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Under pressure from investors to start generating profits, Uber plans to combine its Uber Eats and carpool applications to bet that loyal service users will start using the other.
"We want Uber to be the operating system of your everyday life," said Executive Director Dara Khosrowshahi in a statement posted on the company's website. "Whatever your choice, we want Uber to be your favorite application."
| Teleprinter | security | Latest | Change | % Chg |
|---|---|---|---|---|
| UBER | UBER TECHNOLOGIES INC. | 30.66 | -0.91 | -2.88% |
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The new generation app, tested in hundreds of cities in the United States and around the world, combines Rides, Eats and future services. It will accompany an effort to ensure that every guest is treated like a VIP, Khosrowshahi. I said.
Shares of the San Francisco-based company have fallen by 30% since their IPO in May. In the first half of 2019, its losses were $ 6.2 million. This loss resulted largely from stock-based compensation, worth $ 4 billion, paid to employees and to be declared with the purchase offer of $ 40,000. ; actions.
It remains to be seen if Uber customers will be satisfied with the new business strategy.
"It's a big change for us, but we, as a company, have never been afraid of big changes," Khosrowshahi said.
Associated Press contributed to this report.
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