During the week, I share some of the most interesting rideshare stories on Facebook and this week was chalk full of them! Today, RSG contributor, John Ince takes a look at Uber’s latest round of financing, some cool stories about drivers and a huge announcement by Sidecar!
Sum and Substance: Uber is fund-raising again. The mobile car-hailing application is in early talks to raise a new round of financing that could value the start-up at $50 billion, …Uber could raise around $1.5 billion cash, … The new capital will not be used primarily for expansion purposes, unlike Uber’s previous financing rounds. Instead, the funding is strategic. [Read more…]