Uber Valuation 40 Billion

With an easy-to-use app, the company promises to tap a big market that links drivers and customers who need rides.

Popular but controversial US ride-sharing startup Uber is now valued at $40 billion, it said Thursday, twice what it was worth six months ago, after raising a fresh $1.2 billion in funding.

With an easy-to-use app, the company promises to tap a big market that links drivers and customers who need rides.

Popular but controversial US ride-sharing startup Uber is now valued at $40 billion, it said Thursday, twice what it was worth six months ago, after raising a fresh $1.2 billion in funding.