And what's your explanation for Uber's $17bil evaluation in a $11bil taxi market... | Hacker News

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		mbesto on June 18, 2014 \| parent \| context \| favorite \| on: What Instacart taught us And what's your explanation for Uber's $17bil evaluation in a $11bil taxi market?

opendais on June 18, 2014 [–]

1) People irrationally believing in Uber's ability to expand.

2) There was a reason a large number of potential investors dropped out at around the 10bil market.

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