Uber Joins Lyft in Race to Tap Investors

Re:Uber Joins Lyft in Race to Tap Investors by nopinsight on Friday December 07, 2018 @11:05PM (#18633856)

Uber’s PR team probably rushed the news out right after Lyft’s IPO announcement to make sure that investors would spend as much time to consider its prospectus as they do Lyft’s.

The possible market crash in 2019/2020 predicted by quite a few prominent economists and approximately $1 billion a quarter burn rate [1] have for a while been major reasons for their upcoming IPO.

[1] https://www.bloomberg.com/news/articles/2018-11-14/uber-reve...

[ Parent | on HN ]

Re:Uber Joins Lyft in Race to Tap Investors by jacksproit on Saturday December 08, 2018 @12:07AM (#18634023)

There are enough economists that every possible prediction gets made. You shouldn’t lend credence to those who sow fear.

[ Parent | on HN ]

Re:Uber Joins Lyft in Race to Tap Investors by nopinsight on Saturday December 08, 2018 @12:18AM (#18634050)

IIRC, it was a survey of at least almost a hundred economists and 80% said by 2020.

I also read reasonings by Roubini who predicted the 2008 Great Recession correctly and Martin Feldstein at Harvard. They sounded quite convincing.

Interestingly, I did not encounter any opinion by an economist that it is unlikely to occur before 2020.

The flurry of upcoming IPOs is also partial evidence of what top VCs and executives at major tech startups think.

[ Parent | on HN ]

Re:Uber Joins Lyft in Race to Tap Investors by sjg007 on Saturday December 08, 2018 @12:45AM (#18634106)

Ok. so what is the cause of this great recession? Nafta? China? What?

[ Parent | on HN ]

Re:Uber Joins Lyft in Race to Tap Investors by disgruntledphd2 on Saturday December 08, 2018 @06:02AM (#18634750)

Rising interest rates and corporate debt, at a guess.

[ Parent | on HN ]