Uber Wants to be an Amazon

Written by ndisisnd | Published 2019/12/07
Tech Story Tags: business | startup | startups | entrepreneurship | uber | technology | uber-profitability | hackernoon-top-story

TLDR Uber CEO Dara Khosrowshahi believes that Uber can do the same in all areas of transport. He envisions a world of making everything shared, affordable, and a solution to worsening traffic congestion. However, this household name will have a very tough time building that sort of ecosystem out. Uber has made 75% of that in losses, reporting a loss of more than $5 billion in the last quarter and losing another $1 billion this quarter despite reporting a 30% growth in revenue. Uber is facing rough, stormy seas around some of its major markets.via the TL;DR App

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Written by ndisisnd | Founder @ Human+Business. Content marketing @ Reedsy, Writer @ Truth Cartel. Startups & tech.
Published by HackerNoon on 2019/12/07