Quote:
Originally Posted by peter12
It isn't a real valuation. They basically have taken the amount that Uber has fundraised and multiplied it by 10x.
The company lost a record-breaking $3B last year.
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Umm that is a real valuation, at least to their investors. Whether you agree or disagree with their valuation is a separate story.
Their private valuation isn't based on the amount they raised multiplied by 10x. It's what their private investors paid for in return for x% of the company.
So to those investors willing to pay that price, they bought shares at the price of Uber being worth $60B+.
Btw, I too agree that their valuation seems super inflated but that doesn't mean their valuation is fake. I personally wouldn't invest my money in Uber at $60B+ valuation but apparently, they were able to find investors who thought it was worthwhile to invest in them at that price.