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.

What is the current valuation of Uber after their recent funding round?

What does John Zimmer suggest about the impact of competition on Lyft's success?