The Uber IPO exposes how Saudi cash drives Silicon Valley innovation, and even the biggest tech companies can’t stop it

Uber's S-1 filing showed that Saudi Arabia's Public Investment Fund owns 5% of the company.

Saudi Arabia has been criticized for human rights abuses and repressive laws, so it's a problematic source of cash for Silicon Valley, which prides itself on changing the world. Silicon Valley's relationship with an undemocratic regime that has a troubling human rights record is in the spotlight. The adversary in this cross-border drama is China, which has raised alarm bells in the US as it bulks up its homegrown tech industry and arouses suspicion of spying and influence.

Give us $$$$CNN CNN WSJbusiness nytimes abcactionnews ABCPolitics USATODAYmoney DailyMailUK guardian Independent DailyMirror MadMoneyOnCNBC

Please , more article like this . Still , your crying cannot reach us 😂😂😂

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Aramco: Here's everything you need to know about the world's most profitable company's debut bondSaudi Aramco smashed expectations to secure a debut bond issue with lower yields than the Saudi Arabian government, which owns the company.
Source: BusinessInsider - 🏆 729. / 51 Read more »