FT News Briefing Uber’s drive for ‘super app’ status
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Oct 21, 2024 Stephen Morris, FT San Francisco Bureau Chief, and Anu Adioye, FT West and Central Africa correspondent, dive into the ambitious plans of Uber to transform into a 'super app,' hinting at a major acquisition of Expedia. They explore the challenges Uber faces in broadening its service offerings beyond ride-hailing. Anu sheds light on the initiatives by African oil-producing nations to secure funding for fossil fuel projects amidst climate change debates. The conversation also touches on Boeing’s labor issues and the implications of investment strategies in Africa.
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Uber's Expedia Exploration
- Uber explored acquiring Expedia to bolster its travel offerings.
- This potential acquisition demonstrates Uber's commitment to expansion.
Uber's Super App Ambitions
- Uber envisions becoming a "super app", expanding beyond ride-hailing.
- It aims to be a one-stop shop for travel and delivery services.
Africa's Energy Dilemma
- African nations seek funding for fossil fuel projects despite climate concerns.
- They argue that addressing "energy poverty" is a priority before transitioning to green energy.