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According to Axios, Uber is planning a shift in emphasis from cars to electric bicycles and scooters for shorter journeys.

1. What was the company that Uber acquired?
2. What were Uber’s losses last year?
3. How much did Uber pay for the electric bike-sharing company?
4. What types of risks do you anticipate for the new venture?

Staff (2018). Uber begins shift to e-bikes, scooters. Axios, August 27 (Retrievable online at