Re:Uber Sets Valuation Record of $17B in New Funding
by fblp on Friday June 06, 2014 @02:11PM
(#7859467)
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.
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... [dec 2013] <--note week-on-week increases too! and