Daily News

View All News

Uber $100 billion valuation is ‘all mood and momentum’ — Staffing quote of the week

April 16, 2019

Human cloud, ride-sharing firm Uber Technologies Inc. is reportedly seeking a $100 billion price tag when it debuts on the New York Stock Exchange this spring, but NYU Stern professor Aswath Damodaran says Uber is worth much less, closer to $60 billion. “The market is a pricing game and not a value game,” Damodaran told CNBC. “When you have young companies like these, it’s all mood and momentum driving prices.”