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.