Strategy

Stat of the Week: August 7, 2020

How the pandemic has completely reversed Uber's business model.

We all know Uber for being the app that introduces you to new music, strangers, and unexpected parts of your town all in the comfort of a driver's Toyota Camry. But, with the pandemic wreaking havoc on traditional business models, Uber reported that food deliveries became a bigger source of revenue for the start-up than traditional passengers rides for the time in the company's history. Last month, it also snapped up the delivery platform PostMates for $2.65 billion.