Silver as an investment

When Disruption Gets Too Disruptive

zerohedge.com / by Tyler Durden on 06/30/2015 18:55

With massive strikes in France and now drivers shooting passengers, Uber is making headlines everywhere. While some might say any publicity is good publicity (and any disruption is good disruption), for the firm valued at $50 billion (with a stunning operating loss of $470 million and revenues of only $415 million) perhaps there is a limit to both press and disruption…

As Bloomberg reported yesterday from a recent prospectus:

  • *UBER BOND PROSPECTUS SHOWS $470M OPERATING LOSS
  • *UBER BOND PROSPECTUS SHOWS $415M IN REVENUE

And that’s what makes Uber worth $50 billion to the Shubik Dollar Auction private equity holders.

And, as Bloomberg details, Uber has a multitude of problems…

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