Wednesday, July 1, 2015

Uber of 470 million dollars in losses valued at 50 billion dollars – wirtualnemedia.pl

The unofficial documents throwing light on the financial condition of the uber reached Bloomberg. Included in these data are intended for investors, from whom startup wants to acquire approx. 1.2 billion. in exchange for bonds. The company is also in negotiations with banks on Wall Street, where Uber is seeking a credit line of EUR 2 billion.

According to the offer for investors Uber made a greater loss of income, but it is unclear what period is covered by these data. In addition, other information known to the company over the last year recorded a growth of 300 percent. Startup is now present with its offer in more than 300 cities around the world (including in Warsaw, Krakow and Gdansk), and recently began renting a boat in Istanbul.

It seems that despite the loss of market sees Uberze an attractive investment opportunity because the company is currently valued at 40 to 50 billion dollars. In an interview with Bloomberg anonymous informants in the Uber emphasize that the expenses incurred by the company are related to difficulties in the local markets (for example, recently in France), as well as the investments which makes startup. The latest of these is the redemption of the technology behind Microsoft’s Bing Maps service, which was his time to compete with a similar service maintained by the company Google.

Author: ps

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