Why, Despite the Bad Press, Uber’s Valuation is Soaring High

Uber's decision to locate its "driverless car experiment" in Pittsburgh is an exponentially greater gift to the city than the simple creation of jobs. We know this because Uber has already opened its checkbook to lure away some of Pittsburgh's greatest technological minds with an eye on erasing the unease that comes with transportation. And assuming its speculation about driverless transportation proves correct, logic dictates that it will hire many more on the way to Pittsburgh-based innovation playing a major role in a technological surge that will author an impressive wealth explosion.

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