Some Morgan Stanley customers willing to invest big money in Uber without seeing books; report

It's clear who European taxi drivers see as their enemy. (Credit : Greg Sandoval)
    In what could be seen as either a vote of confidence or a foolish bet, a group of investors are “piling into a special fund” offered by investment bank Morgan Stanley that will eventually contribute $ 500 million to Uber’s coffers, The New York Times reported Friday. What’s different about this group is that they’re willing to plunk down large sums without being provided any specifics about Uber’s finances, according to the Times. To qualify for the fund, called “The New Riders,” one must possess a minimum net worth of $ 10 million and invest at least $ 250,000, the Times… Read More
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