Uber is now more valuable than Ford, GM, and a bunch of huge public companies
Uber is reportedly shopping itself to investors for another round of funding, and this time it's seeking a valuation of $62.5 billion.
As this chart from Statista shows, that means Uber is now more valuable than the major U.S. car companies Ford and GM, more than media giants like Fox and Time-Warner Cable, and almost twice as much as eBay.
This is despite the fact that Uber almost certainly loses money, and has a fraction of these companies' revenue. Uber was expected to have net revenue of about $2 billion this year, compared with 2014 revenues of almost $18 billion for eBay, $23 billion for Time-Warner, and $136 billion for Ford.
But Uber is growing much faster than these companies, and that's what private investors value most.
Statista
Next Story
Recommended Read
Meet the new generation of Ambanis — Isha, Akash, Anant, Anshul and Anmol- Raymond is spending millions on SAP, Microsoft, PwC, and Accenture to rewire the company
- India’s top b-school graduates are being paid over ₹2 lakh for summer internships
- India is as prepared as US or Australia to welcome the 5G era
- Flipkart and Amazon sales beat slowdown blues to lift consumer sentiment
- India’s smaller cities are the real dealmakers for all festive e-commerce sales
- Here's how Indian companies can halve their effective tax rate
- India’s richest tech billionaire has given away more money than what he has right now
SIGN IN WITH
FacebookGoogleEmail