Larry Ellison on Uber: “They have an app my cat could have written.”
Uber Technologies’ stock has struggled since the company went public this year. And WeWork’s parent company has postponed a planned initial public offering, amid reports that it was slashing its valuation by at least half.
Uber sports a market valuation of more than $57 billion, while WeWork has raised more than $12 billion in venture capital. But if you ask Oracle founder and executive chairman Larry Ellison, there isn’t a lot of value in either one.
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