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Uber's $1.2 billion funding round also poses big challenges

SAN FRANCISCO Uber's announcement Thursday that it nabbed $1.2 billion from investors shattered all sorts of Silicon Valley startup records. And news of the funding most likely elicited high-fives throughout the Uber empire, since the investment Uber's second of that size in six months values the 5-year-old startup at $40 billion, making it the most valuable startup among all venture-backed private companies. It also means San Francisco-based Uber is now worth more than Tesla, Salesforce, LinkedIn, Twitter and Netflix. But the big-dollar valuation sets up even bigger expectations that the ride-service app company may struggle to meet, particularly as it prepares for an initial...