With IPO due, Uber aims to be 'Amazon of transportation' - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABC News Online
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

With IPO due, Uber aims to be 'Amazon of transportation' via SABCNewsOnline

Uber laid out its vision of a transformed world of personal mobility as it steered toward a keenly anticipated stock market debut.

“Cars really were, for us, a kind of starting place,” said transportation policy and research chief Andrew Salzberg at an Uber media event in Santa Monica, California. “The idea that every time you walk outside there is this electric, fun-to-ride vehicle waiting to take you to your next destination is really incredible,” said Nick Foley, head of product for Jump, the electric bike startup acquired by Uber.

Combining electric motors with light-weight scooters or bicycles, and having them on streets to be used on demand, provides an ideal method of getting around in traffic-troubled cities, according to Uber. The California-based startup’s collaboration with cities includes sharing anonymous traffic flow data with officials in charge of public transit, bicycle lanes, parking and road planning.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 32. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Uber and Lyft to offer drivers shares in stock market listingRide-hailing firms plan to offer cash bonuses to some drivers, with the chance to put them into shares
Source: BDliveSA - 🏆 12. / 63 Read more »

Lyft races ahead of Uber to Wall Street listing - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Lyft filed documents Friday for its stock offering, racing ahead of ride-sharing rival Uber for a Wall Street listing that sets the stage for a series of big venture-backed tech firms to hit public markets. The initial public offering (IPO) filing offered the first glimpse of Lyft’s finances and showed the San Francisco firm lost …
Source: SABC News Online - 🏆 32. / 51 Read more »