Uber to cease food delivery in Italy
June 16, 2023 00:00:00
AMSTERDAM, June 15 (Reuters): Uber said on Thursday it will shut its food delivery business in Italy and exit Israel, where it has not built sufficient market share.
The moves were "in line with our efforts to focus on markets where we have opportunities for sustainable growth", CEO Dara Khosrowshahi said.
Uber will invest only in markets where it can be the largest or second largest player.
