alt Hacker News>or if you just misunderstood the original comment?
Did you? If you keep on reading, the parent comment further implies that both AI companies and uber are "vibes based". But that's hard to square with the fact that 7 years since IPO the share price is up 75%. Of course, you can argue we're still in the irrational exuberance stage, but that just creates a situation where you can never be called wrong.
> But that's hard to square with the fact that 7 years since IPO the share price is up 75%
Uber has severely underperformed the market. Passive S&P500 index funds had a total return of more than double that in the same time period, while also having less risk than investing in a single stock.
Obviously much worse outcomes are possible than Uber's, but it's far from a massive success, especially after all that hype! This isn't to say the old common wisdom about excessive funding rounds was valid, but it's not completely invalid either.