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Billionaire Mark Cuban turned down Uber for $2,50,00 investment in 2009, that would now be $2.3 billion
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₹$2.3 billion in the company/ He was approached by Uber cofounder Travis Kalanick about making investment in Uber at a valuation of $10 million. Currently, the company's market capitalisation stands at about $ 90 billion.
In the recent episode of Heart to Heart, Kevin Hart's talk show on the Peacock, Mark Cuban again mentioned his decision and regretted. “I said, ‘I’ll do it at [a] $5 million valuation,’" the Shark Tank star recalled, reported Fortune's Steve Mollman.
He was apprehensive that the regulatory pain faced by the Uber will hinder its progress. He also warned Kalanick that taxi commissions would “try to put you out of business," reported the magazine.
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