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What Happens If Uber Fails? – The Atlantic

This is a key point—perhaps the key point that will determine whether Uber lives or dies. Uber isn’t worth $70 billion because it is actually worth $70 billion. Its valuation is that high despite the fact that it’s not profitable, and despite the fact that it has little protection from competitors baked into what it […]

This is a key point—perhaps the key point that will determine whether Uber lives or dies. Uber isn’t worth $70 billion because it is actually worth $70 billion. Its valuation is that high despite the fact that it’s not profitable, and despite the fact that it has little protection from competitors baked into what it is and does. Uber’s valuation, in other words, is a reflection of the global marketplace and not a reflection of Uber’s own durability as a company.

Source: What Happens If Uber Fails? – The Atlantic

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