The Bankwatch

Tracking the consumer evolution of financial services

Uber is not going anywhere after raising $1.2 Bn

Despite a few missteps that seemed to place Uber on the wrong side of ‘do no evil’, (Uber Godview) this financing round seems to unequivocally see them as a force that will continue to expand and battle against legal and taxi interests attempts to slow them down.

Uber valued at $40bn in latest funding round

Investors looked past Uber’s recent controversies over its handling of competitors, the press and users’ privacy to give it a huge $40bn valuation as it announced the completion of a $1.2bn funding round on Thursday.

Written by Colin Henderson

December 4, 2014 at 23:23

Posted in Uncategorized

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