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Car service startup Uber is looking to raise another $1 billion in funding just months after completing a major round, according to a new report.
The talks, first reported by the Financial Times , put the company's valuation beyond the $17 billion reported in June, when Uber raised $1.2 billion. Those numbers seemed hard to believe just a year ago, when the company was valued at just $3.5 billion.
Flush with cash, Uber would be able to easily out muscle smaller competitors like Lyft, which is becoming more of a rival, while also expanding internationally. Read more...
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