Uber Valued at $40B in $1.2B Equity Funding

Uber has successfully raised $1.2 billion, valuing the company at $40 billion. Despite the pressure from its chief rival, Lyft, Uber continues to grow. Lyft co-founder John Zimmer discusses Uber's attempts to disrupt Lyft's fundraising efforts, which ultimately failed as Lyft exceeded its fundraising goals. Zimmer emphasizes focusing on their own strategy and success, despite competitive challenges.

How much did Uber raise in its latest funding round?

• $40 billion

• $500 million

• $1.2 billion

• $2 billion

What is the valuation of Uber after the recent funding?

• $50 billion

• $30 billion

• $40 billion

• $20 billion

Who is Uber's main competitor mentioned in the transcript?

• Grab

• Ola

• Didi

• Lyft

What was Lyft's initial fundraising target before exceeding it?

• $250 million

• $200 million

• $150 million

• $100 million

How much did Lyft eventually raise in their fundraising effort?

• $150 million

• $200 million

• $250 million

• $300 million