We joined CNBC on Thursday, May 9 to provide details on Uber’s IPO and its unrealistic valuation.
Uber is expected to IPO Friday amid driver strikes and Lyft’s (LYFT) shares falling. Uber’s large losses are widely known, and we’ve outlined why the firm may never make money here. So how can Uber even begin to justify its lofty valuation? It can’t.
This article originally published on May 9, 2019.
Disclosure: David Trainer and Kyle Guske II receive no compensation to write about any specific stock, sector, style, or theme.