https://www.cnbc.com/2019/04/26/paypals-mega-deal-with-uber-signals-growing-global-ambitions.html

PayPal is on a spending spree. Its latest mega-investment in Uber this week hints at a larger strategy to compete abroad.

The payments giant is investing $500 million Uber ahead of the highly anticipated IPO, according to Uber's updated S1 filing. In March, PayPal invested $750 million in Argentina's e-commerce giant MercadoLibre.