http://www.wsj.com/articles/uber-raises-3-5-billion-from-saudi-fund-1464816529 That's a lot of $$$
Just imagine if NYC taxi drivers had rallied together and funded an app called 'Taxi'!
lol
well they're never going to ipo
Gotta raise money when you are hemoraging so much cash!
3.5 billion is serious cash.
It is, it will cover their loses in china and india for almost 1.5 years!
5 billion isn't cool. You know what is cool?
5 trillion
that means no ipo even in 2018?
Maybe now they can afford to stop misclassifying their workers as contractors.
lol
They have to have them contractors so that they can rid of them in the distant future of self driving cars for which ppl are shelling so much money to Uber
3.5*