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A comment on Uber Lays Off 400. Parent comment

Re:Uber Lays Off 400 by HNisCurated on Tuesday July 30, 2019 @06:59AM (#20563674)
This is why I'm staying out of much of tech and the current stock market.

We were taught as children the market returns 7%/yr. People took this too seriously.

This has all the signs of the housing bubble.

[ Parent | on HN ]
Re:Uber Lays Off 400 by goseeastarwar on Tuesday July 30, 2019 @07:52AM (#20563969)
In the meantime, the market is up 20% since January and PE ratios for the largest companies are still reasonable. Uber’s success or failure has no bearing on the broader health of the market.
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