Gadgets & Tech – Spoken Edition

Uber’s Unreal $70 Billion Valuation Really Was Unreal


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Today Uber, the biggest ride-sharing company in much of the world, got its hands on even more money by selling up to 20 percent of itself to Softbank and other investors in exchange for a giant sack of cash. But those investment dollars come with a catch. In order to raise more money, Uber sold a chunk of itself at a lower price than investors were once willing to pay. And with that, the company’s estimated worth suddenly looks incredibly different.
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Gadgets & Tech – Spoken EditionBy Gizmodo