The Biggest Threat to the Uber IPO Was Just Revealed
July 29, 2016 at 15:47 PM EDT
Investors are anxiously waiting to get their hands on the Uber IPO. The ride-hailing service already has a massive valuation at $66 billion, and Uber is one of the most exciting tech companies not publicly traded. But on July 20, there was an announcement made that could cut into Uber's profits. In fact, it could eventually run Uber out of business if Uber doesn't raise more money to grow right now... 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 The Biggest Threat to the Uber IPO Was Just Revealed appeared first on Money Morning - We Make Investing Profitable .