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Rideshare Uber Announces Company Worth 17 Billion

Updated: Saturday, June 7 2014, 08:21 PM CDT

Less than a week after Uber launched in Austin, the company reveals it's worth billions of dollars.

Uber's CEO wrote in a blog post this weekend that the ridesharing outfit is valued at 17-billion dollars.

Uber allows users to hail a ride through a smartphone app.

The company began operations four years ago in San Francisco, California.

It now operates in 128 cities worldwide, including Austin.

Rideshare Uber Announces Company Worth 17 Billion


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