The Amazon logo is displayed at the Nasdaq MarketSite, in New York's Times Square, Tuesday, May 30, 2017. (AP Photo/Richard Drew)
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In the rapidly evolving gig economy, there is a new way to car shop: spot one on the road that appeals, snap its photo with your phone and an app will contact sellers of similar cars near you and negotiate the lowest price – all within a few minutes.Investors now include some of the Gulf's wealthiest individuals and biggest companies.Abdulrahman Tarabzouni, a Saudi national who was at Google in Silicon Valley, returned last year to run a $500 million investment fund for new technologies at Saudi Telecom Co.The last funding round, in May, raised $41 million from nine investors – seven of them based in the Gulf.Most technology companies are young and looking for funding of around $25 million to $50 million.Like everywhere, startup funding is a risky business.When Amazon.com acquired the company a year later it paid $580 million.In the short-term, more capital will drive up valuations and that could scare off some investors, especially if people start losing money.
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