Saturday , October 21 2017

Uber valued at more than $50 billion in new round of funding.

Uber Technologies Inc. has closed a new round of funding valuing the five-year-old ride-hailing company at close to $51 billion, according to people familiar with the matter, equaling Facebook Inc.’s record for a private venture-backed startup.

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Yahoo buys social shopping website Polyvore for undisclosed amount.

Yahoo Inc. Chief Executive Marissa Mayer’s acquisition spree shows no signs of abating. Friday afternoon, the company announced the acquisition of Polyvore, a fashion commerce site powered by community members that create image collages to put together outfits and interior design plans.

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