Wednesday, November 26, 2014

Uber raising funding at a USD40 billion valuation?

"Earlier this month, it was reported that Uber would be raising another USD1 billion in funding at a possible USD25 billion valuation. After the scandalous week that the company just had, though, some may have questioned how investors would react. After VP Emil Michael suggested that the company should devote USD1 million to dig up dirt on the personal lives and families of journalists who say mean things about the company, would they balk at putting their money in?
Nope. Not at all. In fact, they are going full steam ahead."

Uber raised USD 1 Billion? Crazy

Perhaps Uber will end like Aereo or Fab!

Please read also: Not every company that raises USD1 billion will be the next Facebook

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