A roundup of today’s big stories in hyperlocal publishing, marketing, commerce, and technology…

Uber Turns to Saudi Arabia for $3.5 Billion Cash Infusion (New York Times)
In its quest to build a global empire, Uber has turned to the Middle East for its biggest infusion of cash from a single investor. Uber said on Wednesday that it had raised $3.5 billion from Saudi Arabia’s Public Investment Fund, the kingdom’s main investment fund. Uber views the Middle East as an important area in its expansion.

7 Key Data Points from Mary Meeker’s 2016 Internet Trends Report (Recode)
Mary Meeker, partner at Kleiner Perkins and a longtime tech industry analyst, says that growth of internet businesses is slowing down, and that image sharing and messaging apps are the future. Here are some of the key data points from her talk that you should know about. AdWeek: This year’s presentation underscores the growth of mobile, particularly on social platforms that now control the bulk of ad spending and

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Source: Street Fight