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Uber to Exit Food Delivery in Italian and Israeli Markets, Focus Shifts to Sustainable Growth - Uber Technologies (NYSE:UBER)

Uber Technologies, Inc. (NYSE: UBER) is reportedly planning to shut its food delivery business in Italy and exit Israel. ....

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Uber to Exit Food Delivery in Italian and Israeli Markets, Focus Shifts to Sustainable Growth

Uber Technologies, Inc. (NYSE: UBER) is reportedly planning to shut its food delivery business in Italy and exit Israel. The company has not built "sufficient market share" in these places, owing to which it is planning a cessation, Reuters reported citing an anonymous company spokesperson. The moves were "in line with our efforts to focus on markets where we have opportunities for sustainable growth," the report added, quoting the spokesperson. Also Read: New Era In Ridesharing: Ford And Uber's ....

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