Uber IPO: another fucking joke

These initial position offering (IPO) are usually a fucking joke. A joke where the owners do LOL a lot and where the super excited buyers don’t LOL at all after a few quarters.

A couple of weeks ago, I wrote about Lyft IPO. Today, it’s Uber IPO and what I wrote about Lyft could very well be applied to Uber.

We’re talking here about a company that’s selling his shares for 45$ (estimated market cap: 82 billion dollars) while the company has a slowing growth and recurring losses. The only hope for investors is to see Uber executives use efficiently the fresh money they’ll get from IPO.

But, so far, executives haven’t done any wonders on a financial level. That’s how I see things. Why should we give our hard-earned middle-class money to already rich people who are unable to make money?

Don’t tell me it’s a good joke. It’s an hilarious joke.