Uber at $17 Billion? Try $5.9 Billion Instead: Chart of the Day
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Uber Technologies Inc. may be worth far less than the $17 billion valuation in the transportation service’s latest round of fundraising, according to Aswath Damodaran, a finance professor at New York University.
“The numbers seem to indicate that Uber is being overpriced,” Damodaran wrote two days ago on his Musings on Markets blog. He valued the company’s assets at $5.9 billion, and wrote that the figure was based on optimistic assumptions about the taxi industry’s growth and the San Francisco-based company’s market share and profitability.