Uber: Giant IPO hopes, and equally big losses

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Uber is seeking a staggering $100 billion valuation when it makes its long-awaited public debut, said Mike Isaac and Kate Conger at The New York Times. The transportation giant filed the prospectus for its initial public offering last week, and the numbers are striking. The IPO seems designed to rival that of Facebook, which went public at $104 billion in 2012. But while Facebook was profitable at the...

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