Friday, July 31, 2015

Thank You Janet Yellen: Uber Valued at Over $50 Billion

Uber has closed a new round of funding valuing the five-year-old company at close to $51 billion, WSJ reports.

Uber raised close to $1 billion in the round.

According to WSJ, investors in the latest round include Microsoft Corp. and the investment arm of Indian media conglomerate Bennett Coleman & Co.

Uber is a very interesting company, but no way does it get this type of valuation without newly printed Federal Reserve money floating all around.

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