Uber Will Keep Raising Capital Until There Is No More Private Money Left

The Ayn Rand themed car service is now making a habit out of "Billion dollar rounds."

This is becoming something of a habit...

Uber, a ride-hailing service, is planning to raise close to $1 billion in new venture capital from investors, according to people close to the matter. Investors are looking at a valuation of $60 billion to $70 billion.
If successful, the round of fund-raising would make Uber the world’s most valuable private start-up by far. A round this summer valued the company at more than $50 billion, a bit more than Facebook was valued at after its last big round of private capital fund-raising in 2011.

You're not imagining it, Lyft. Those are Carl Icahn's red eyes burning a hole in the back of your head.

Uber Said to Plan Another $1 Billion in Fund-Raising [DealBook]