Underwriters lowering Uber's anticipated IPO valuation from a rumored $100 billion to $80-$90 billion means investors are not buying the pitch as well as hoped.
Get the truth about Uber, its valuation, and Wall Street’s influence on its IPO when New Constructs CEO, David Trainer, joins TDA Network’s Market On Close.
This firm's shrinking cash flows can’t cover its debt burden, its accounting is confusing and possibly unreliable, its industry faces technological disruption, and its valuation assumes implausibly high profit growth.