Uber Wants To Be The Amazon Of Ride Sharing - Plans IPO

Uber’s new CEO Dara Khosrowshahi announced Wednesday that the ridesharing company that has been clouded in controversy for the last few years is finally ready to go public, and intends to do so in the second half of 2019.

Khosrowshahi first mentioned the target timeframe for Uber’s planned initial public offering (IPO) while speaking to CNBC and reiterated it while on stage at Recode’s Code Conference late Wednesday evening, during which he said Uber wants to be the “Amazon for transportation.”
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USNA1999 - 5/31/2018 2:16:04 PM

+1 Boost

If the IPO has the same performance as AMZN, I am in!

supermoto - 6/1/2018 11:02:51 AM

+1 Boost

The problem with Uber's business model is that any company could copy it (e.g. Lyft). They really have zero assets.

If drivers were smart, they'd build an open source version of Uber with no corporation involved - that way drivers would keep 100% of the revenue.