What Uber’s massive new investment really means



Kevin Kellher at Time explores the interesting position Uber holds after raising the largest single investment, of US$3.5 billion, ever made in a private company, from Saudi Arabia’s Public Investment Fund. With a market valuation of $62.5 billion and a spending bill similar to that of a much smaller startup, Uber faces the risk of an unfruitful investments when expanding into China and India.

Read more here.