Reports say Uber plans to seek an initial market valuation of $90 billion ~ $100 billion.
If Uber were to hit that top mark, it would become the 30th most valuable company listed on a US exchange, topping ConocoPhillips and General Electric. 😲 It would also be larger than the two Wall Street banks leading its IPO, Morgan Stanley and Goldman Sachs. #wtf #tech
Operating income is still negative. Revenue growth is slowing in both #ridehail and #UberEats, from 106% in 2016-2017 to 42% in 2017-2018 (finishing up at $11.27 bn). Rideshare slowed down the most, due to greater competition, mature market saturation, increased rider discounts and divestitures.
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