Uber Sells $500 Million Stake in Freight Operation

Uber has agreed to sell a $500 million stake of their freight business to New York investment firm Greenbriar Equity Group in a Series A preferred stock financing. Alex talks about the new deal that values Uber’s freight business at $3.3 billion and breaks down why he thinks a three sided marketplace is the best platform opportunity for the freight industry.

This is an excerpt from episode 119 of Winner Take All. Watch the full episode here: youtu.be/Py0Ju5rxQUA

Originally Aired: 10/06/20

Uber sells $500M stake in its freight business as the ride-hailing giant works to conserve cash: techcrunch.com/2020/10/02/uber-sells-500m-stake-in-its-freight-business-as-the-ride-hailing-giant-works-to-conserve-cash/

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