Uber receives ultimate disruptor stamp of approval


  • TECH
  • Friday, 03 Jun 2016

Hauled up: Uber's Amsterdam HQ has been raided by Dutch prosecutors.

NEW YORK: Uber has just received the ultimate stamp of approval for its status as disruptor-in-chief. 

The taxi-hailing app on June 1 snared a US$3.5bil (RM14.55bil) investment from Saudi Arabia's Public Investment Fund. The move does not just signal another move by the kingdom to hedge its dependency on oil. It also confirms that Uber will be a central player in the shift to electric vehicles that drive themselves. 

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