Uber Valued At $18.2 Billion In Latest Round Of Fundraising

If you believe the valuations set in its latest round of fundraising, Uber Inc is worth $18.2 billion, making it the second highest valued venture-backed startup in history, surpassed only by Facebook Inc (NASDAQ:FB)’s $50 billion valuation before it went public, report Evelyn M. Rusli and Douglas MacMillan for The Wall Street Journal. Uber uses a smartphone app to coordinate rides and facilitate payments between drivers and riders in 130 cities.

“We are at or below the multiples that you see public companies are getting on their revenue and forward looking revenue. Especially given our growth, we would be way off the charts,” said Uber CEO Travis...