Opinion: Uber faces fierce commercial competition but the obstacle investors should worry about most is progressive government
Ride-hailing app Uber will float its first shares in the public markets Friday in a moment of triumph after 10 years of revolutionizing urban transportation. The Silicon Valley company faces fierce commercial competition but the obstacle investors should worry about most is progressive government.
Uber plans to raise about $9 billion in its initial public offering at a valuation up to $90 billion. This would make it the largest company to list shares on U.S. exchanges since Alibaba in 2014. Uber’s innovation was allowing people...
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