Investors Remain Committed to Uber Despite Management Turmoil

The company’s valuation recently sagged in the inefficient private investment market, but some hedge fund investors remain keen.

Travis Kalanick, Uber (photo credit: Udit Kulshrestha/Bloomberg)

Is Uber Technologies the next value play? The ride-sharing pioneer’s recent management turmoil — capped by CEO Travis Kalanick’s resignation on Tuesday — has knocked down its private valuation to below $50 billion, according to at least one person knowledgeable about valuations in the private investment market.

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