# Prof. Aswath Damodaran on Baidu's recent investment in Uber

1 Faculty News December 17, 2014 ![San Francisco Chronicle logo](/sites/default/files/styles/246w/public/assets/images/con_030853.jpg?itok=5J96iBF2)>

Excerpt from [San Francisco Chronicle](http://www.sfgate.com/news/article/Uber-partners-with-Chinese-giant-Baidu-5964205.php) -- "'They’re investing in Uber basically because of greed,' he said. 'They don’t want to be left out of the next Facebook. I don’t think deep thinking is going on; they want to be in this game because everyone else is.'"

[Read more](http://www.sfgate.com/news/article/Uber-partners-with-Chinese-giant-Baidu-5964205.php)