Uber targets $90bn valuation as it prepares for stock market debut

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Price tag is lower than the $120bn that had been suggested last year, but questions remain about ride-hailing service’s chances of turning a profit

Travis Kalanick resigned from his position as CEO of Uber in July of this year, after a tumultous period for the company. A sexist workplace culture was exposed by a damning internal report, leading to heightened pressure on the CEO and consequently to him taking a leave of absence in June.

 

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Way too high. Uber will never be profitable until the self driving cars happen and the human element is eliminated. Business Future Invest

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Uber seeks market value of up to $84bn in share saleUber is seeking a market value of up to $84bn in its planned flotation, according to documents filed with regulators. TfL What a joke! A company that’s lost $4 billion dollars in the last two years is worth nothing in my opinion! If you invest in this you deserve to lose money. Way over inflated for a company that lost £1.8Billion last year.
Source: SkyNews - 🏆 35. / 67 Read more »

Uber seeks market value of up to $84bn in share saleUber is seeking a market value of up to $84bn in its planned flotation, according to documents filed with regulators. TfL What a joke! A company that’s lost $4 billion dollars in the last two years is worth nothing in my opinion! If you invest in this you deserve to lose money. Way over inflated for a company that lost £1.8Billion last year.
Source: SkyNews - 🏆 35. / 67 Read more »