If Uber is successful in raising $1.5 to $2 billion in additional funding, the company could be worth $50 billion.
The Wall Street Journal reports the San Francisco company told investors these figures are the target range for the next round of funding. The publication noted, if Uber achieves a $50 billion valuation, it would be comparable to what Facebook was worth before going public.
Uber has been quickly ramping up other types of offerings, including a food delivery service called UberEATS that might expand to the Bay Area in the future.
But, Uber has also been losing money and has accrued $5 billion in debt and equity, according to TechCrunch.
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