Key insights
- The author expresses a bearish sentiment on Uber ($UBER), citing aggressive deal-making as a sign of desperation and potential bankruptcy. They highlight concerns about excessive cash burn and view these actions as a negative signal, leading them to sell their holdings. This could negatively impact investor sentiment towards Uber.
Uber is desperate, they are handing out deals like they were Oprah handing out gifts. They’re throwing darts all over to find the one that will keep them from going bankrupt. Good luck to all the $UBER holders. I was previously one, I sold once my investment doubled quickly.
That’s the wrong approach. Just burning cash. I’m glad I sold before, if not these deals would’ve made me sell now.
Partnerdhips/Acquisition/mergers/buyouts like how uber is doing, happen once they are getting desperate and see bankruptcy in their future