for most of its life. That changed four months ago when it pulled off the fourth-largest IPO in world history, behind only Alibaba, Softbank, and Facebook.And that’s a bad sign. Giant, overhyped IPOs rarely live up to expectations.
Consider social media company Twitter . On May 6, 2014, its lock-up period ended. For the first time, nearly 500 million TWTR shares could be sold.
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