In the daily newsletter today, I mentioned that Uber's new strategy makes it a kind of anti-Tesla in that it's all about transportation rental and usage versus ownership. And I want to expand on that a little here.
Uber's big plans
Since Uber is going public soon, the new CEO is making a lot of media appearances. And his interview with the Financial Times is insightful regarding where the company is headed.
Dara Khosrowshahi, the former Expedia head, is the new chief executive. And he seems to be expanding Uber's push outside of the car rental business. Just to back up for a second, Uber started in a narrow market of executive limousine and limousine driver rental of UberX before opening up its model to include the ubiquitous peer-to-peer ridesharing model you see now. But like Amazon's ...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.