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Marketplace Morning Report

Uber’s new pitch: Instead of four wheels, how about two?

Justin Ho Aug 27, 2018
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A cyclist rides a JUMP bike on April 12, 2018 in San Francisco, California. Uber acquired the bike share company in April. 
Justin Sullivan/Getty Images

In an interview with the Financial Times over the weekend, the car-hailing company’s CEO said Uber’s adding more electric bikes and scooters to the mix it offers in big cities, where it already has a big and sometimes controversial presence. The move follows Uber’s purchase of JUMP back in April, along with its investment in the scooter-sharing company Lime.

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