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Uber isn't screwed. There are a ton of ways it could become a profitable monster (UBER)

Uber isn't screwed. There are a ton of ways it could become a profitable monster (UBER)
AP Photo/Richard Drew



Uber's much-anticipated IPO was a bust, and that's brought out plenty of Wall Street haters.




Uber could dive into plenty of new lines of business in search of profits. Short-term, its biggest advantage is its size — and the pricing power that comes with market dominance.




Uber is a monster. Now it needs to act like it.




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Uber's unimpressive IPO shouldn't have surprised anyone.
Lyft's share price had already tanked following its debut on the public markets, and Uber underpriced its offering so that it could offer some kind of IPO "pop" and avoid Lyft's fate — and even that wasn't enough to dupe investors.
Beyond the bummer IPO, Uber's once-majestic, mega-unicorn valuation had already been questioned, notably by an early 2018 investment by SoftBank that knocked 30% off Uber's then-theoretical market capitalization of almost $70 billion.
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