Uber’s drive for ‘super app’ status
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 21 October 2024
⏱️ 13 minutes
🧾️ Download transcript
Summary
Trading in the world’s second-largest IPO of 2024 begins on Tuesday, but retail investors have given a lukewarm reception to Hyundai Motor India’s listing. A coalition of oil-producing African countries is seeking $5bn to fund projects on the continent, and Boeing’s largest labour union will vote on Wednesday whether to end a costly strike. Uber has explored a possible bid for Expedia, in what would be the company’s largest acquisition. Plus, Elon Musk pledges to pay $1mn per day to random registered voters who sign his petition.
Mentioned in this podcast:
Boeing workers to vote on ending strike in critical week for plane maker
Uber explored takeover bid for Expedia
African countries seek $5bn for new fossil fuel project lender
Indian investors give short shrift to Asia’s biggest IPO of 2024
Elon Musk criticised for offering $1mn prizes to voters who sign petition
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | The UK's energy partner. |
| 0:06.0 | Learn more at equinore. |
| 0:10.0 | At Aquinore. |
| 0:11.0 | The UK. |
| 0:12.0 | Good morning from the Financial Times. Today is Monday, October 21st, and this is your |
| 0:18.6 | FT news briefing. Indian investors aren't buying into one of the country's biggest IPOs ever, and |
| 0:26.6 | Uber wants to become a one-stop shop tech company. |
| 0:30.8 | Plus, some African countries are looking for ways to keep their fossil fuel projects going. |
| 0:37.0 | Basically their argument is we need to solve what is called energy poverty before we try and think about the grain transition. |
| 0:45.6 | I'm Kasha Berthalian and here's the year is getting off to a rocky start. |
| 1:05.6 | Hyundai Motor India officially kicks off trading on Tuesday. |
| 1:09.8 | The 3.3 billion dollar listing is the the carmakers first outside of South Korea. But retail investors |
| 1:17.4 | have kind of shrugged their shoulders at it. That segment was only 50% subscribed in early trading last week and it happened despite a major |
| 1:26.8 | publicity blitz. I'm talking front-page ads all over India's financial newspapers. This ho-hum demand might have something to do |
| 1:35.1 | with the recent slowdown in India's car industry and that's making a lot of these |
| 1:40.2 | retail investors a bit skeptical of Hyundai India's $19 billion valuation. |
| 1:47.0 | Uber is thinking about buying the travel and booking site Expedia. |
| 1:57.0 | That would be the company's largest deal ever and get it closer to |
| 2:01.6 | Super App status. |
| 2:03.0 | The FT Stephen Morris is here to explain how Uber plans to go from |
| 2:07.0 | humble ride hailing startup to multi-purpose behemoth. |
| 2:11.0 | Hey Stephen. |
... |
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