Uber IPO Sends Worrisome Signal About Wealth Concentration

Uber IPO Sends Worrisome Signal About Wealth Concentration

Unicorns have gone conventional. Already this year some major technology companies—including Pinterest, Zoom, Lyft, and Slack—have gone public. Today, Uber joins them. In fact, Uber is the eighth technology IPO this week. This reinforces the other signs of economic strength: low unemployment, faster-than-expected GDP growth, rising wages, and so on.

Great news, right?

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