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Softbank Urges Uber To Focus On Recovering Market Share In US And European Markets.

Softbank Urges Uber To Focus On Recovering Market Share In US And European Markets.

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Uber’s largest shareholder has called for the ride-hailing company to focus on recovering market share in the US and growing in European markets. Rajeev Misra, a board director of Japanese technology conglomerate SoftBank — which becomes Uber’s biggest shareholder on Friday — told the Financial Times that the transportation group had a faster path to profitability if it returned to its core markets such as the US, Europe, Latin America and Australia. (FT)