Bible 3Q24 – Ride-sharing & Delivery: Demand growth unabated, investment thesis playing out in full.
Today, we are publishing the Ride sharing & Delivery section of our 25th Tech Infrastructure Quarterly Bible. The Tech Bible is a must-read for any tech investor, as it summarizes the quarterly earnings reports from the over 140 companies we track, providing an update on our key perspectives and convictions. In the coming weeks we will publish sections on Telecom Equipment, Industrials, and Foundry.Ride-sharing growth decelerated slightly as pricing growth slowed, though, with better supply limiting surge prices (and associated driver costs) and slower growth in insurance costs. We view this as a positive for the industry, making ride sharing more affordable, and supporting platform profitability.
Uber Technologies provides ride hailing services. The company develops application for road transportation, navigation, ride sharing, and payment processing solutions. The company serves customers in the United States and Canada, Latin America, Europe, Middle East, and Asia Pacific markets, excluding its discontinued China operations.
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