There's limited upside because most of the growth is gone, but there's still value in the same way Unilever has value. The problem is they're priced for hypergrowth. That said, Uber's still experiencing some growth.

Ugh, old data, but https://s3.amazonaws.com/cbi-research-portal-uploads/2019/05...

A successful company will have a trajectory like a sigmoid function (see above). The problem is IPO investors want in when growth still looks exponential.