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Report: Uber Exploring "Strategic Alternatives" for Elevate Unit

Report: Uber Exploring "Strategic Alternatives" for Elevate Unit

A report published in Axios Friday, citing "multiple sources," said the ride sharing giant is "seeking strategic alternatives," for its Uber Elevate unit. According to Axios, Elevate currently employs around 80 people. On the Elevate website, Uber writes ambitiously that it "is developing shared air transportation -- planned for 2023 -- between suburbs and cities, and ultimately within cities."