With IPO Upcoming, Uber Seems Intent on Dominating the World of Transportation, Profit Looms as Challenge

May 6, 2019 12:43:05
  • As Uber prepares for its IPO this month, the company has announced some bold plans to expand the scope of its operations
  • A comparison between Uber and Amazon has already been drawn; in the near future, Uber could be dominating many areas of the transportation market, much like Amazon is a giant in the retail space
  • Uber’s IPO is anticipated to be one of the biggest for a tech company in history; the company is seeking a valuation in the range of $90 billion to $100 billion

Ridesharing company Uber Technologies Inc. is providing clear signals that it’s working toward dominating the world of transportation as it’s prepares for its IPO on May 10, 2019.

From food delivery to freight, the company has bold plans that will potentially increase the scope of its operations, as a May 2019 Wall Street Journal report details…

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