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Uber Suffers Big Loss, Surprising Problem Glade Brook Capital
The hedge fund made an investment in the ride-sharing service privately and drew up detailed projections to sell it to private investors.
There is little debate that ride-sharing pioneer Uber Technologies is spearheading the disruption of traditional modes of consumer transportation. The Uber name has become synonymous with its first-mover advantage, just as Xerox and Apple’s iPhone were for earlier generations of different technologies. Uber’s long-term potential has attracted a blue-chip roster of investors
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