Uber has generated significantly more revenue than Facebook did in a similar amount of time — the ride-sharing company had over $400 million in revenue last year, while Facebook had generated only $2 billion in revenue when it reached the $50 billion valuation.
[The Washington Examiner / Barbara Boland]
The company’s fast rise to $50 billion reflects its aggressive global expansion into more than 300 cities and growing popularity ferrying millions of riders daily.
[The Wall Street Journal / Douglas MacMillan and Telis Demos]
Microsoft Corp. has agreed to invest about $100 million, a person with knowledge of the matter said.
[Bloomberg Business / Dina Bass]
Uber “hasn’t publicly discussed plans for an initial public offering,” though it has taken other steps that suggest it may be preparing to do so.
[Slate / Jacob Brogan]