As Uber One surpasses the $1 billion run-rate mark, the company promises exclusive perks for its members.

Quick Summary:

The introduction of member events is an attempt to attract more subscribers, who tend to send more on the platform and use more of Uber’s products.“I’ll remind folks that members spend 3.4 times as much as non-members per month, so it is a great vehicle for us to drive adoption and drive, really, attachment with our various services, as well,” said Mahendra-Rajah.

Yet despite increased demand, the company posted a $654 million loss – a surprise to analysts who expected a profitable quarter  after Uber reported its first full-year profit in 2023.

He said Uber’s recent deal with Instacart, which allows Instacart customers to use the app to order from Uber Eats restaurants across the U.S., will help Uber grow in the suburbs.

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Article Details

Author / Journalist: Rebecca Bellan

Category: Technology

Markets: United States

Topics: Uber Transportation Ride hail Delivery Apps

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-08 @ 14:41:36 (1 weeks ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 799 words

Reading Time: 5 minutes read

Sentences: 27 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 20916401

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