Uber gets to $50B valuation faster than Facebook did

Uber on Friday became the second venture-backed company to hit a valuation of $50 billion, and it did it a year faster than Facebook did. The Wall Street Journal cited unnamed sources who said the San Francisco on-demand transportation company raised $1 billion in new funding that values the company at about $51 billion. It did that in just six years since it was founded in 2009, compared to the approximately seven years it took Facebook to hit $50 billion. Facebook went public at a valuation…
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