Millennium Post

Uber picks up $1 bn more from investors

Uber said on Thursday that it expanded its latest funding round to pick another one billion dollars from investors eager to put money into the ride-sharing service. The company’s Series E financing lid was raised to $2.8 billion overall, not changing Uber’s dizzying valuation of around $41billion but pumping up its coffers as it expands globally despite efforts by the traditional taxi industry to put up roadblocks. UberPool is a service that lets several passengers share a ride to a common destination.
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