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Latest sign the tech bubble's really here: Uber valued at $17 billion
Latest sign the tech bubble's really here: Uber valued at $17 billion

The ride-sharing app company Uber last week raised $1.2 billion in venture capital on terms that valued the company at $17 billion. As Will Oremus at Slate.com observed, that's almost as much as Hertz and Avis combined. It's more plausible to see Uber's valuation not as an artifact of its genuine potential, but of growing inflation within the high-tech bubble.  Consider this: the number placed Uber in a rarefied club that previously included Groupon (worth $16.6 billion on its first day of public trading in 2011) and WhatsApp (worth $19 billion, based on the price paid for it by Facebook).  Of course, Groupon today is worth about $4.2 billion in market...

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