[beager]

> IPO is good for Uber - not for society though, who will be the ones to capture the losses.

I agree with the sentiment, and it baffles me that public markets would consent to shouldering these losses, presumably by overpaying for Uber at and after IPO and riding it back down to sane levels.

[loceng]

It's the controllers of large pools of money who simply make money off of transactions and who are separated from accountability, responsibility, or even caring about incomes who are making the bad decisions.