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uber this is Morgan Stanley posturing they don't want they kind of want to say it's hoppin us what does what does importance they want to do it they want to open it price that big accounts say you know what I'll a birch up and buy use the green shoe to try to use this allotment to try to keep retail from blowing this thing up to a hundred David the drivers are being hurt by the price of gasoline going on five point nine percent yeah well and there were many number of them were on strike a lot of you know stop we're gonna have plenty of time to talk about the long-term prospects for uber but I haven't really heard you sort of weigh in yet on what your expectations are this is a company that's gonna lose money for years to come it has lost money for its entire history and has raised more money than any company I think ever prior to going well you know there's a lot of convertible money going around where I believe that you could easily short stock if you're not careful against the convert David I think the stocks worth 50 bucks you know what who cares that's what you know twice I mean if the Bulls are focused on 20 percent even tommmartens down the road you get a twenty billion dollar revenue number and can raise prices and then again Ray's got five billion in EBIT die you throw multiple on that and it's growing still but I don't know prove they can make money right this is not something with some of these companies that have come public they actually have prospects but they're selling it thirty cents at zum-zum is not such a great car but for Cisco does it okay but Cisco sells at very low multiple Jim sells at Highland Damon but the public anybody who's taken uber may be tempted to buy uber and that's what I think Morgan Stanley's most worried well if anybody bought lyft are they gonna be tempted to buy Hoover a wheeler lift and lift off on a day after another really poor day yesterday following earnings and just concern about guess they've sold enough about their cash burn just how much money they're going but it didn't people know that these companies were losing tremendous amounts what were they thinking but they thought that you were incubating you're gonna come out with a lot of money no they wouldn't even come public they're making us doesn't set a great day uber I mean we've said all along that Hoover was very focused on lyft in terms of wanting it to be successful in the marketplace because it would it would ultimately help its valuation it's gone the other way how many times did I come on this show and say this is gonna be a horrendous week the uber week over and over again I said they have to remember it has to raise capital participate in uber I think you'd be able to short uber by it by using derivatives the whole thing coming at the same time yes the chest at 12:01 Cinderella deadline yeah with that you know Cinderella not being there David this is fraud then we'll get through it right it'll be a bright bright sunshiny day when we're finished with this just put on your Buffett hat with getting 80% and Vicky Vicky out Wow what are your Buffett hat and he's gonna say hey listen what's the difference now of course if you're rich like he is it really doesn't matter but you can wait sit on your hands let them take the market down then buy I quality stocks how is that wrong how is that wrong I told you over and over again to raise money cuz this was gonna be a horrendo surrender week we didn't know about the Panama City doctrines it's it's like it's not a great rendus I mean so far I don't know what's horrendous what are we down for the week LLL introduce earth you know he'll stop it when he feels that Boeing's down enough well Boeing is down again today but it was up one point you know he feels about Boeing he says listen you got a lot of orders all over the place you keep saying that forget it I'm not helping you caterpillar he said come on be careful is only 5% China the president is president doesn't want you to do business in China when are people going to understand that he's okay with Nike his Nike sport is supported by the Ministry of sport which sounds like something for more well it Ministry of split does hey how about the ministry invite or no well the only media yeah but but David and Starbucks is not gonna be hurt by the lock-in deal but they're they're spending like seven dollars per cup of coffee to build their business lot's of luck so I alright son of course we keep watching the Dow even though well the vice-president watches the Dow he's neither didn't the S&P if he's in the SP would be a whole different formulation well I am the SP though is sounding almost exactly the same as the Dow percentage Chinese auto market to many companies including 3m yes are huge in the Chinese auto market the only torts which hasn't been hurt at all before I want to just come back to Ober and then move on in the sense of their ability to make money has been impinge to a certain extent by all the competitors who are raising money from their largest investor Softbank how much hafsat goes around giving money to everybody which enables them to compete more fiercely against doober in various market they're making money yes the the the vision fund has done well in fact so well that they are now talking and he said this during the race hey you can take a look at this office to see some tape I'll give you some table - but who masa did discuss masa son did discuss the possibility of or even the likelihood of raising another vision fund this is something I did ask him about when he and I back it was that an end of March I think take a listen there are lots of interest that I am receiving that they would like to invest into our next investment you think you could do it again there's another 100 billion dollar fund I would say what is a size but I'm getting a lot of inbound call that they they would like to come into our new investor into us imagine if he succeeds in doing that Jim the amount of capital that then will be available to all of these companies that have yet to go public that will allow them to continue to lose money for extended periods of time well one of the things that's great is this day you always hear from these entrepreneurs in if they'd only let me lose some money so I can only dominate by Jeff Bezos so I mean there is only one Jeff Bezos we should break up the Amazon Amazon this break apart of mr.
useless discussion David therefore one time all we cared about was the foreign companies were killing us so then we suddenly have these fabulous companies that are really dominant and now we have to worry that our own dominant companies you're killing us shouldn't we be proud yeah but you know what any trust law worked pretty darn well in this country for a long time also it is not stand there rolling where you can't get gasoline from anybody else break up Standard Oil where's I don't think TR would break up Facebook do you have no idea what TR would do I read a lot about I'm sure you have you
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