The ride sharing service, Uber is flying high. A new $1.2 billion funding 2 days ago valued the company at $41 billion, that makes Uber more valuable than Delta Airlines.
You can look at what their business model is, they take a 20% cut of every ride, now that doesn’t mean that it’s their profit, but it is their revenue and if u have a service that basically allows you to take a cut of every single taxi ride, which they hope it will be in the world – you can see where the revenue will start to add up.
Part of the reason Uber have been in the news so much lately is because of its win it all style. A lot of investors are looking for somebody who is aggressive and who wants to make a very big business, someone who sees not just some small – own this market, but someone who really want to cover all the markets.
The investors that raised the $1.2 billion includes Qatar Investment Authority and at least to hedge funds. These are people who are saying, here Uber take more than a billion of our money, we believe in your future, and yet there seems to be a growing regulatory and legal backslash against the company, but investors are confident in the company.