Did Uber Just Burst the Sharing Economy Bubble?

CNet – August 25, 2016

Uber’s attached to another big number. But it’s probably not happy about this one. By the end of 2015, the ride-hailing company was valued at $62.5 billion. It closed $1.6 billion in financing in January 2015, raised $2 billion in Leveraged-Loan Market in June 2016 and raised $3.5 billion from Saudi Arabia’s Public Investment Fund around that same time. Today is a different story. Bloomberg, citing people familiar with the matter, reports losses for Uber in first half of 2016 total at least $1.27 billion.

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