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Despite Layoffs Uber Keeps Investing

TheMotleyFool

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Uber (NYSE: UBER) just laid off 3,700 full-time employees, but that isn't stopping the ridesharing company from investing in other start-ups during the pandemic.

Lime, the electric scooter and electric bike company hailing, announced Thursday Uber that is leading a $170 million investment in the company. Other investors participating in the fundraising round include Alphabet, Bain Capital Ventures, and GV among others.

IMAGE SOURCE: GETTY IMAGES.

Source Fool.com

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