Uber is an American technology company known for ride-sharing, the core platform. However, in the last years, Uber has built two other platforms on top of the core one: food delivery (Uber Eats) and freight transportation (Uber Freight).
A ride-sharing platform that provides on-demand transportation services, including carpooling and bike-sharing. Lyft competes with Uber in the ride-sharing market.
Lyft offers ride-sharing services, allowing users to request rides from nearby drivers using a mobile app, with a focus on community and shared rides.
Both provide ride-sharing services, competing for passengers and drivers in the same market segments.
Lyft’s emphasis on community and shared rides as well as a different brand image.
Didi Chuxing
A Chinese ride-hailing and transportation platform offering a wide range of services, including taxi hailing, private car services, and bike-sharing. Didi Chuxing competes with Uber in the ride-hailing market.
Didi Chuxing provides ride-hailing services in China and other international markets, offering various transportation options and mobility solutions.
Both operate as ride-hailing platforms, but Didi Chuxing primarily serves the Chinese market and has a strong international presence.
Didi Chuxing’s dominance in the Chinese ride-hailing market and its international expansion.
Ola
An Indian ride-hailing company that offers transportation services, including auto-rickshaws and bike taxis, in addition to car rides. Ola competes with Uber in the ride-hailing market.
Ola provides ride-hailing services with a focus on catering to the Indian market, offering various modes of transportation for users.
Both operate as ride-hailing platforms but target different geographical markets, with Ola’s primary focus on India.
Ola’s strong presence and focus on serving the Indian market.
Grab
A Southeast Asian ride-hailing and multi-service platform that offers transportation, food delivery, and financial services. Grab competes with Uber in the ride-hailing and on-demand services market.
Grab provides ride-hailing, food delivery, and various on-demand services across Southeast Asia, aiming to be a super app for users.
Both offer ride-hailing services and compete in the on-demand services market, especially in Southeast Asia.
Grab’s expansion into multiple on-demand service categories and its focus on Southeast Asian markets.
Bolt (formerly Taxify)
An Estonian ride-hailing and transportation platform that operates in various countries, offering ride services and food delivery. Bolt competes with Uber in the ride-hailing and on-demand services market.
Bolt provides ride-hailing services, including car rides and scooter rentals, in multiple international markets, with a focus on affordability.
Both operate as ride-hailing platforms and offer on-demand services, targeting users looking for affordable transportation options.
Bolt’s emphasis on affordability and eco-friendly transportation options.
Gett
A global ride-hailing and corporate transportation platform that focuses on providing transportation solutions to businesses. Gett competes with Uber in the ride-hailing and corporate transportation market.
Gett offers ride-hailing services for consumers and corporate transportation solutions for businesses, with an emphasis on cost-efficiency.
Both provide ride-hailing services, but Gett focuses on corporate transportation solutions and partnerships with businesses.
Gett’s specialization in corporate transportation and cost-effective solutions.
Careem
A Middle Eastern ride-hailing company that offers transportation services across multiple countries in the Middle East and North Africa. Careem competes with Uber in the Middle Eastern ride-hailing market.
Careem provides ride-hailing services in the Middle East and North Africa, catering to the specific needs of users in the region.
Both operate as ride-hailing platforms but target different geographical markets, with Careem’s primary focus on the Middle East and North Africa.
Careem’s strong presence and understanding of the Middle Eastern market.
99 (formerly 99Taxis)
A Brazilian ride-hailing platform that offers transportation services, including taxi and private car rides, in Brazil and other Latin American countries. 99 competes with Uber in the Latin American ride-hailing market.
99 provides ride-hailing services in Brazil and several other Latin American countries, offering various transportation options to users.
Both operate as ride-hailing platforms but have a strong presence in the Latin American ride-hailing market.
99’s focus on serving the Latin American market and offering a range of transportation options.
Gojek
An Indonesian super app that provides a wide range of on-demand services, including ride-hailing, food delivery, payments, and more. Gojek competes with Uber in the Southeast Asian market.
Gojek offers ride-hailing, food delivery, financial services, and other on-demand solutions in Southeast Asia, aiming to be a comprehensive super app.
Both compete in the ride-hailing and on-demand services market, especially in Southeast Asia, but Gojek offers a broader range of services.
Gojek’s status as a super app with diverse on-demand offerings.
DiDi Mexico
A Mexican ride-hailing service owned by Didi Chuxing, providing transportation services in various cities across Mexico. DiDi Mexico competes with Uber in the Mexican ride-hailing market.
DiDi Mexico offers ride-hailing services in Mexico, connecting users with local drivers for convenient transportation.
Both operate as ride-hailing platforms but target the Mexican market, competing for passengers and drivers.
DiDi Mexico’s association with Didi Chuxing and its focus on the Mexican ride-hailing market.
Uber is a is two-sided marketplace, a platform business model that connects drivers and riders, with an interface that has elements of gamification, that makes it easy for two sides to connect and transact. Uber makes money by collecting fees from the platform’s gross bookings.Uber Eats is a three-sided marketplace connecting a driver, a restaurant owner and a customer with Uber Eats platform at the center. The three-sided marketplace moves around three players: Restaurants pay commission on the orders to Uber Eats; Customers pay the small delivery charges, and at times, cancellation fee; Drivers earn through making reliable deliveries on time.
Lyft
Lyft is a transportation-as-a-service marketplace allowing riders to find a driver for a ride. Lyft has also expanded with a multimodal platform that gives more options like bike-sharing or electric scooters. Lyft primary makes money by collecting fees from drivers that complete rides on the platform.
Lyft was founded by Logan Green and John Zimmer in 2012, operating in 656 cities across the United States and Canada. The service is also available in a select number of cities within the Asian market, including Malaysia, Thailand, Indonesia, and Singapore.
Lyft is the second-largest ridesharing company in North America after Uber.
In addition to traditional ride-sharing and food delivery services, Lyft is also working on developing a network of autonomous vehicles with General Motors.
Curb
Curb was founded in 2014, formerly known as RideCharge in 2007 and Taxi Magic in 2009.
Importantly, Curb is an app-based service connecting consumers with professional, insured, and fully licensed taxi or chauffeur drivers. This makes it a rather unique Uber competitor as its business model is not seen as detrimental to the taxi industry.
Curb users can search for and book rides instantly, but the company also targets travelers by allowing rides to be scheduled up to 24 hours in advance.
DiDi
DiDi is a Chinese ride-hailing service born from the merger of China’s two largest taxi firms.
With over 600 million users and tens of millions of drivers, Didi is often referred to as the Uber of China. In addition to ride-sharing and delivery services, Didi offers automobile sales, leasing, financing, and maintenance. The company also offers fleet operation services and electric vehicle charging points.
DiDi was voted the most valuable start-up in 2017 and is the only company in China to see investment from the big three Chinese firms in Tencent, Baidu, and Alibaba. With successful expansion into other areas of Asia, Oceania, and South America, DiDi is a serious threat to Uber’s supremacy.
Cabify
Cabify is a Spanish ridesharing company founded in 2011 by Juan de Antonio.
Today, the company has a significant presence in major Spanish and Portuguese-speaking countries, including Spain, Mexico, Chile, Colombia, Peru, Panama, Brazil, Portugal, Ecuador, and Argentina.
Cabify gives consumers the option to select luxury or non-luxury vehicles. The company also offers larger vehicles for groups of up to 6 people.
Cabify operates several ancillary services, including:
Cabify Express – an instant delivery service using moto-taxis.
Cabify Taxi – connecting users with local taxi services.
Cabify Bike – a bicycle transportation service for bike riders.
Ola
If Didi is the Uber of China, then Ola is the Uber of India.
Founded in Bangalore in 2010, Ola extended into New Zealand and Australia in 2018 and the United Kingdom the following year.
Ola offers different levels of ride-sharing comfort, ranging from economy rides to luxury travel. The company also has a strong focus on electric vehicles and is developing infrastructure to allow commercial EVs to operate at scale.
Unfortunately, Ola has not been immune to many of the issues facing the ride-share industry. The company has been criticized for a lack of transparent employee payments and for causing congestion in major cities.
Key takeaways:
Uber is an American technology company that has enjoyed first-mover status in ride-sharing and food delivery among other industries. However, the success of its business model and negative publicity has not gone unnoticed by competitors and the general public.
Uber’s main competitor in North America is Lyft with a 30% market share. Chinese company DiDi and Indian company Ola are also competitors with large user bases and access to significant investment funding.
Curb is also a worthy Uber competitor because it works with licensed and insured taxi drivers and chauffeurs.
Key Highlights
Uber: An American tech company renowned for its ride-sharing platform, and it has expanded to include Uber Eats for food delivery and Uber Freight for freight transportation. Uber operates a two-sided marketplace connecting drivers and riders, generating revenue from fees on gross bookings.
Lyft: An American transportation-as-a-service platform that competes with Uber, offering ridesharing services and a multimodal platform that includes options like bike-sharing and electric scooters. Lyft makes money through fees from completed rides and is also involved in autonomous vehicle development.
Curb: Formerly known as RideCharge and Taxi Magic, Curb is an app-based service connecting users with licensed taxi and chauffeur drivers. Curb is unique among competitors as it doesn’t negatively impact the taxi industry. Users can book rides instantly or schedule in advance.
DiDi: A Chinese ride-hailing service resulting from the merger of China’s top taxi firms. DiDi, often referred to as the “Uber of China,” has a massive user and driver base, offering services beyond ride-sharing, such as automobile sales, leasing, and maintenance. It’s a significant competitor to Uber.
Cabify: A Spanish ridesharing company available in various Spanish and Portuguese-speaking countries, offering luxury and non-luxury vehicle options. Cabify provides additional services like instant delivery with moto-taxis, local taxi connections, and bicycle transportation.
Ola: Often called the “Uber of India,” Ola is an Indian ride-sharing company with services in New Zealand, Australia, and the UK. Ola offers various ride levels, including electric vehicles, and has faced criticism for payment transparency and urban congestion.
Competition and Takeaways: Lyft, DiDi, Ola, and Curb are some of the notable competitors challenging Uber’s dominance. Lyft is a significant competitor in North America, while DiDi and Ola have large user bases and substantial investment. Curb stands out for its cooperation with licensed drivers and chauffeurs.
Uber’s principal individual shareholders comprise Yasir Al-Rumayyan (3.64%), the Governor of the Public Investment Fund, the sovereign wealth fund of the Kingdom of Saudi Arabia, and Dara Khosrowshahi, CEO of Uber. Institutional investors comprise Morgan Stanley, with 7.32% ownership, Fidelity, with 6.34%, and The Vanguard Group, with 5.85% ownership.
Uber is a two-sided marketplace, a platform business model that connects drivers and riders, with an interface with gamification elements that make it easy for two sides to connect and transact. Uber makes money by collecting fees from the platform’s gross bookings.
For the first time in its history, in 2023, Uber became profitable, with nearly $1.9 billion in net profits. Indeed on net revenues of over $37 billion, Uber posted a net profit of $1.88 billion, compared with a net loss of $9.14 billion in 2022. In 2021, Uber posted a lower net loss ($496 million), primarily thanks to the business divestitures of various assets. Throughout its history, on an annual basis, Uber has never made a profit except for 2023, when it finally reached profitability, thanks to a shifted focus toward operational efficiency.
Uber Mobility, which is the core platform of Uber, had a 28.8% take rate in 2023, and a 19.15% take rate for the delivery platform (Uber Eats) in the same period. In 2022, Uber mobility took 27% of each booking on the platform. At the same time, Uber Eats took 20% of each booking on the delivery platform. The take rate varies according to demand and supply but also market dynamics. In short, in periods of increased competition, the service might charge lower take rates to keep up with it. In 2022, Uber pushed on efficiency, thus raising its take rates, to move toward profitability.
Uber Platform Users
Uber had 150 million Monthly Active Platform Consumers in 2023. In 2022, Uber had 131 million Monthly Active Platform Consumers, compared to 118 million in 2021, and 93 million in 2020.
Uber Eats is a three-sided marketplace connecting a driver, a restaurant owner, and a customer with the Uber Eats platform at the center. The three-sided marketplace moves around three players: Restaurants pay commission on the orders to Uber Eats; Customers pay small delivery charges, and at times, cancellation fees; Drivers earn through making reliable deliveries on time.
In 2023 Uber Eats generated $12.2 billion in revenue, compared to nearly $11 billion in 2022, $8.3 billion in revenue in 2021, and $3.9 billion in revenue in 2020.
If we look at EBITDA, Uber Eats was a profitable segment, generating $1.5 billion in EBITDA in 2023. For the first time since its inception, Uber Eats’ EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) – which measures a company’s operational efficiency – turned positive for $551 million in 2022, compared to negative $348 million in 2021; negative $870 million in negative EBIDTA in 2020; and over $1.3 billion negative EBIDTA in 2019.
Uber Freight is a platform that connects carriers with shippers, which generated $5.24 billion in revenue in 2023, slowing down from $6.95 billion in revenue in 2022, and it’s now one of the three core segments (Mobility, Delivery, and Freight) within the Uber Business Model.
In 2023, Uber generated nearly $20 billion from its core platform (mobility), followed by delivery (Uber Eats) with $12.2 billion and freight, with $5.24 billion in revenue.
In 2022 Uber launched its advertising segment, which comprises revenue from sponsored listing fees paid by merchants and brands in exchange for advertising on the platform. By the end of the year, Uber advertising had generated $500 million in revenue from 315K merchants. By 2023, the advertising business of Uber generated a billion dollars in revenue!
Uber and Lyft are both mobility ride-sharing apps. Uber generated $37.28 billion in revenue in 2023, compared with Lyft, which generated $4.4B billion in the same year. A key difference is that while Lyft has primarily stayed in the mobility industry, Uber’s business model today spans various categories beyond mobility, such as delivery (Uber Eats) and freight.
In the food delivery business model companies leverage technology to build platforms that enable users to have the food delivered at home. This business model usually is set up as a platform and multi-sided marketplace, where the food delivery company makes money by charging commissions to the restaurant and to the customer.
DoorDash is a platform business model that enables restaurants to set up no-cost delivery operations. At the same time, customers get their food at home, and dashers (delivery people) earn some extra money. DoorDash makes money by markup prices through delivery fees, memberships, and advertising for restaurants on the marketplace.
Glovo is a Spanish on-demand courier service that purchases and delivers products ordered through a mobile app. Founded in 2015 by Oscar Pierre and Sacha Michaud as a way to “uberize” local services. Glovo makes money via delivery fees, mini-supermarkets (fulfillment centers that Glovo operates in partnership with grocery store chains), and dark kitchens (enabling restaurants to increase their capacity).
Instacart’s business model relies on enabling an easy set up for grocery stores, the comfort for customers to get their shopping delivered at home, and an additional income stream for personal shoppers. Instacart makes money by charging service fees, via memberships, and by running performance advertising on its platform.
Grubhub is an online and mobile platform for restaurant pick-up and delivery orders. In 2018 the company connected 95,000 takeout restaurants in over 1,700 U.S. cities and London. The Grubhub portfolio of brands like Seamless, LevelUp, Eat24, AllMenus, MenuPages, andTapingo. The company makes money primarily by charging restaurants a pre-order commission and it generates revenues when diners place an order on its platform. Also, it charges restaurants that use Grubhub delivery services and when diners pay for those services.
Shipt is a North American integrated delivery service for groceries, home products, and electronics initially funded by Bill Smith, a highly experienced entrepreneur with a history of creating successful start-ups; in 2014, Smith used $3 million of his own money to create the first iteration of Shipt, the company was acquired by Target in 2017 in a cash deal worth $550 million. Membership fees predominantly drive Shipt revenue generation.
Postmates is a food delivery service built as a last-mile delivery service platform connecting locals with shops. Postmates makes money by collecting fees (commission, delivery, service, cart, and cancellation fees). It also makes money via its subscription service (called Unlimted – $9.99/month or $99.99 annually) giving free delivery on every order of more than $12.
Zoominfo is an American software-as-a-service (SaaS) company founded by Henry Schuck and Kirk Brown in 2007. The company sells access to the most comprehensive B2B database in the world to help sales and marketing teams better communicate with prospects. Zoominfo held an IPO in June 2020 raising $935 million. Like similar software companies that are valuable to remote teams, demand for the Zoominfo platform increased because of the coronavirus pandemic. It is now used by over 20,000 businesses, with clients including T-Mobile, Zoom, Amazon, and Google.
Spotify is the world’s largest music streaming platform with over 381 million users across 184 markets around the world. The company was founded by Martin Lorentzon and Daniel Ek in 2008 in response to the shutdown of peer-to-peer music service Napster. Spotify became a success because it was the first company to determine how to distribute music legally and compensate the music industry at the same time. The platform now offers various curated music discovery services, music stations, audio customization, and private listening. In recent times, it has also ventured into the streaming of audiobooks, podcasts, comedy, poetry, and short stories.
Poshmark is a social commerce marketplace where users can buy and sell new or used clothing. The company was founded in 2011 by Manish Chandra, Tracy Sun, Gautam Golwala, and Chetan Pungaliya. Poshmark is one of many companies looking to profit from the explosive growth in the second-hand clothing and resale industry, which is expected to be worth around $51 billion by 2023. Scores of women, in particular, are opting to sell their unwanted fashion items online instead of donating them to charity or thrift stores.
Afterpay is an Australian fintech company operating in Australia, Canada, the United Kingdom, New Zealand, and the United States. Founded in 2014 by Nick Molnar and Anthony Eisen, the company enjoyed a first-mover advantage in the buy-now-pay-later (BNPL) space. Less than seven years later, the company reached 13.1 million active customers with gross sales amounting to $10.1 billion. Despite its success, some suggest the company has lost its edge in the buy-now-pay-later space with the emergence of several high-profile competitors exerting their influence and giving merchants more choice.
Carvana is an online used car retailer with vending machines located around the United States. The company was founded in 2012 by Ryan Keeton, Ben Huston, and Ernest Garcia III. The company is the fastest growing online used car retailer in North America and was recently one of the youngest companies to be added to the Fortune 500 list. While Carvana is currently the only American company selling cars in vending machines, its growth and success have not gone unnoticed by other players. In this article, we’ll take a look at some of the company’s major competitors.
Carvana is an online used car retailer with vending machines located around the United States. The company was founded in 2012 by Ryan Keeton, Ben Huston, and Ernest Garcia III. The company is the fastest growing online used car retailer in North America and was recently one of the youngest companies to be added to the Fortune 500 list. While Carvana is currently the only American company selling cars in vending machines, its growth and success have not gone unnoticed by other players. In this article, we’ll take a look at some of the company’s major competitors.
GoodRx is an American healthcare company known for its telemedicine platform and a website and mobile app that track prescription drug prices. As part of this service, the company makes drug coupons available for free to consumers. GoodRx was created by Trevor Bezdek, Doug Hirsch, and Scott Marlette. Hirsch, an early employee at both Yahoo and Facebook, got the idea for the company after picking up a prescription with private health insurance and still having to pay $450. Given the high variability in prices between different pharmacies, Hirsh went on a mission to make prescription drug prices more transparent and affordable for ordinary Americans. Revenue in the second quarter of 2021 amounted to $177 million with over 7.5 million app customers using the GoodRx app. While the company was the first to provide a comprehensive list of pharmacy drug prices, new players have entered the market. The rest of this article will be devoted to looking at the main GoodRx competitors.
DoorDash is an online food ordering and delivery platform founded by Tony Xu, Stanley Tang, Andy Fang, and Evan Moore in 2013. Together with its subsidiaries, DoorDash has a 56% market share in food delivery and a further 60% in the convenience delivery sector.
In 1965, PepsiCo acquired Frito-Lay in what the chairmen of both companies called a “marriage made in heaven”. The resultant company transformed PepsiCo from a soft drink organization and set it on a path to becoming one of the world’s leading food and beverage companies. Today, PepsiCo claims to operate in more than 200 countries and territories around the world with seven distinct divisions and many successful brands.
The Coca-Cola Company has 21 different billion-dollar brands or brands that generate more than $1 billion or more in revenue each year. The company also sells its products in nearly every country in the world, with Cuba and North Korea the only two countries where it is not sold officially. What’s more, the Coca-Cola brand is worth $87.6 billion, making it one of the most valuable among all companies. Though these figures allow Coca-Cola to enjoy market dominance in many countries, the company is nevertheless subject to intense competition.
Headquartered in Burbank, California, Disney has global reach and influence with its universally popular resorts, movies, streaming services, video games, and merchandise. But as one of the largest media conglomerates in the world with a diverse range of products in multiple marketplaces, Disney is no stranger to competition.
International Business Machines Corporation (IBM) is an American multinational technology company. It was founded in New York as the Computing-Tabulating-Recording Company in 1911 by Charles Ranlett Flint. IBM is a diverse company with a similarly diverse portfolio of products and services. It produces and sells hardware, middleware, and software. It also offers hosting and consultancy services in nanotechnology and mainframe computers. What’s more, IBM has a strong culture in research and development, filing the most U.S. patents of any business for the past 28 years.
Starbucks is a multinational coffee chain headquartered in Seattle, Washington. It was founded by Jerry Baldwin, Zev Siegl, and Gordon Bowker in 1971. From a single and very humble bean roasting store in Pike Place Market, the company is now a global giant operating almost 33,000 stores around the world. This large global footprint obviously increases the competition for Starbucks in many different markets. The coffee industry itself is also highly competitive, with established players including McDonald’s and Dunkin’ Donuts.
Boeing is best known for designing and manufacturing commercial aircraft, but the company also produces helicopters, rockets, satellites, spacecraft, missiles, and telecommunications infrastructure. Founded in 1916 by William Boeing in Seattle, Washington, the company is one of the largest aerospace manufacturers and defense contractors in the world.
While Google (now Alphabet) has been born as a search engine, it is now a diversified company, even though its core business remains search, as most of its revenues still come from Google, the search engine, and YouTube, the “video engine.” However, as a tech giant, which business is primarily based on advertising, the company does compete with Facebook, Twitter, Microsoft (with Bing), and Amazon (with e-commerce search and its advertising machine).
Peloton is a media and exercise equipment company primarily making money making money via its fitness products. The idea for the company came from John Foley, who argued that technology could help time-poor individuals get a full workout at home. The company competes with other players like Bowflex, NordicTrack, Life Fitness, MYX Fitness.
IKEA was founded in 1943 by Swedish businessman Ingvar Kamprad as a mail-order catalog business. The company is best known for selling affordable flat-pack furniture, but it also sells home accessories and kitchen appliances. Today, IKEA offers approximately 9,500 products across 445 stores in 52 countries. With such broad reach, IKEA is not immune to competition.
The Airbnb story began in 2008 when two friends shared their accommodation with three travelers looking for a place to stay. Just over a decade later, it is estimated that the company now accounts for over 20% of the vacation rental industry. As a travel platform, Airbnb competes with other brands like Booking.com, VRBO, FlipKey, and given its massive amount of traffic from Google. Also, platforms like Google Travel can be considered potential competitors able to cannibalize part of Airbnb’s market.
Salesforce is a cloud-based customer relationship management (CRM) provider, allowing businesses to build meaningful and sustained relationships with their customers. With robust, customizable software that integrates with social media, Gmail, and Microsoft Outlook, the Salesforce CRM platform is rated highly among businesses of all shapes and sizes. Recent data has shown that the company has captured 19.5% of the global CRM market.
In just fifteen short years, Shopify has grown from humble beginnings to become one of the fastest-growing eCommerce platforms online. The Shopify eCommerce solution is perhaps best suited to users who desire an easy, flexible and affordable starter solution for their online store. The provider now has upwards of 820,000 stores accounting for 20% of the total market share. However, the continued success of any company in the dynamic digital market is never guaranteed.
Netflix is the largest streaming video subscription service in the world. Created by Reed Hastings and Marc Randolph in 1997, the company has revolutionized the video content subscriptionmodel with over 139 million subscribers in 190 countries. The success of Netflix is due to two factors. The first is a recommendation system that gives suggestions on what customers should watch based on their viewing history. The second is the vast catalog of content on offer – produced by third parties and by Netflix itself. These factors have resulted in Netflix competing against influential TV networks and film producers for viewership.
YouTube is the most popular online video platform, a hybrid between a video search engine and a social media platform with a continuous feed prompted by social interactions and engagement. In fact, the platform is so popular that YouTube.com is the second most visited website on the internet. After being acquired by Google in 2006 for $1.65 billion, the platform now boasts over 2 billion registered users. Collectively, these users upload 500 hours of video every minute. The platform competes with other video engines like Vimeo, Dailymotion, and social platforms like IGTV, TikTok, and Twitch.
Zoom is a video platform, which enabled remote working. As such it competes with other large tech players like Google and Microsoft for the productivity space, and other startups like Slack and Go-To-Meetings.
As an electric automaker and builder of sports cars and now trucks, Tesla’s competitors comprise companies like Ford, Mercedes-Benz, Porsche, Lamborghini, Audi, Rivian Lucid Motors, Toyota, and more. At the same time, Tesla is an electric energy production and storage company (SolarCity); it competes with Sunrun, SunPower, and Vivint Solar. And as an autonomous driving company, it competes with companies like Zoox, Waymo, and Baidu with the self-driving software.
Amazon is a consumer e-commerce platform with a diversified business model spanning across e-commerce, cloud, advertising, streaming, and more. Over the years, Amazon acquired several companies. As it operates across several industries, Amazon has a wide range of competitors across each of those industries. For instance, Amazon E-commerce competes with Shopify, Wix, Google, Etsy, eBay, BigCommerce.
Gennaro is the creator of FourWeekMBA, which reached about four million business people, comprising C-level executives, investors, analysts, product managers, and aspiring digital entrepreneurs in 2022 alone | He is also Director of Sales for a high-tech scaleup in the AI Industry | In 2012, Gennaro earned an International MBA with emphasis on Corporate Finance and Business Strategy.
