Article courtesy of Forbes, written by Dan Primack.
The ride-hailing giant disclosed last night that it has secured a whopping $3.5 billion investment from Saudi Arabia’s Public Investment Fund, and that PIF managing director Yasir Al Rumayyan will join its board of directors.
Put another way: Uber has taken a $3.5 billion investment from a government that effectively prohibits women from driving—let alone driving for Uber. Uber also has accepted a $3.5 billion investment from a government that requires women to have male guardians.
Featured Image: Saudi activist Manal Al Sharif, who now lives in Dubai, flashes the sign for victory as she drives her car in the Gulf Emirate city on October 22, 2013, in solidarity with Saudi women preparing to take to the wheel on October 26, defying the Saudi authorities, to campaign women's right to drive in Saudi Arabia. (Photo by MARWAN NAAMANI/AFP/Getty Images)