Sam Parr

But if you don't have the constraint of financial viability, you can lose money to create the perception of liquidity.

You can pay drivers to be present when they wouldn't naturally be there.

I get it.

And it wasn't until Lyft went public first, which is probably the best thing that could have ever happened to Uber, where Wall Street held them accountable for being profitable.

And it's at that point when things really tipped and where Uber was able to then take advantage of the network effect and being larger and now spits off well north of $10 billion a year in free cash flow.

That's how big it is now?

That's insane.

I made a prediction about the market cap.

It had a bunch of ranges.

I don't have it in front of me, but Dara got it to $200 billion market cap, and I don't know if that was in.

I assume you're referring to the blog post I wrote.

No, I haven't.

Oh, okay.

What did you say?

There was a professor at NYU that wrote a blog post that said it would only be worth $4 billion, and I pushed back.

Not at that scale, no.

Yeah, that was insane.

Insane.

There's a lot of fear out there.

Just remember, Warren Buffett said, be greedy when others are fearful.