Uber Is on the Right Path to $100 Billion Valuation, Analyst Ives Says

The transcript discusses the initial public offering (IPO) price of a company, its subsequent market performance, and the long-term valuation outlook. The speaker expresses confidence in the company's valuation, predicting a $100 billion valuation within 12 to 18 months. The discussion highlights the impact of a pricing war with competitors and the company's insulation from US-China tensions. Overall, the narrative suggests a positive market movement for the company after a challenging period.

What does the speaker mean by 'sea legs' in relation to the stock?

In what way is the current market situation described as a 'massive sort of white knuckle period' for both companies?