Consumer IPOs from Snap to Uber have been disappointing and serve as a reminder that private investors are making all the money.Technologyread more
The company's comments Friday come after the White House said U.S.Trade Representative Robert Lighthizer will "address the threatened impairment" of national security from...Autosread more
China's currency has been an important barometer for progress in U.S.-Chinese trade talks, and right now it's signaling things aren't going well.Market Insiderread more
Apple CEO Tim Cook was the commencement speaker at Tulane University Saturday. In his speech, the tech executive focused on the importance of addressing climate change and...Power Playersread more
Amazon's large and flashy investments stand out from those of its tech peers over the past year.Technologyread more
Some analysts see streaming services like Netflix becoming hindered by one of the things that made them so popular in the first place — binge watching.Entertainmentread more
There is a shortfall of cybersecurity workers that could reach as high as 3.5 million unfilled roles by 2021. A start-up called Synack provides crowdsourced security, and...CNBC Disruptor 50read more
Yardeni Research's Edward Yardeni recommends investing in U.S. companies with exposure to China.Trading Nationread more
CNBC and SurveyMonkey's latest small business optimism index echoes that sentiment, finding 52 percent of small businesses say it's harder to find workers today than it was a...US Economyread more
CNBC combed through Wall Street research over the last week to see which stocks analysts say have the best risk-reward.Marketsread more
Western Union is not panicking, but the delivery of money around the world is being upended, says CEO of upstart TransferWise. It broke into the $689 billion remittances...CNBC Disruptor 50read more
A latest round of funding puts a $51 billion price tag on Uber, but a famed valuation professor said it is actually worth a lot less than that.
Aswath Damodaran, professor at NYU Stern School of Business and a valuation expert, values the ride-hailing company at $23.4 billion, less than half its current sticker.
"The big difference here is in the story we tell about Uber," he told CNBC's "Squawk on the Street " on Friday. "I think Uber's story is that they are going to be everything, everywhere. They're going to be a logistics company globally, and if you buy that story I think they are worth a lot of money."
But, Damodaran said Uber's challenge is going to be showing how profitable it really is, especially with increasing competition.
"Investors are willing to wait a really long time and Uber may very well be able to convince investors, but I think the biggest challenge they face is, unlike a year ago when the competition was small and splintered, they are now playing against the big boys in their own game."
Lyft's announcement last month that it will merge with Chinese ride-hailing company Didi Kuaidi is a bad sign for Uber, he said.
Another reason why Uber may have problems with profitability are the regulatory hurdles the company faces around the world, Damodaran said.
"I think they are fighting 100 fights and that's why I said Uber's profits will be slow to come, because it's expensive fighting all these fights."
But, he added, the fact that there is so much pushback from regulators and cab drivers is a sign that the Uber model is working. "There is change coming to the car service business," he said.
— CNBC's Sara Eisen contributed to this report.