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by caprese 2603 days ago
doesn't matter, made $8,100,000,000 in a day

should really start looking at this from the underwriter and issuer perspective to understand the success story here. Retail buys ticker symbols that have been marketed to them. Everyone else dumps. Company made a ton of money and can do whatever it wants with it, they gain nothing from secondary market trading today. VCs, founders and employees can't sell for another 60-90 days, but founders can give themselves big bonuses (and employees too but I mean.. lets be honest)
1 comments
dclowd9901 2603 days ago
That's an interesting definition of "made"... assumes the concept of liquidity has no meaning.
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caprese 2603 days ago
> That's an interesting definition of "made"... assumes the concept of liquidity has no meaning.

Thats interesting definition of "literally traded a bunch of shares to underwriters in exchange for $8,100,000,000 and let the underwriters worry about liquidity on the stock exchanges"

Uber has dollars for the shares they sold. Liquidity is not a concern for the party of the transaction I talked about.

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rlucas 2603 days ago
...aaaand, Uber (meaning, the owners of Uber pre-IPO) has less ownership in the business afterwards.

Sure, you can argue that the $8.1B is something "real" that the owners of Uber have more of, afterwards.

But you also have to acknowledge that the business of running Uber is also something "real" that the owners of Uber have less of, afterwards, having traded it in a heavily-scrutinized auction.

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