The weird maths of tech stocks

The entire US taxi and limousine market generates about US$11bn in total revenue. Last November, Business Insider got hold of a 60-page internal document that indicated Uber’s global revenue may have hit $2bn last year.And how much is on-demand car service Uber currently estimated to be worth? In its most recent capital raising, Uber was valued at about US$40bn, slightly less than four times the size of the entire US taxi and limousine market.Room-sharing service Airbnb is following a similar path. Its was recently valued at US$13bn, a price that’s far higher than many of the collective valuations of the...

The entire US taxi and limousine market generates about US$11bn in total revenue. Last November, Business Insider got hold of a 60-page internal document that indicated Uber’s global revenue may have hit $2bn last year.

And how much is on-demand car service Uber currently estimated to be worth? In its most recent capital raising, Uber was valued at about US$40bn, slightly less than four times the size of the entire US taxi and limousine market.

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