Uber is a Pump and Dump (on the Chumps) stock scheme.
Last week, Uber put out a press release that said they were valued at $30 billion. Several media outlets published articles with that $30 billion number; here's an example: According to various sources, Uber is about to go for another financing round with the intention to raise an additional $2 billion
In a new round of funding, Uber is likely to raise another $2 billion in addition to the $1.6 billion it has raised to date. The new round will value the San Francisco-based ride-sharing service at a whopping $30 billion, up from its $18.2 billion valuation from the last round of funding.
Think about that $30 billion "valuation" for a moment, and compare it to the valuations of other transportation companies. Norfolk Southern railroad has a market cap of just over $35 billion, while Delta Airlines has a market cap of just over $36 billion.
Uber is a mobile app. Does anyone here think that app is really worth 85% of a railroad that *owns* 21,500 route miles of fiber optic right-of-way (with railroad tracks on top) in 22 eastern states? Does anyone really think a ride sharing app is really worth 84% of an airline that operates 5,400 flights daily over an international network that includes 333 destinations in 64 countries on six continents... and has its own mobile apps?