 So Uber is making some changes to its app. This is the beginning and not the end of our moving to really think of Uber as the operating system for your city life. That sounds good, but it's not exactly groundbreaking. Uber is moving things around inside the app, streamlining it, making it easier to use. They're also adding some things like public transportation, which makes sense when you consider what Uber's ultimate goal is. For years, Uber's CEO, Dara Kosrashawi, has been saying that he wants Uber to become the Amazon for transportation. And now they're finally making it happen. Then we sat down with Kosrashawi recently to talk about some of these new details exclusively. And he also walked us through some of the challenges that Uber's facing too. He let us take the new app out for a spin, which we did on the subway. Then you can click on Sea Routes and it says it leaves in two, five, eight minutes. It's a six minute walk. It shows you where to walk to get to the station. That looks good. Should we roll? That looks good. Let's do it. Let's do it. You think this is a better experience than your Google Maps, your City Mapper? It's a comparable experience, but ultimately it's better because you have all of your choices here. It's Amazon product search versus, let's say, Google product search. Because we're so focused on city transportation, which is where the majority of our business is, because we're so focused about the complete experience, it's not just information, but ultimately we want to integrate information that allows you to take action and purchase this transit option. Uber doesn't want to just be an app. It wants to be a platform for every mode of urban transportation you could possibly think of, even if it's not making money off of some of those modes. You see, the more stuff that Uber can cram into its app, like bikes and scooters and buses and subways, the better chance it has to squeeze money out of all that engagement. To some extent, we're competing against ourselves. You're not making money off of this, so why offer it? One is the right thing to do. It's the right solution for the consumer. Usually if you aim at the best solution for the consumer, you win long term. Second, we have seen experimentally that increases engagement with the app, that more people, they wake up, they use the app more often. If more people are opening our app more often, then there will be business down the road. We'll be able to monetize that one way or the other. Of course, Lyft offers a lot of the same things in its app. Uber is a lot bigger than Lyft and operates in cities outside the US, but in the US, drivers work for both apps. Sometimes it can be hard to tell the difference between both apps. Uber used to say it wanted to compete with public transportation, but now it's changing its tune and says it wants to complement and not kill transit. It's not so simple. There have been a number of studies over the years that show that Uber has been leading to a decrease in ridership in public transportation. That can lead to things like lost revenue and service cuts. Uber can say it wants to put public transportation on an equal footing with Uber X, and that could help shift more customers to buses and trains, or it could have the opposite effect and accelerate the decline of public transportation. Ultimately, whether or not our users choose transit or rides, et cetera, I can't predict. Transit has competition anyway, but with data, we want to make sure that transit data is available to all the users, and we think we can be a constructive part of transit growing over a long period of time. We want to integrate ticketing. Right now we only have information, but over a period of time we'll integrate ticketing so that the experience that you can have taking transit is just as delightful as the experience that you can have taking a ride as well. Now, there's more to the app than just public transportation. Uber is adding new firewalls to help improve safety and regain people's trust. Now, there's a new pin verification system that riders can opt into so they don't accidentally get into the wrong car. You can text 911 from in the app in case you need emergency services, and your phone will get a notification if you get dropped off near a bike lane so you don't accidentally door someone. Now, Uber is in the news a lot these days for reasons entirely separate from its app. The company lost $5 billion last quarter, which is a record for the chronically unprofitable company. Cities are being overrun with car congestion, and Uber is partly to blame. And California is on the cusp of forcing Uber to reclassify its drivers as employees rather than contractors, which could blow up the company's entire business model. Meanwhile, Uber sued New York City for the second time this year over new rules and restrictions on ride hailing. Cities and states across the country are cracking down on Uber, and Democratic presidential candidates who are talking tough about the tech industry and wanting to improve drivers' lives are cheering them on from the sidelines. My concern is that the politicians right now are playing to a reactive base, which ultimately is not a better solution for society and definitely not for our drivers and not for our riders. Uber is still growing, just a lot slower than people were expecting. And the challenges it faces are a lot more existential than the ones it faced in the past. There are some who think that Uber will just keep losing money until it eventually goes out of business. And whether Uber becomes the Amazon of transportation like Kousa Roshahi predicts will depend a lot on how that future turns out. What does Uber look like in five years, do you think? You're going to use us to get to places. You're going to use us to get packages. You're going to use us to have your food. And I think we will be seen as an incredibly valuable partner for cities everywhere. Is there jaywalking allowed? Oh yeah, for sure. Is this like true New York or like fake New York? It's encouraged. All right, there we go. I used to live here, so if I don't jaywalk, I feel weird. Yeah, exactly. Like you're not a true New Yorker unless you're jaywalking.
 So Uber is making some changes to its app.
 This is the beginning and not the end of our moving to really think of Uber as the operating
 system for your city life.
 That sounds good, but it's not exactly groundbreaking.
 Uber is moving things around inside the app, streamlining it, making it easier to use.
 They're also adding some things like public transportation, which makes sense when you
 consider what Uber's ultimate goal is.
 For years, Uber's CEO, Dara Kosrashawi, has been saying that he wants Uber to become the
 Amazon for transportation.
 And now they're finally making it happen.
 Then we sat down with Kosrashawi recently to talk about some of these new details exclusively.
 And he also walked us through some of the challenges that Uber's facing too.
 He let us take the new app out for a spin, which we did on the subway.
 Then you can click on Sea Routes and it says it leaves in two, five, eight minutes.
 It's a six minute walk.
 It shows you where to walk to get to the station.
 That looks good.
 Should we roll?
 That looks good.
 Let's do it.
 Let's do it.
 You think this is a better experience than your Google Maps, your City Mapper?
 It's a comparable experience, but ultimately it's better because you have all of your choices
 here.
 It's Amazon product search versus, let's say, Google product search.
 Because we're so focused on city transportation, which is where the majority of our business
 is, because we're so focused about the complete experience, it's not just information, but
 ultimately we want to integrate information that allows you to take action and purchase
 this transit option.
 Uber doesn't want to just be an app.
 It wants to be a platform for every mode of urban transportation you could possibly think
 of, even if it's not making money off of some of those modes.
 You see, the more stuff that Uber can cram into its app, like bikes and scooters and
 buses and subways, the better chance it has to squeeze money out of all that engagement.
 To some extent, we're competing against ourselves.
 You're not making money off of this, so why offer it?
 One is the right thing to do.
 It's the right solution for the consumer.
 Usually if you aim at the best solution for the consumer, you win long term.
 Second, we have seen experimentally that increases engagement with the app, that more people,
 they wake up, they use the app more often.
 If more people are opening our app more often, then there will be business down the road.
 We'll be able to monetize that one way or the other.
 Of course, Lyft offers a lot of the same things in its app.
 Uber is a lot bigger than Lyft and operates in cities outside the US, but in the US, drivers
 work for both apps.
 Sometimes it can be hard to tell the difference between both apps.
 Uber used to say it wanted to compete with public transportation, but now it's changing
 its tune and says it wants to complement and not kill transit.
 It's not so simple.
 There have been a number of studies over the years that show that Uber has been leading
 to a decrease in ridership in public transportation.
 That can lead to things like lost revenue and service cuts.
 Uber can say it wants to put public transportation on an equal footing with Uber X, and that
 could help shift more customers to buses and trains, or it could have the opposite effect
 and accelerate the decline of public transportation.
 Ultimately, whether or not our users choose transit or rides, et cetera, I can't predict.
 Transit has competition anyway, but with data, we want to make sure that transit data is
 available to all the users, and we think we can be a constructive part of transit growing
 over a long period of time.
 We want to integrate ticketing.
 Right now we only have information, but over a period of time we'll integrate ticketing
 so that the experience that you can have taking transit is just as delightful as the experience
 that you can have taking a ride as well.
 Now, there's more to the app than just public transportation.
 Uber is adding new firewalls to help improve safety and regain people's trust.
 Now, there's a new pin verification system that riders can opt into so they don't accidentally
 get into the wrong car.
 You can text 911 from in the app in case you need emergency services, and your phone will
 get a notification if you get dropped off near a bike lane so you don't accidentally
 door someone.
 Now, Uber is in the news a lot these days for reasons entirely separate from its app.
 The company lost $5 billion last quarter, which is a record for the chronically unprofitable
 company.
 Cities are being overrun with car congestion, and Uber is partly to blame.
 And California is on the cusp of forcing Uber to reclassify its drivers as employees rather
 than contractors, which could blow up the company's entire business model.
 Meanwhile, Uber sued New York City for the second time this year over new rules and restrictions
 on ride hailing.
 Cities and states across the country are cracking down on Uber, and Democratic presidential
 candidates who are talking tough about the tech industry and wanting to improve drivers'
 lives are cheering them on from the sidelines.
 My concern is that the politicians right now are playing to a reactive base, which ultimately
 is not a better solution for society and definitely not for our drivers and not for our riders.
 Uber is still growing, just a lot slower than people were expecting.
 And the challenges it faces are a lot more existential than the ones it faced in the
 past.
 There are some who think that Uber will just keep losing money until it eventually goes
 out of business.
 And whether Uber becomes the Amazon of transportation like Kousa Roshahi predicts will depend a
 lot on how that future turns out.
 What does Uber look like in five years, do you think?
 You're going to use us to get to places.
 You're going to use us to get packages.
 You're going to use us to have your food.
 And I think we will be seen as an incredibly valuable partner for cities everywhere.
 Is there jaywalking allowed?
 Oh yeah, for sure.
 Is this like true New York or like fake New York?
 It's encouraged.
 All right, there we go.
 I used to live here, so if I don't jaywalk, I feel weird.
 Yeah, exactly.
 Like you're not a true New Yorker unless you're jaywalking.