Main Street Portfolios Are Investing In Unicorns

Ted

FYI: (This is a follow-up article)
With Uber now reportedly valued at $50 billion, there are justifiable worries that some private start-up technology companies worth $1 billion or more — known as unicorns — are in bubble territory.

But don’t worry, the thinking goes. Main Street investors won’t get hurt as they did after the dot-com collapse of 2000 because the current crop of highfliers are privately held by expert investors like venture capitalists. So most civilians will be fine should things turn south this time.

Here’s an open secret: That’s fiction
Regards,
Ted
http://www.nytimes.com/2015/05/12/business/dealbook/main-street-portfolios-are-investing-in-unicorns.html?ref=business&_r=0

scott

The fact that Uber is now valued higher than something like 80% of S & P 500 companies is absurd. I'm sorry, but I'll stick with taxis, which don't have "surge pricing", are cheaper and still work just fine.

Lets all remember this story, shall we?

http://www.businessinsider.com/women-raises-362-to-pay-for-uber-ride-2014-11

Ted

@Scott: I've never used Uber, but a number of people I know, including my son who travels a lot, have nothing but good to say about Uber. My son says that Uber is cheaper than a taxi or limo.
Regards,
Ted