[dpandya]

On the flipside: if you're a person that's convinced Uber should be valued at a fraction of what it is and you're not shorting it, why aren't you?

You might argue the market will remain irrational, but this is unlikely to be the case for 25+ years. This should mean that most people set against the Uber IPO should hold a short position with at least a small portion of their net worth. Doesn't seem like this is the case.

[YjSe2GMQ]

You can't easily short Uber yet, it is not traded yet. You'd need to find a) a current stockholder that will borrow you shares, and b) a new potential stockholder to buy it from you. And even after it starts trading it'll take a few days for options and shorts to become available.

Tip: if you want to short via options (when options trading becomes available) wait a few hours to let the market makers settle their positions. Source: I've shorted BYND and paid a higher than necessary options premium because I was impatient.

[b_tterc_p]

Bearish because an upcoming recession seems likely to have three effects

1) make money more expensive and harder to justify subsidizing rides

2) increase the supply of drivers.

3) decrease the demand

Less demand, more supply, but possibly higher overall prices due to subsidy withdrawal feels like a dangerous thing

On top of that regulatory pressure to treat drivers as employees could decimate Uber at any moment.

Not shorting because gambling on the stock market is not worth the effort. God could declare the true present value of a company’s future cash flows to be $10/share and I still wouldn’t count on the market to get it right- among other bothers.