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Uber Eats doesn’t plan on eating its competition – for now, Recode

Uber Eats doesn’t plan on eating its competition – for now, Recode


  

Food delivery companies might be buying each other uprightandleft, but that’s not on the menu for Uber Eats.

“It’s not my strategy right now,” Jason Droege, vice president of Uber Everything, the vertical in charge of Uber Eats, told Recode’s Jason Del Rey and Kara Swisher Tuesday at the Code Commerce conference in New York City.

“We don’t really think about the business that way, at least I don’t,” Droege said of whether he would acquire other food delivery companies. “My personal background – I’m typically in early-stage, I’m a builder. The business isn’t even four years old yet. Let’s just execute and get the business right. And if we do that, then if there’s opportunities to [acquire other businesses] then fine. ”

Instead of consuming its competition, he said, Uber Eats is focused on organically growing the business and expanding its own offerings, like adding groceries and other options to its restaurant delivery and rides businesses .

“We think that that’s complementary with food delivery. And then you put rides in there and you get a city OS [operating system], if you will, or a remote control for your city, and you can get all the things you might transact within your city. I’m excited about that. ”

Uber, whichjust laid off more than 400 peopleand whose market capitalization ishalf the price it was valued at on the private marketnow that it’s gone public, has also been trying hard to save money. The companylost more than $ 5 billion last quarteron revenue of $ 3 billion.

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