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>Just three months after raising an enormous sum of money from investors, Uber is at it again.

My question is if they raised money 3 months ago, what happen between that time and now for them to raise 1 billion?

Perhaps Uber believes they seen the end of cheap money coming soon and they want to build a defensive bank to get them through the lean times. Raising $1B at a $70B valuation is only giving up 1.4% equity so why wouldn't you be raising if you can?

International legal council, lawsuits, fines, and the free fares offered in some areas probably eat into the runway quite quickly.

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