Loading ...Saudi-Uber Deal Causes a Social Media Storm
By Leyal Khalife
Stepfeed
Following Saudi Arabia’s recent $3.5 billion investment in on-demand riding service Uber, some have taken to social media to voice their thoughts on the matter, criticizing the entire deal from start to finish.
Some are doing the math as to how many startups could have been funded with all that money…
Some are speculating, thinking it’s all part of a bigger plan…
So the Saudi government decided to invest in $3.5 billion in Uber. Man, they really don’t want women to drive. https://t.co/FUEMbeoH9r
— Josh Rogin (@joshrogin) June 1, 2016
“Uber attracts $3.5bn from Saudi Investment Fund”. Wow! Now there’s even more money against allowing women to drive https://t.co/uQu0C32Qw6
— Daniel Levitt (@DanielLevitt32) June 2, 2016
While others are wondering why the investment couldn’t have been in a regional company… say Careem?
@balajis @fadig mixed feelings on KSA uber investment. Great support for tech but Why not in local Careem? Why not invest in Saudi startups?
— Karim Sarkis (@kmsarkis) June 2, 2016
Some are highlighting Saudi’s investment in home-grown startups…
Saudi sovereign fund invests $0 in local #startups ,$3.5 BILLION in SF based Uber🙄 #blueeyes https://t.co/vw4vkF7CPL pic.twitter.com/gG42fbHa2a
— Elie Habib (@elie_h) June 1, 2016
And pointing out that it isn’t “actually” good for women…
Uber rationalizes Saudi Arabia investment with a Hall of Fame “actually” https://t.co/5QRg8IqM4I pic.twitter.com/pWmwUZsEs1
— Brian Barrett (@brbarrett) June 2, 2016
source: stepfeed.com