Did you wonder why Saudis gave $3.5 billion to Uber?
Uber Turns to Saudi Arabia for $3.5 Billion Cash Infusion
SAN FRANCISCO — In its quest to build a global empire, Uber has turned to the Middle East for its biggest infusion of cash from a single investor. Uber said on Wednesday that it had raised $3.5 billion from Saudi Arabia’s Public Investment Fund, the kingdom’s main investment fund, in one of the largest-ever investments into a privately held start-up. The money was part of the ride-hailing giant’s most recent financing round and continued to value Uber at $62.5 billion. The investment, which was months in the making, does not cash out any of Uber’s existing investors. Uber, which has viewed the Middle East as an important area in its expansion, said the investment further aligned the company with Saudi Arabia as the kingdom planned to transform its economy, reducing its dependence on oil and improving employment. NYT Read More>>>>>
Human smugglers hail Uber drivers to take migrants to U.S.-Mexico border
MEXICO CITY (Reuters) - Human traffickers, who are finding increasingly creative ways to shuttle Central American migrants through Mexico to the U.S. border, have begun to use the Uber ride-sharing service. On June 10, five vehicles carrying 34 Central American migrants were apprehended while traveling together between the northern Mexican states of Zacatecas and Coahuila, said Segismundo Doguin, a Coahuila state official at the National Migration Institute (INM). Four of the vehicles were linked to the Uber Technologies Inc [UBER.UL] platform, Doguin said, but it was unclear whether the human smugglers had hailed the drivers using the Uber app. The drivers said they weren't the owners of the cars but worked as Uber chauffeurs, he said. Yahoo Read More>>>>>>
That's right the Saudis are using Uber to smuggle Muslims into the US & Europe!