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> Uber has burned through most of their cash, and the assets they have are mostly unsellable Source?
by justboxing 9y ago
> Uber has burned through most of their cash, and the assets they have are mostly unsellable
Source?
- icebraining 9y agoRegarding the first, this article says in August they only had $6.6B from the $15B they raised: https://venturebeat.com/2017/08/23/uber-is-still-burning-cash-at-a-rate-of-2-billion-a-year/ https://venturebeat.com/2017/08/23/uber-is-still-burning-cas... Regarding the second, it's my opinion based on what we know of them vs competitors. The software may be good, but it hardly justifies a difference of $60B compared to Lyft's $11B valuation, let alone Cabify's $320M. I'm pretty sure their offices are not worth that much either. So most of their worth comes from the stuff I mentioned in the previous post, but that can't be sold.