The essence of Uber’s pitch is despite having $11 billion in annual revenue and a valuation in a rarefied zone, it’s just getting started.
It’s not clear how much weight public investors will put on the take rate or bookings, another metric whose value will diminish over time.
They are not exactly like any marketplace that has came before. They’re not exactly transportation companies, nor would they want to be valued that
Investments in tech startups are set to surpass $200B this year, the largest since dot-com bubble
As with Uber's prior retreats, quitting a costly slugfest against GrabTaxi Holdings Pte will help alleviate Uber's whopping losses.
Tencent, Alibaba Group Holding Ltd. and Japan's SoftBank Group Corp. have made strings of investments outside their home countries.
Just four countries—the US, Germany, Japan and the UK— contributed 92% of Amazon’s $136 billion in revenue for 2016.
Amazon plows about 97 cents of every dollar in sales back into fuelling its endless ambitions.
IPOs & Markets
Spotify, are you paying attention? Blue Apron? Dropbox? Uber?
The performance shows that the latest breed of "unicorns" -- the corny but handy term for tech startups valued at $1 billion or more -- can go public
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