Khosrowshahi is searching for new businesses. In the last few months, Uber bought a start-up that rents electric bicycles, invested in another one that rents electric scooters and went to work on its own scooter-rental business. Alongside its U.S. ride-hailing rival Lyft Inc., Uber is on track to roll out scooters in Santa Monica and is expected to beat out upstarts Bird Rides Inc. and Lime for regulatory approval.

Source: Los Angeles Times August 15, 2018 19:18 UTC