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Some of those "unicorns" are going to die. Way too many minor companies now have "billion dollar valuations". There's some company with a single-signon service with a "billion dollar" valuation. Uber had $470 million in operating losses on $415 million in revenue, according to figures in a bond prospectus reported by Bloomberg in June.[1]

[] http://www.bloomberg.com/news/articles/2015-06-30/uber-bonds...




That was 2014 IIRC. Uber will do 2bn gross this year and 5-6bn gross next year. Their financials are pretty strong.


When Uber publishes audited GAAP numbers, we'll know. Non-GAAP numbers are total junk.[1] Uber's latest "leaked" numbers still show losses.[2]

[1] http://www.zerohedge.com/news/2015-01-08/wsj-looks-non-gaap-... [2] http://gawker.com/here-are-the-internal-documents-that-prove...


Of course they're going to be spending/losing. Why else raise 8bn? To grow.




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