Uber’s New Profit Engine: Why Your Ride History is Up for Sale
Uber is reportedly planning to sell user data to the highest bidders to boost revenue. According to Reuters, the ride-hailing giant seeks new profit streams beyond service fees.
Your privacy might be the next item up for auction. An anonymous source recently told Reuters that Uber doesn't feel it's making enough money from ride-hailing alone and plans to sell customer data to the highest bidders.
The Shift from Service to Data Brokerage
It's a familiar playbook for app-based giants. When margins in the physical world get tight, they look to exploit their users' digital footprints. Uber is reportedly moving toward a model where the value isn't just in the fare, but in the metadata generated during every trip.
Privacy Advocates Raise Red Flags
The move suggests that companies are no longer satisfied with the fees users already pay for services. Instead, they're looking to capitalize on personal behaviors beyond the app's primary function, sparking immediate concern among privacy advocates regarding how this sensitive location data will be used.
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