Reply to post: Re: Doesn't work but it was free

What's that? Uber isn't actually worth $82bn? Reverse-gear IPO shows the gig (economy) is up

Charlie Clark Silver badge

Re: Doesn't work but it was free

I think you'll find that the IPO made a lot of investors a lot of money. Once they've sold they don't need to care about profits or the share price. With any luck the company will crash soon enough and they can buy it cheaply, or bully another company into doing so.

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon


Biting the hand that feeds IT © 1998–2020