Uber raises another $1.6bn to fund global expansion

Latest fundraising, from clients of Goldman Sachs, further increases the already stellar value of the controversial car-hailing serviceUber has raised a further $1.6bn from investors as the car-hailing service accelerates its plans for global domination.The company, the world’s most valuable venture-backed start-up, was already worth about $41bn (£27bn) before the latest injection of funds from clients of Goldman Sachs’ wealth management service. Continue reading...