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Uber are not worth $70bn, says tech expert

16 Aug 2017

 

Uber are facing further upheaval following a staggering announcement by a technology investment expert claiming: Uber are not worth as much as people think!

 

Roger McNamee told American media outlet CNBC that Uber could be worth as much as TENS OF BILLIONS less than the quoted $70bn valuation. 


These comments come amidst a power struggle at the top of Uber's controversial company, where one of its largest and oldest investors, Benchmark, are suing the former CEO Travis Kalanick. 


It has been alleged that Kalanick is looking for a way back into the CEO position despite recently being asked to step down regarding poor company practices and culture. 
 

Whilst Uber seek more investment, comments like this from respected tech investors have put question marks on the company's future.

 

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