Uber is targeting a $90 billion IPO, receives $500M from PayPal TechSpot

The time is ripe for Uber to have an IPO: they’re facing stiff competition from Lyft (who also just went public) and made a titanic loss of over $1 billion this quarter. Last year, they made $3.7 billion in the first quarter. They’re blaming high expenditure on increased advertising costs...





from TechSpot http://bit.ly/2J1oyXJ