Uber Extends Alphabet Partnership With New Google Maps Contract
Drivers for Uber Technologies' (NYSE: UBER) ridesharing service and food delivery business will continue relying upon Google Maps to get people and orders to their destination after the master agreement between Uber and Google parent Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL) was updated and extended.
How drivers find their way around won't change, but it could mean a difference for Uber. The agreement changes how it is charged for accessing the mapping technology, from a system that prices the service based on the number of requests that are made to one that is based on the number of billable trips taken, with tiered, volume-based discounts included.
Image source: Getty Images.
Source Fool.com
