Uber is investing its revenue in everything from scooters and bikes to flying taxis

Owning a car means having the freedom to venture at your own pace… it also means a great deal of expenses, and surprisingly a study found that it might be cheaper to Uber in these major cities than to own a car. CEO Dara Khosrowshahi has brought Uber back to basics, refocusing on delivering profitable ride-hailing. Uber wants to be more than your first choice for a ride-sharing service: It wants to infiltrate your life, just as Amazon does. The ride-hailing company, now nine years old, is generating revenue growth, and reinvesting that into a variety of expansive ventures – from scooters and bikes to flying taxis. Uber generated $2.8 billion in revenue last quarter, up 63 percent from the same period a year ago when revenue was about $1.7 billion.