Uber Technologies Inc. (NYSE: UBER) Battles for Survival and for New Success in Pandemic-hampered Global Marketplace

September 3, 2020 13:09:48
  • Uber Technologies has established itself as a tech giant innovator over the course of a decade since it launched ride-sharing services in California’s Bay Area, now with transportation operations in 67 countries
  • The company has threatened to leave California, however, if it is unsuccessful in drawing enough voters to support a ballot measure in November that would nullify state law requiring gig economy giants to reclassify their contract workers as employees
  • Uber also faces similar legal challenges in other states and overseas, but continues to demonstrate its resourcefulness through M&A activity that has added new channels for revenue
  • The acquisition activity is providing the company with a necessarily diversified revenue stream at a time when its flagship ride-share operations are witnessing a devastating plunge in use as a result of the COVID-19 pandemic
  • Uber’s Eats and Freight divisions have seen growing traffic as a result of the pandemic, and Uber launched two new courier services in the spring that also are helping the company to remain nimble amid the new health crisis trends

Uber Technologies (NYSE: UBER) emerged as a world-class innovator when it launched its disruptive ride-share business a decade ago, drawing on the Big Tech mindset of liberating the worker from the daily workplace grind to better breed employee engagement and productivity (http://nnw.fm/QWCjC). The company now finds itself in a high-cost battle to preserve its established brand operations in various U.S. states and abroad, and with a potential time limit drawing near it continues drawing on its ability to innovate for simple survival as well as to deliver new successes.

“This is the 21st century. People don’t have jobs; they have gigs. This is a vast improvement over the industrial revolution way of thinking, where you go to the factory and put part A into slot B for 8 hours a day,” investment strategist and publisher Jared Dillian wrote in a Bloomberg LP media opinion piece favoring Uber amid the…

Read More>>

For more information, visit the company’s website at www.Uber.com.

About NetworkNewsWire

NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)

For more information, please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
212.418.1217 Office

NetworkNewsWire is part of the InvestorBrandNetwork.