For Uber and Lyft, the Rideshare Bubble Bursts

Re:For Uber and Lyft, the Rideshare Bubble Bursts by apahwa on Sunday October 17, 2021 @04:21PM (#28899449)

they don't need to justify there existence, they need to justify their market cap. they attained that market cap via the dreams outlined in your article quote - it is reasonable to then question the value of the stock.

all companies have to justify their value - some have less clear justifications and that means more discussion. this isn't the conspiracy you make it out to be.

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Re:For Uber and Lyft, the Rideshare Bubble Bursts by coralreef on Sunday October 17, 2021 @04:34PM (#28899543)

Technically they don't need to justify their market cap, the market assigns their value for them by trading their stock.

There's no need to "argue" a companies value, you speak best by shorting/longing.

[ Parent | on HN ]

Re:For Uber and Lyft, the Rideshare Bubble Bursts by dartharva on Sunday October 17, 2021 @04:40PM (#28899601)

>they need to justify their market cap

Why? It's market forces controlling the price, they aren't driving the hands of players.

[ Parent | on HN ]