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Uber’s PR team probably rushed the news out right after Lyft’s IPO announcement to make sure that investors would spend as much time to consider its prospectus as they do Lyft’s.

The possible market crash in 2019/2020 predicted by quite a few prominent economists and approximately $1 billion a quarter burn rate [1] have for a while been major reasons for their upcoming IPO.

[1] https://www.bloomberg.com/news/articles/2018-11-14/uber-reve...

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There are enough economists that every possible prediction gets made. You shouldn’t lend credence to those who sow fear.

IIRC, it was a survey of at least almost a hundred economists and 80% said by 2020.

I also read reasonings by Roubini who predicted the 2008 Great Recession correctly and Martin Feldstein at Harvard. They sounded quite convincing.

Interestingly, I did not encounter any opinion by an economist that it is unlikely to occur before 2020.

The flurry of upcoming IPOs is also partial evidence of what top VCs and executives at major tech startups think.

Ok. so what is the cause of this great recession? Nafta? China? What?

Rising interest rates and corporate debt, at a guess.

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