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I think that is part of the big disconnect between private and public markets. The public market has been valuing simplicity in business models lately with old conglomerates like GE, Honeywell, Phillips, and UTX selling or spinning off units. The private market has been valuing potential and multi industry domination to some extent. Some companies like Apple, Amazon, and Microsoft have been able to have multiple avenues, but this has come after multiple successes, and what I would classify as cleaner underlying objectives.

At this moment in time, Uber and Lyft would be better served proving the underlying unit economics work to receive a better public market price. I think if both could show meaningful progress in this regard, it would help stabilize their stock prices.

As of right now, the stock price has dropped even further to $37. This is a brutal day for Uber stock holders.

> Uber already was valued at $80 BILLION

yes, but remember, that's a valuation based on how much of the company was sold off and for how much. $80bn hasn't been poured into Uber, just a fraction of that. Still way too much, but nowhere near $80bn.