What you need to know about the popular restaurant chain, uber eats, before it goes bankrupt
With more than 2,000 restaurants in 14 states and Washington D.C., the fast food giant Uber is on the rise.
But one restaurant in Florida is being left out.
In August, the restaurant chain announced it was being acquired by a group of local investors.
The announcement followed a string of losses for the company, including a $1 billion valuation that was cut down to $600 million after a bankruptcy filing.
Uber’s parent company, Seat Media, sold off its stake in the company.
In November, Uber CEO Travis Kalanick took over the reins as CEO.
The acquisition was a surprise.
Uber was one of the first tech companies to launch in the U.S., and the new ownership group is expected to be focused on growth.
Uber said it would focus on expanding its restaurant empire.
UberX, which provides ride sharing services to ride-hailing companies, will continue to operate as a standalone service.
Uber’s apps are now available on smartphones and iPads, with the company also making inroads in video-sharing apps.
UberX customers in Florida will have the option of joining the UberX UberX service.
The new group is looking to tap into the fast-growing market for driverless vehicles, which will create a massive opportunity for the ride-sharing company.
The announcement came after Uber lost nearly $5 billion during the first half of 2017.
Kalanicks recent exit from the company and a $50 billion capital raise are expected to help the company recover.
Uber had more than 700,000 drivers and has nearly 3,000 locations in 26 countries.