Uber worth $50 Billion

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SAN FRANCISCO – Talk about being Uber rich. The ride sharing app is worth an estimated $50 billion.

A latest round of financing would make Uber worth more than Fed-ex, Capital One and Direct TV. It all goes to show that investors like to hitch a ride on what's generating buzz.

The company is currently expanding its model and experimenting with a food delivery business and  a bike messenger service.