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October 2, 2020 08:20 pm GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/xup_EVDVJr8/
Uber sells $500M stake in its freight business as the ride-hailing giant works to conserve cash
One year ago, Uber’s business model could be categorized as an “all of the above approach,” a strategy to generate revenue from all forms of transportation, including ride-hailing, micromobility, logistics and package and food delivery. The COVID-19 pandemic upended that business strategy, prompting Uber to offload its shared micromobility unit Jump, double down on delivery […]Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/xup_EVDVJr8/
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