Been thinking about investing in Uber ($44.52) and Slack ($34.09)... anyone here invested in one of these two? What’s your take on it?

likefunny
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Let me summarize the risks section of Uber's 10K for you:

- We don't turn a profit and we might never. In fact our cash burn rate is just as bad as the day we started.

- If we want to actually turn a profit we'll have to somehow convince our customers to pay significantly more for the exact same undifferentiated ride experience our competitors offer.

- If we can't convince our customers to pay more for the exact same service, we'll need to become the world's greatest operations gurus and realize efficiencies that don't and might never exist.

- People who aren't our employees are suing us because the want to be our employees and this is bad because if our not-employees are become actual employees then the cost of benefits we'll have to pay will bankrupt us.

likeuplifting

^this

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...because the absolute share price is significant in any way

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Because I knew that more than half the people who read the post were going to pull up google, and search the share price prior to posting a response... saved people a step in the process, that’s all.

likehelpful

I have put Uber at limit buy @ $36

likefunny

I rest my case :)

I assume markets are pretty efficient, and pricing is about fair. Active management increases variance, and you’re likely to falsely attribute upside to genius and downside to bad luck.

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Uber has built an amazing company / cash burning machine....

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