Even with all the troubles Uber has seen over the last 12 months, they are still driving forward faster than any other company is history. Uber is a very rich company, without a shadow of a doubt, but they still feel they have much more to do to change the transport industry in every city in the world.
Recently, another $1 billion investment came their way, which pushed Uber over the $50 billion valuation. This means Uber has reached the milestone two years quicker than Facebook has. According to sources, one of their latest rounds of investment came from Microsoft. There hasn‘t been an official announcement from either company, but the rumoured latest investment is around the $100 million mark.
It’s unclear whether this means they’re pursuing a deeper relationship or if they’re working on a project together, but we do know Uber acquired a part of Bing‘s mapping technology.
Many big tech companies are flocking towards Uber. Chinese internet giant Baidu invested right after Uber announced they were worth more than $40 billion, and Amazon founder Jeff Bezos put his money in the company way back in 2011. Google also invested more than $250 million in Uber in 2013 through Google Ventures.
Do you think Uber can overcome their regulatory issues in South Africa and around the world? What do you think about the service as a whole? Let us know in the comments below.
Source: The Wall Street Journal
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