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    Howard Yu

    Howard Yu

  • Why Uber’s business model could come undone after its IPO

    The investment thesis inspired by the platform economy of the past—winners take all; competition is for losers—cannot hold.

  • Why Uber’s Business Model Might Come Undone After IPO

    If any new understanding about the nature of platform companies is to materialize in 2019, it will be because of the extreme over-valuation of Uber, on full display this week. Uber's valuation at IPO this Friday, based on its tentative offering price, will be $84 billion. The company is seeking to raise as much as $9 billion, and is expected to be the year’s biggest U.S. IPO.