Following a time of severe disappointment for investors following its May 2019 IPO, this transportation-as-a-service stock has been soaring, up an incredible 120% in the last year alone. Is this the best moment to buy ?
Out of curiosity, has ’s inclusion to the S&P 500 changed your opinion at all?
Yea good point - I’m seeing growth that’s why I indicated Uber over anything else (Uber Uber alles - I know I’m lame :))
Jokes aside their business model proven to work perfectly globally with relatively low operational headcount.
Again the only problem for further expedited bizdev is the regulations and big investor trust due to this.
There’s also some local competition - governments are trying to localize their own Uber like solutions particularly in Europe and some developing countries in Latin America and Asia.
Since Covid any gig economy stock has been off my radar due to higher regulation, increased competition and decreasing margins.
Businesses are prone to massive downturns (loss of revenue, income, mass layoffs) due to regulatory environment in all of the Western world.
This said though, I still think Uber over DoorDash, Airbnb, Fiverr, Upwork and Lyft has so much more global potential and larger market scope.