Its $82.4 billion valuation, which factors in stock options and restricted stock grants, is above its last private fund-raising valuation of $76 billion, from August. But it is below the $100 billion that Uber forecast to some investors this year — and well below the $120 billion that some of its bankers floated last year. Among their concerns: stock market turmoil driven by worries that the Trump administration’s trade war with China will continue, and concern about the financial performance at a rival, Lyft. Lyft went public in March, but its shares quickly fell; this week, the company posted a $1.14 billion loss for its first quarter. It lost $1.1 billion in the first three months of this year alone, even as its revenue grows.

Source: New York Times May 09, 2019 21:10 UTC