At the current share price, no, it's probably not. It's the weak version of WeWork. The company is wildly overvalued based on growth expectations it can't possibly meet after a history of investor-driven mania. But the business model is solid. Pervasive gig-sourced drivers across the world with a universal interface is absolutely what the market wants.
Uber the company may be in trouble, but Uber the brand will be driving people around for decades to come.
Uber the company may be in trouble, but Uber the brand will be driving people around for decades to come.
I still wouldn't buy them right now, though.