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Uber's CEO Compares An IPO To High School Prom
Thursday, October 20, 2016 - 10:16am | 371Read More...Travis Kalanick, the CEO of Uber Technologies, is asked quite often when the company will file for an initial public offering. According to Bloomberg, he now has a go-to metaphor to explain that it likely will happen — just not as soon as many hope. According to Bloomberg, Kalanick said at a...
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Think Uber Is Profitable? Think Again
Thursday, August 25, 2016 - 12:30pm | 406Read More...Many individuals wrongly assume that Uber, the popular ride-hailing giant, is operating with a hefty profit. This is, however, incorrect. The company has lost at least $1.2 billion in the first half of 2016 alone. According to Bloomberg, Uber's head of finance, Gautam Gupta, told dozens of...
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Uber Thriving Despite Auto Industry Decline
Monday, June 6, 2016 - 3:17pm | 366Read More...Is Uber to blame for auto stocks' underperformance? CNN Money's Paul La Monica offered a deep-dive look into the auto industry, which is declining at a time when Uber is growing. According to La Monica's article for auto manufacturers, she reported a "lousy" May with...
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Uber's $40 Billion Valuation: What Does Social Media Think?
Thursday, December 4, 2014 - 1:29pm | 509Read More...Uber is trending on Thursday, as the company just confirmed a $1.2 billion financing round. The New York Times reports that figure could give Uber a total valuation of $40 billion, though an exact number remains unknown. "Fortunately, taking swift action is where Uber shines, and we will...
