Uber Reaches 50 Million Members in Uber One and Expands into Sparse Markets
Uber Technologies (NYSE:UBER) announced that its Uber One membership program has surpassed 50 million members, a 50% increase year over year. These members account for about half of the company's bookings and spend approximately three times more than non-members. CEO Dara Khosrowshahi emphasized using this growth to improve customer retention amid price competition. The company is also focusing on expanding into
Tickers: $UBER
Topics: autonomous vehicles delivery services market expansion membership growth