Operations

No Way Uber Worth $70 Billion, Investor Says

Posted on August 16, 2017
(Creative Commons image)
(Creative Commons image)

With all the turmoil inside Uber, it's unlikely that miffed shareholders will get an offer that's close to Uber's current valuation, one technology investor said.

Uber's not worth the nearly $70 billion it's valued at now, and could be worth tens of billions of dollars less, technology investor Roger McNamee told CNBC's "Squawk Alley" on Tuesday.

CNBC article and video here

Uber Submits To 20 Years Of Privacy Audits: The U.S. government on Tuesday issued sweeping new penalties against Uber for its privacy and security practices, alleging the company “deceived consumers” by allowing its employees to access riders’ most personal information, including the details of their trips.

Recode article here

Related article: As Uber Stumbles, Foreign Rivals Gather Strength

Related Topics: customer service, data security, federal regulations, passenger safety, regulatory enforcement, TNCs, Uber

Comments ( 1 )
  • Anthony

     | about 10 months ago

    A company that blows 1,000,000 billion dollars on china is worthless. No market evaluation, no annual wage % Just a blind fool entering a market it could not work in 27 million dollar lost in a foolish valuation No return ever since they gave uber 27 million Wallstreet is to blame for this foolsih taxi app that if thry could would charge 1.00 for a ride on a tandem bicicle

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