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I don't think Uber is going to completely turf out, but I believe they will experience a correction in their valuation. It looks like they last raised money at
by loudin 10y ago
I don't think Uber is going to completely turf out, but I believe they will experience a correction in their valuation.
It looks like they last raised money at a $62.5 billion valuation [1], which suggests that investors are expecting the company to operate at a global level. Unfortunately, Uber is facing extremely stiff competition in China [2] and India [3]. There's also the well-publicized tension between Uber and various European companies. And that's not even taking into account increased regulation in US cities like San Francisco [4].
So, while Uber is clearly a successful company - how successful will it be? $62.5 billion dollars successful? My guess would be no, which would drive a correction for the company.
[1] http://www.bloomberg.com/news/articles/2015-12-03/uber-raises-funding-at-62-5-valuation http://www.bloomberg.com/news/articles/2015-12-03/uber-raise...
[2] http://fortune.com/2015/07/08/uber-didi-kuaidi-china-funding/ http://fortune.com/2015/07/08/uber-didi-kuaidi-china-funding...
[3] http://qz.com/645258/uber-sues-ola-for-allegedly-using-the-same-dirty-tricks-uber-was-accused-of-using-on-lyft-and-gett/ http://qz.com/645258/uber-sues-ola-for-allegedly-using-the-s...
[4] http://www.sfgate.com/bayarea/article/SF-to-require-Lyft-Uber-drivers-to-obtain-7250137.php http://www.sfgate.com/bayarea/article/SF-to-require-Lyft-Ube...