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Uber aims to become a “super-app”

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Miguel A. Rodriguez
Miguel A. Rodriguez
06 April 2022
Uber to test new features on the UK market

The ride-hailing company announced that it is expanding its fleet with trains, buses, planes, and car rentals to its UK app this year. This move is part of a pilot initiative that could be expanded to more countries later if everything goes well. Uber itself won’t provide the services, but the company will allow users to use the app through platforms that sell tickets. Various partners will be announced in the coming months. The company also plans to let people buy Eurostar train tickets through the app.

“You have been able to book rides, bikes, boat services, and scooters on the Uber app for a number of years, so adding trains and coaches is a natural progression. […] Later this year, we plan to incorporate flights, and in the future hotels, by integrating leading partners into the Uber app to create a seamless door-to-door travel experience,” stated Jamie Heywood, Uber’s boss in the UK.

According to Uber, this new feature will help boost app usage in the UK, one of the company’s largest markets outside the US.

The move comes after on March 26, Uber secured a 30-month license to continue its operations in London, ending a battle with city regulators over whether the app was “fit and proper.”

Following the news, Uber’s stock price was trading more than 1% lower.

Sources: finance.yahoo.com, cnbc.com

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.