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Uber's sky-high valuation and huge losses made sense in Silicon Valley, but not on Wall Street


Added 04-27-19 01:02:02pm EST - “This is Uber's central challenge as it moves from the cozy confines of the Bay Area, where venture capital and private equity firms fund futuristic projects, to the rigors of Wall Street populated by more risk averse mutual funds…” - Cnbc.com

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Posted By TheNewsCommenter: From Cnbc.com: “Uber will soon join an ugly but exclusive club: Unprofitable companies worth more than $50 billion”. Below is an excerpt from the article.

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