Data Sheet—What the Glow of Wall Street’s Mood Ring Says About Uber’s IPO

The word is that Uber has lowered its hoped-for valuation in its coming initial public offering to as low as $80 billion. That’s compared with the last guesstimated level of $100 billion and below the $120 billion its bankers previously hoped it would fetch. Oh, and there’s also news that PayPal will invest $500 million […]