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Uber is worth five times Greece’s banks

In case you haven’t heard, Greek banks are doing really, really badly.

Uber CEO Travis Kalanick works with fourth graders during Cooking Matters,   a nutrition class taught by 18 Reasons,   a local partner of Share our Strength at Glen Park Elementary School in San Francisco

Shares in the nation’s biggest lenders have been sliding for about a year, and then fell off a cliff in the last two days when the Athens stock exchange reopened for business for the first time in five weeks.

The crash has left the banks virtually worthless. Together they have a market value of just over 9 billion euros ($9.9 billion). That’s a fifth of Uber’s estimated value, and less than half what Airbnb is worth…

For the full story click here

CNNMoney.com

 

 

 

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