Tagged: Venture Capital

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Uber, And 5 Other Overvalued Companies

At Recode’s Code Conference a few weeks ago, Uber CEO Travis Kalanick hinted at a new funding round that would be “record-breaking”. Raising  $1.2 billion at an $18 billion valuation, Uber delivered on that promise with its latest funding round. As of December though, Uber was only pulling in around $20 million per week, of which it kept 20%. Their investors are counting on high growth,...