whats it worth

[john m]

Ride-hailing company Uber Technologies will unveil terms for its initial public offering on Friday, telling investors it will seek to be valued at between $80 billion and $90 billion, according to people familiar with the matter.

The valuation sought is less than the $120 billion valuation that investment bankers told Uber last year it could fetch, and closer to the $76 billion valuation it attained in its last private fundraising round last year.

 So they thought it was worth 120 BILLION but now its only worth 80 BILLION so where did the other 40 BILLION go ?

[dalymount]

Its just resting in their account

[john m]

Think about it Dollymount .They dont own the cars they dont employ the drivers the assetts are nill but they are wotth 80 BIllion the price is based on how much people are willing to pay for a dream .If Big Dommo was still alive (and he might be ) I bet he would be selling shares in a Unicorn or Dragon Stud in never never land ..The difference in asking price is 33% if that isint a clue that its a ponzy scheme then what is ,The share price will go up about 12% in the few days after issue as the initial investors abandon ship then reality will hit and the bollox willfall out of it .

[silverbullet]

uBER Qwality Kontrol :
 https://youtu.be/PsFxzH7lV8U

[dalymount]

Could be telecom eireann to a lesser extent I suppose!

[watty]

In the 'old' days, companies used to make profits or they went bust.  Uber is losing $700 million every 3 months!  They'd never made a profit.

And, as pointed out already, they don't own anything except a computer program.  People can and do switch to Lyft, for example, at the drop of a hat.

[markmiwurdz]

Glorified Ponzi

[silverbullet]

91.5 Billion IPO.

[Rat Catcher]

Probably about right.