By Uber’s own standards, its IPO — valuing it at some $82.4 billion at the time it started trading — was already an abject failure. And then two days of heavy selling ensued.
The debate in the financial press today is who is responsible for setting “an incorrect IPO price” for the highest priced private deal in Silicon Valley history.
Here’s a novel hot take: Uber is. And like most things in Uber’s history, it was entirely self-inflicted and entirely unnecessary…