9 years ago
2
Uber’s not a $40 billion start-up. It’s a mid-sized car company.
As it puts together its latest round of fundraising, Uber has been valued at $40 billion. Many have found that figure eye-popping for a six-year-old ride-on-demand company. But at least some transportation scholars say that that figure isn't so crazy. To understand why, it helps to think of Uber's competition in the market not as taxi companies, nor even other alternative transportation options like Lyft or Zipcar.
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It's actually quite insane how fast this company grew to be worth so much.
welcome to the 2nd dotcom bubble