Uber has >2bn shares outstanding and every year shareholders get diluted by addtional c100m shares. The buyback you mention buys back 20m shares, that is next to nothing. No thanks!
Like he wrote "the dilution just stopped recently" and yes, the amount of buybacks is right now just a drop in the ocean. However, with growing cash flows could rise substantially. That is his bullish case on Uber I tend to agree on.
Great analysis. FSD and flying taxis will take longer time to diffuse than many think. I remind people that Tesla hasn't started FSD in the wild yet. Flying taxis sound cool, but at the same time, how long will it take to mature into a meaningful business?
I also note the UAE. The Middle Eastern country wants to participate in all things new and cool. Where is Europe? Why can't, for example, German politicians attack the ball more? German politicians want to pass the ball to players' feet. This is not how Meinschaft has won the World Cup. The ball has to be passed in rooms that your team members can exploit. Germany is standing still.
Uber has >2bn shares outstanding and every year shareholders get diluted by addtional c100m shares. The buyback you mention buys back 20m shares, that is next to nothing. No thanks!
Like he wrote "the dilution just stopped recently" and yes, the amount of buybacks is right now just a drop in the ocean. However, with growing cash flows could rise substantially. That is his bullish case on Uber I tend to agree on.
Great analysis. FSD and flying taxis will take longer time to diffuse than many think. I remind people that Tesla hasn't started FSD in the wild yet. Flying taxis sound cool, but at the same time, how long will it take to mature into a meaningful business?
I also note the UAE. The Middle Eastern country wants to participate in all things new and cool. Where is Europe? Why can't, for example, German politicians attack the ball more? German politicians want to pass the ball to players' feet. This is not how Meinschaft has won the World Cup. The ball has to be passed in rooms that your team members can exploit. Germany is standing still.
Flying taxis is The Worst idea ever. 9/11s every day - drunk driving