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What's moving markets today: Live updates - CNN

Uber and Lyft may look similar, but their ambitions are different. Lyft wants to be a consumer transportation company; Uber wants to be more like Amazon.

Like Amazon, Uber is trying to branch into a broad range of services. The short list includes ride hailing, meal deliveries, freight shipping and even renting out kitchen space. Uber has explored a wider, and arguably flashier, range of transportation options, including boats, helicopters and flying cars.

To help explain Uber's strategy, the company has repeatedly compared itself to Amazon: "Cars are to us what books are to Amazon," Uber CEO Dara Khosrowshahi said at one event last February.

A few months later, Khosrowshahi declared that Uber wants to be "the Amazon for transportation."

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https://www.cnn.com/business/live-news/stock-market-news-today-051019/index.html

2019-05-10 13:56:00Z
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