Post# 1557767361

Uber dropped 10% today touching $35. It's IPO a few days ago was at $45. And many of the purchasers were Uber drivers, who believed it would touch $60 on opening and later max out at $100.

What's in it for us? Not much. Other than the fact that Saudi sovereign fund, which was created to diversify it's oil dependence invested $3.5B two years back on Uber. And now its loss stands at half a billion.