Uber's biggest rival? Its investor, Google
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UBER faces an ever-growing cast of adversaries that includes dubious regulators, litigious drivers, hostile members of the press, and some well-funded rivals. But the most significant threat to the app-based transportation company may be much closer to home: one of its biggest investors, Google.
Google Ventures, the search giant's venture capital arm, invested US$258 million in Uber in August 2013. It was Google Ventures' largest investment deal ever, and the company put more money into Uber's next funding round less than a year later. Back then, it was easy for observers to imagine Google partnering closely with Uber, or even one day acquiring it. David Drummond, Google's chief legal officer and senior vice president of corporate development, joined the Uber board of directors in 2013, and has served on it ever since.
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