‘The Dirtiest Money on Earth.’ Silicon Valley Has a Saudi Arabia Problem
Some of Silicon Valley’s biggest private players —the so-called unicorns —have managed to put off public listings thanks to a market awash in private capital. Exhibit A: Uber Technologies, which landed a staggering $3.5 billion from Saudi Arabia’s Public Investment Fund in 2016. Yasir Al Rumayyan, managing director of the fund, is one of a dozen members on Uber’s board of directors.
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