Re:Uber, losing billions, freezes engineering hires
by GVIrish on Sunday August 11, 2019 @08:24AM
(#20667831)
Investors have been massively wrong before on all kinds of things which has led to market crashes. So the fact that some investors believe Uber will become a strong, profitable business in the foreseeable future doesn't count for much.
The market is not perfectly rational. It's vulnerable to hype and there's a lot of money to be made by exploiting that hype and selling before the bubble bursts.
At least you could try to explain how you think it is that so many are mistaken about something so elementary that it fits in two short paragraphs.