That's a stale valuation, Uber's latest round was significantly down from that. The Softbank tender valued Uber at $48B, so a more up-to-date estimate would be:
0.34 * 0.01 * $48B = $0.163B 0.34 * 0.01 * $48B = $0.163BWho knows, perhaps that may end up being the most accurate value..
This happened with multiple other companies like Facebook and AirBnB, so I don't see why in the case of Uber that anyone who is informed can conclude that it was a down round.