"We looked at it 18 months ago or so...it was private," Buffett told a group of reporters ahead ofWhen pressed further, Buffett said "I wouldn't comment on any new issue."
Monitors display Uber Technologies Inc. signage in front of Morgan Stanley headquarters in the Times Square area of New York, U.S., on Friday, April 26, 2019.Uber is set to go public this month and its underwriters have set a price range of $44 to $50 a share,at $83.8 billion on the high end of that range. Uber last raised money in the private market at a $76 billion valuation.
Some investors, including many who follow Buffett's value philosophy, believe the stock is going public at level which is already overvalued. NYU Stern professor Aswath Damodaran
Uber is a cloud user with an army of disgruntled minimum wage drivers who don’t understand the actual cost of wear & tear. The business model for an Uber driver resembles a laundromat where equipment replacement drains profits while giving a false sense of profitability