On the flipside: if you're a person that's convinced Uber should be valued at a fraction of what it is and you're not shorting it, why aren't you?
You might argue the market will remain irrational, but this is unlikely to be the case for 25+ years. This should mean that most people set against the Uber IPO should hold a short position with at least a small portion of their net worth. Doesn't seem like this is the case.
You might argue the market will remain irrational, but this is unlikely to be the case for 25+ years. This should mean that most people set against the Uber IPO should hold a short position with at least a small portion of their net worth. Doesn't seem like this is the case.