Uber IPO Still Has $4.1 Billion Problem Despite Saudi Investment
June 02, 2016 at 16:49 PM EDT
The Uber IPO is one of the most talked about events on Wall Street, and investors can't wait to get their hands on Uber stock. And after the ride-hailing service just secured a $3.5 billion investment from Saudi Arabia, it seems like there's no stopping this transportation disruptor. But despite having a $62.5 billion valuation, Uber has a massive problem. In fact, it has a problem that could cost the company $4 billion annually. Here's what it is... Tags: Uber IPO To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2016 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Uber IPO Still Has $4.1 Billion Problem Despite Saudi Investment appeared first on Money Morning - We Make Investing Profitable .