The Big Reason Uber Will Come Back Strong in 2021
Despite the surge in demand for food delivery, Uber (NYSE: UBER) struggled to offset the massive decline in its mobility business during the coronavirus pandemic with its Uber Eats service. But as the pandemic abates, businesses reopen, and people start moving more, the mobility segment is coming into focus again. And Uber's well positioned to use the success of the delivery business in 2020 to propel the return of its mobility segment in 2021.
Uber's building a super app that can get people or things from point A to point B as quickly as possible. Whether that's a person, a meal, groceries, alcohol, prescription drugs, a package, or something else, Uber will get it where it needs to go. In an interview with Greylock earlier this month, CEO Dara Khosrowshahi said, "The way I think about the new Uber is this: if Amazon owns 'next day,' we want to own 'next hour.'"
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Source Fool.com
