Uber IPO

How many Millionaires does this unleash in the market?
Which Areas will these 25-35 Yr old millennials go and buy homes?
Where should we buy a SFH that we can sell to these guys?

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Will be very competitive to do a profitable flip in SF or Palo Alto. Might be better off trying to get something close to their Seattle office.

I thought Uber was doomed? :joy::joy::joy::joy:

Not talking about a flip. Just buy and hold.

Most Uber millionaires will buy in SF. Buy something modern and good looking, not the gloomy mess aka Sunset. :slight_smile:

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Unless they go public soon or in 2018, it is difficult for them to get money. IMO, with current progress we make, we may end up in correction around 2019.

Or, we are going to have another “Facebook” moment. :wink:

Maybe in 2018 instead of 2019???

What’s Uber’s valuation now?

$50 billion?

$48B. What a deal.

Insiders are cashing out while most employees can’t.

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Uber is no longer the biggest unicorn in the world. That honor now goes to China’s Didi.

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SoftBank has previously pumped billions into several ride-hailing companies abroad, including Didi in China, Grab in Southeast Asia and 99 in Brazil.