Friday, December 5, 2014
Incredible! Uber raises ANOTHER USD1.2 billion round!
Uber has now raised a total of USD2.7 billion in funding, and is reportedly valued at USD40 billion.
Perhaps Uber will end like Aereo or Fab! It seems to be only a big smoke bubble.
"Uber has now raised USD2.7 billion in funding, with a very long list of investors that includes Menlo Ventures, Google Ventures, Kleiner Perkins Caufield & Byers, Summit Partners, BlackRock, Wellington Management, Benchmark, TPG Growth, Troy Carter, Jeff Bezos, CrunchFund, Goldman Sachs and a whole lot more."
There is a large dotcom bubble fueled by venture investment funds, investors who are dragging other investors to continue investing until they can sell shares of the company and recover leveraged money, but the last holder of shares is going to lose.
Please see: tech space that is out of control: WhatsApp
"Social media faces doubts after latest round of results"
Many companies had been operating at a loss for years!!! They will never be profitable.