Uber has raised $ 15bn from private investors since it launched as part of a strategy to ward off smaller competitors in the ever-growing market for ride-sharing technology, says Andrew Ross Sorkin of Uber . “ Uber ’s money-grab is seemingly part of an unspoken strategy to mark its territory,” Sorkin writes. “Every time Uber raises another $1bn, venture capital investors and others may find it less attractive to back zero of Uber ’s Uber says it is profitable in North America, Europe, the Middle East, Africa and Australia — if you factor out taxes and interest payments. many rivals: Gett , China , Sorkin , Halo, Juno ”. However, according to Sorkin , this plan has not been particularly successful as yet, given that a long list of rivals has formed globally. Nevertheless, Uber ’s master plan could still come to fruition as these rivals will eventually run out of cash in the long-term and venture capitalists will become less inclined to invest in platforms going up against the mighty Uber .
Uber has raised $ 15bn from private investors since it launched as part of a strategy to ward off smaller competitors in the ever-growing market for ride-sharing technology, says Andrew Ross Sorkin of Uber . “ Uber ’s money-grab is seemingly part of an unspoken strategy to mark its territory,” Sorkin writes. “Every time Uber raises another $1bn, venture capital investors and others may find it less attractive to back zero of Uber ’s many rivals: Gett , China , Sorkin , Halo, Juno ”. However, according to Sorkin , this plan has not been particularly successful as yet, given that a long list of rivals has formed globally. Nevertheless, Uber ’s master plan could still come to fruition as these rivals will eventually run out of cash in the long-term and venture capitalists will become less inclined to invest in platforms going up against the mighty Uber .