# Prof. Aswath Damodaran's valuation of Uber is featured

1 Faculty News December 5, 2014 ![Associated Press logo](/sites/default/files/styles/246w/public/assets/images/con_031530.jpg?itok=uSjLQY9n)>

Excerpt from [Associated Press](http://bigstory.ap.org/article/b13630d27c304c5984e5f68345818570/uber-car-service-really-worth-40-billion) -- "Uber is offering car service in 250 cities in 50 countries now, up from 60 cities in 21 countries just a year ago. You can order a car using its popular mobile app in Asia, North America, and Europe. That's a big market. Taxi and limousine companies around the world generate maybe $100 billion a year, estimates New York University's [Aswath Damodaran](http://www.stern.nyu.edu/faculty/bio/aswath-damodaran), a finance professor who blogs about Uber."

[Read more](http://bigstory.ap.org/article/b13630d27c304c5984e5f68345818570/uber-car-service-really-worth-40-billion)

Additional coverage appeared on [ABC News](http://abcnews.go.com/Technology/wireStory/uber-car-service-worth-40-billion-27404144).