Warren Buffett ‘looked’ at Uber investment, but passed

XPG

Well-Known Member
More than a year ago Warren Buffett looked into investing in ride-sharing company Uber, which is going public this year at a valuation above $80 billion.

But the legendary value investor passed.

 

Bob Reynolds

Well-Known Member
More than a year ago Warren Buffett looked into investing in ride-sharing company Uber, which is going public this year at a valuation above $80 billion.

But the legendary value investor passed.


Could it be that Uber has no real assets and doesn't make money?
 

goneubering

Well-Known Member

freewilly

New Member
Uber, which is going public this year at a valuation above $80 billion.

Uber drivers and riders will move on to other opportunities as long you offer them a better financial alternative - which won't be hard. After that whats left is Uber technology which can be replicated in 6 months with a 100 member programmers/developer team costing you about $10M.

What exactly worth $80+ billion?
 

Ballermaris

Well-Known Member
A good reason Warren did not want the IPO is that the company is going to bomb on any shares sold. He is looking at a company that is in limp mode. There is only so many people who will do Lyft or Uber, some do both, I do only Uber just out of practicality reasons.
With the one day strike looming, (which I will NOT participate in and will drive that day regardless), you are accepting the conditions of payment to work there for what is for me a part-time GIG.

Mr. Warren sees the company as a part-time GIG company fulfilling a short term employment opportunity, and it was never really meant as a full time opportunity either.

If people are angry over the pay, go find another job that will pay better. The unemployment rate is very low. Don't have the life skills needed? Go to you local state training programs, some are absolutely free and even offer well respected degrees.

Along that line, the economy is not going to keep going, despite the demands of the Dictator Wannbe who is in the White House. Get prepared for this too. When the economy tanks, prices increase in certain sectors. Gas prices will climb even further. Some states could see $6 gas, and I doubt many Lyft/Uber drivers with the current pay scale will be able to afford that.

This is what Mr. Warren see's. He knows how the economy works, unlike the Dictator with 6 bankruptcies. Neither Lyft or Uber could survive when even riders will bypass them in favor of public transit that will be cheaper. Warren has likely privately acknowledged that.
 

IR12

Well-Known Member
More than a year ago Warren Buffett looked into investing in ride-sharing company Uber, which is going public this year at a valuation above $80 billion.

But the legendary value investor passed.

Mr. Warren Buffett single handedly saved BANK OF AMERICA & GOLDMAN SACHS.

If there was money to be made Mr. Buffett would have not only invested, he would invest so deeply Uber would have had to never look back.
 

Lee239

Well-Known Member
He's a smart guy, anyone who is dumb enough to invest in companies that are grown and should be doing well and are still losing billions is an idiot, that and the fact that they tell you they don't see how they can ever be profitable.
 
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