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But the bull case for those battered stocks is pretty strong.

Uber and Lyft aren’t going away. And they’re growing like crazy. Gross bookings on Uber rose 160% from 2016 to 2018.

They’re changing social behavior the way Facebook, Apple AAPL, -0.07% Amazon AMZN, +0.10% Netflix NFLX, +0.10% and Alphabet GOOG, +3.91% GOOGL, +4.08% have done. Thanks to Uber and Lyft, a growing number of people no longer have cars. It’s now viable to live without a car in most U.S. cities and many suburbs.

There’s a good chance money managers will soon stop talking about the “FAANG” stocks — those listed above — and will start talking about “FAANGU.”

https://www.marketwatch.com/story/sorry-bears-ubers-bad-ipo-…" target="_blank" rel="nofollow ugc noopener">https://www.marketwatch.com/story/sorry-bears-ubers-bad-ipo-…

 
aus der Diskussion: The less bumpy way to ride e-commerce = Rakuten
Autor (Datum des Eintrages): FlankerStan  (16.05.19 11:32:44)
Beitrag: 2,861 von 10,809 (ID:60582642)
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