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

  • 📰 The Independent
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 59%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 80. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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 »