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Sources describe Uber's IPO process and the setbacks that led Uber's $120B pre-IPO valuation floated by bankers to fall to its current market cap of $69B (New York Times)
New York Times: Sources describe Uber's IPO process and the setbacks that led Uber's $120B pre-IPO valuation floated by bankers to fall to its current market cap of $69B — Last September, Uber's top executives were pitched by some of Wall Street's biggest banks, Morgan Stanley and Goldman Sachs.
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Uber's Latin American revenues in Q2 fell 24% YoY to $547M, as company posts its slowest overall quarterly revenue growth of 14%; stock is down ~6%+ after hours
Eliot Brown / Wall Street Journal: Uber's Latin American revenues in Q2 fell 24% YoY to...
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Uber Eats Q2 revenue was $595M, up 72% YoY; Uber says it now has 99 million active consumers on its platform overall, as the number of Eats users grew 140% YoY
Larry Dignan / ZDNet: Uber Eats Q2 revenue was $595M, up 72% YoY; Uber says it...
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Sources: WeWork co-founder Adam Neumann has cashed out more than $700M from the company ahead of its IPO through a mix of stock sales and debt
Wall Street Journal: Sources: WeWork co-founder Adam Neumann has cashed out more than $700M from the...
