Uber was doing $213mil revenue late last year before they dropped their pricing/commission to dramatically increase both supply and demand. They've since incre

Uber was doing $213mil revenue late last year before they dropped their pricing/commission to dramatically increase both supply and demand. They've since increased their commission back to 20%, added a $1 surcharge, integrated with google maps, and they've probably validated the same day package delivery business model in NY. Valuation probably reflects crazy revenue growth they have in so many markets + future opportunities to dominate other verticals. http://techcrunch.com/2013/12/04/leaked-uber-numbers-which-w.. http://techcrunch.com/2013/12/04/leaked-uber-numbers-which-w.... [dec 2013] <--note week-on-week increases too!