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Uber's eye-popping $120 billion valuation would make it worth more than Nvidia, 3M and PayPal

https://www.cnbc.com/2019/03/15/ubers-eye-popping-valuation-worth-more-than-nvidia-and-paypal.html
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Mar 15, 2019 1:56 PM 1+ week ago

Uber's eye-popping $120 billion valuation would make it worth more than Nvidia, 3M and PayPal

Uber application logo is seen on a screen in front of taxi board in Ankara, Turkey on August 31, 2018.

Uber is reaching for a lofty valuation in its upcoming initial public offering.

An expected $120 billion valuation for the ride-hailing company would make it more valuable than 3M, 21st Century Fox, Nvidia and other established names that have been raking in profits for years.

The 12-figure price-tag is a result of proposals from Wall Street banks and nearly double Uber's valuation from its last private fundraising in late 2018, The Wall Street Journal reported in October.

But Uber notably, is not making money. The Silicon Valley start-up has been mounting billion-dollar losses ahead of its highly anticipated market debut.

Last year it managed to stem some of the bleeding. Its adjusted losses slowed by 15 percent, to $1.8 billion, according to Uber's self-reported financials published in February. In 2017, Uber lost $2.2 billion. ...

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