Uber received valuations from Wall Street banks that could put the value of the company up to $120 billion for an initial public offering that could happen as soon as early next year, according to the Wall Street Journal.
That value would be almost double what Uber was valued at in a fundraising round earlier this year.
The Journal notes that, if this value is established, Uber would be worth more than General Motors, Ford, and Fiat Chrysler combined.
Read more at The Hill.
{Matzav.com}
Stay far away from investing in Uber. They already claimed they were bankrupt last year. Their business model is unsustainable. A report came out, that after all expenses and overhead, the average Uber driver makes about $7.50 an hour. That’s not a livable wage.