Uber a 'Ponzi' scheme that will be bankrupt in decade claims fund manager - RT

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RT

Uber a 'Ponzi' scheme that will be bankrupt in decade claims fund manager RT “When I look at Uber … I think of it as one of the most stupid investments in history. The probability of this business going bankrupt in a decade is 99 percent,” Douglas said. “All they (Uber) do is keep increasing their private market valuation, and ... Magellan's Hamish Douglass says Uber is a 'Ponzi scheme'The Sydney Morning Herald Australian who runs $37 billion investment fund calls Uber a 'ponzi scheme,' claims it'll be broke in a decadeBusiness Insider Buy Apple, sell Uber, watch Amazon says Magellan's Hamish DouglassThe Australian Financial Review all 6 news articles »

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