Why Uber’s deal with Facebook could hurt the company’s reputation
Posted On July 20, 2021
Uber is buying Facebook for $19.9 billion, a deal that could be a major blow to the social network.
The deal comes amid a major social media backlash from critics who say Facebook is an unfair and unfair-to-the-average-user business model.
But some critics of the deal say it could be more damaging to the company.
The deal is expected to close by the end of the year.
The Facebook-Uber deal was first reported by Business Insider.
It would allow Uber to continue to operate a private taxi service without having to compete with UberX, an app that connects riders with drivers.
Uber is also in talks with a fleet of privately operated taxis to compete against the likes of Lyft and Sidecar.
The service currently allows users to hail a vehicle, and drivers can be hired by Uber.
The new UberX app would allow drivers to book an Uber and pick it up.
The company said it would use the revenue generated from the service to support other investments in its global workforce.