# Professor Aswath Damodaran is interviewed about Uber's $1.2 billion loss

1 Faculty News August 25, 2016 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg_0.jpg?itok=qy2YlnxP)>

Excerpt from [Bloomberg](http://www.bloomberg.com/news/articles/2016-08-25/uber-loses-at-least-1-2-billion-in-first-half-of-2016) -- "'You won't find too many technology companies that could lose this much money, this quickly,' said [Aswath Damodaran](http://www.stern.nyu.edu/faculty/bio/aswath-damodaran), a business professor at New York University who has written skeptically of Uber's astronomical valuation on his blog. 'For a private business to raise as much capital as Uber has been able to is unprecedented.'"

[Read more](http://www.bloomberg.com/news/articles/2016-08-25/uber-loses-at-least-1-2-billion-in-first-half-of-2016)

Additional coverage appeared on the [Houston Chronicle](http://www.houstonchronicle.com/business/technology/article/Uber-said-to-lose-at-least-1-2-billion-in-first-9185698.php) and [The Boston Globe](https://www.bostonglobe.com/business/technology/2016/08/25/uber-said-lose-least-billion-first-half/b2H4LFZPFLvRdlusLOqMyH/story.html).