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I don't understand why Uber has been so obsessed with buying another company in the US food delivery market.
by rchandna 6y ago
I don't understand why Uber has been so obsessed with buying another company in the US food delivery market.
- manigandham 6y agoIncrease network, decrease spending to beat out a competitor.
- rchandna 6y agoTrue, I could see them going down the route of heavy discounting / price promotion.
- deleted 6y ago[deleted]
- rootsudo 6y agoDistraction and probably an excuse why they have high liabilities. I don't see the difference, personally.
- uber473453 6y agoThe CEO is a banker. Naturally he sees M&A, not innovation, as the company's future.
- Jommi 6y agoIt's been an M&A company for years now. Just look at its portfolio of ownerships in competing local leaders like Didi, Yandex and Grab. It's a perfect food delivery ride hailing super app investment fund!
- rswail 6y agoDidi and Grab weren't M&A to Uber, Uber in their cities/countries were acquired by Didi/Grab via stock.
- Jommi 6y agoHow is that different? You could just rephrase what you said to say: Uber purchased non-trivial shareholder positions in their global competitors. For example the case in Russia was a quite literally a merger. Uber and Yandex made a joint venture, which operates in Russia and some former eastern bloc countries.