Reply to post: Re: £385k? Do you have change for this £1m note we found down the back of the sofa?

Uber fined £385k by ICO for THAT hack of 57m customers' deets

John Brown (no body) Silver badge

Re: £385k? Do you have change for this £1m note we found down the back of the sofa?

"Exactly - current estimates value Uber at $120 billion ... $120 billion? "

I know that the "value" of a company is based on what the analysts and share holder think the future profits will be, but in this case, one wonders if they will ever make a profit. The valuation is obscene and I suspect self-driving taxis are a lot further away than the investor/share holder think. It'd not surprise me in the least that the execs already have an exit strategy for when/if the company goes TITSUP and they all jump out with their golden parachutes while everyone else carries the can.

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