> The answer seems to be that many people feel Uber is a decent investment compared to alternatives.
Yes, but I'm not convinced they think this for sensible reasons. People follow a herd mentality, and invest in Uber simply because others are doing so - if that many people are doing it, it must be a sure thing, right?
I don't think you ever have full visibility into something as speculative as Uber so following the herd is understandable even if it's not likely to yield big returns for most people. Also, I would not discount early investors assuming they can sell out before the levee breaks. That seems pretty rational.
Yes, but I'm not convinced they think this for sensible reasons. People follow a herd mentality, and invest in Uber simply because others are doing so - if that many people are doing it, it must be a sure thing, right?