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In this Market Forces segment of Hidden Forces, Demetri Kofinas speaks with transportation industry veteran and Uber analyst, Hubert Horan. Demetri and Hubert’s discussion centers on the ridesharing company Uber, which has received a great deal of negative press in recent months. Stories continue to surface dealing with what is seen by many as a culture of intimidation at the company. Uber has built up a reputation for using heavy-handed tactics in dealing with the press and local governments, and the behavior of its CEO Travis Kalanick has come severely into question. With roughly $7 billion of cash on hand, along with an untapped $2.3 billion credit facility, Uber may not have the financing available to make it more than 2 years without raising additional capital or selling part or all of its remaining assets. As Demetri Kofinas has said in a prior discussion with Evan Lorenz of Grant’s Interest Rate Observer, "This could be the biggest financial blow-up in the history of private placements.” Producer & Host: Demetri Kofinas Editor: Stylianos Nicolaou Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod |