liked kara swisher's point on cnbc, that so much wealth + influence has bought into uber that it is truly too big to fail. too many wealthy investors and deep SV network will ensure that it not melt down (unlike ?).
Enormous enterprises with tons of buy-in that failed:
- Bernard Madoff Investment Securities (yes, of Bernie Madoff fame)
- Enron
- Bear Stearns
- Lehman Brothers
Too big to fail means the government will step in to prevent a failure. Only the government has the backing of the entire economy.