Uber May Soon Be Worth 1-1/2 Twitters
Uber is on the verge of closing a new funding round from T. Rowe Price Group Inc. that would value the company at as much as $40 billion, according to a report from Bloomberg.
$40 billion. That's a staggeringly huge number, as well as a stratospheric jump from Uber's last funding round, when it raised $1.2 billion at a valuation of $17 billion.
To try and wrap our heads around just how valuable Uber is in the eyes of investors, we used the market caps of a few publicly traded companies as a benchmark. How many Twitters can you get for one Uber? How many Nikes? How many Electronic Arts?
Let's take a look. One Uber is worth approximately:
- 377 American Apparels
- 21 New York Times
- 17 Zyngas
- 3 Electronic Arts
- 1-1/2 Twitters
- 1 Delta Air Lines
- Almost 1/2 of Nike
- 1/6 of Facebook
- 1/10 of Google
- 1/18 of Apple