Uber relies on Google Maps for its business and spent $58 million on it over three years (GOOGL, GOOG)



UberDavid Gray/Reuters

Uber filed to go public on Thursday, and its paperwork indicates that Uber spent $58 million on Google Maps between 2016 and 2018.
Uber sees Google Maps as”critical” to its business, it states in the filing. 
If Google and Uber were to finish their agreement, this could harm Uber’s company because mapping services may be expensive, inferior, or just not exist. 

Uber filed to go public on Thursday, and its S-1 paperwork revealed that from the beginning of 2016 to the end 2018, Uber spent some $58 million on Google Maps — a role that is”critical to the functionality of our platform,” built in as it is to the provider’s programs for riders and drivers alike.

The filing indicates that Uber has been working with Google to use Google Maps for Work, its business-grade version of the mapping tool, since October 2015. In the filing, Uber states that it’s turned to Google becuase it is the only one that meets its needs all over the world.  See the rest of the story at Business Insider

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