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Noah Smith: Uber market capitalization lower than Facebook at 2012 IPO

Noah Smith: Uber market capitalization lower than Facebook at 2012 IPO
Uber lags Facebook 2012 IPO market cap

Noah Smith, columnist / economist at Bloomberg Opinion, observes that Uber's current inflation-adjusted market capitalization is lower than Facebook's at its 2012 initial public offering.

Smith adds that the social-mobile boom of the 2010s did not meet high expectations.

Smith previously reported that rent in America is becoming more affordable, reflecting a shift in housing costs. The trend marks a notable change from recent years. These observations add context to Smith’s recent focus on market valuations and expectations in the tech sector.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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