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- Uber Technologies (NYSE:UBER) is testing Pool Chance, which lets riders heading in the same direction share the cost of the journey in Kenya, TechCrunch reports.
- Uber aims to launch the low-cost service in Ghana and Nigeria, bringing ride costs down by up to 30%, implying more riders, more trips, less downtime, and more overall earnings.
- Uber launched UberPool in the San Francisco Bay Area in 2014 and later expanded in multiple cities worldwide. Uber suspended the low-cost popular service in many regions due to Covid-19 restrictions.
- Uber said Pool Chance refers to the chance of getting a discounted ride if the driver picks up other riders; otherwise, paying the regular fees for an individual ride. In contrast, UberPool negotiates a specific carpool rate for the rider regardless of who gets into the vehicle.
- The Pool Chance trip option is available on the budget service Chap Chap in Nairobi; in the Nigerian city of Lagos and Ghana’s capital Accra, it will be accessible on the UberX category.
- Price Action: UBER shares traded lower by 1.84% at $47.48 in the market session on the last check Monday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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