Google Inc (GOOGL): Head Of Google Express, Tom Fallows, Goes To Uber Technologies

Uber Technologies will be championed by Tom Fallows, Google Inc (NASDAQ:GOOGL)’s ex-head of same-day delivery services. According to The Wall Street Journal, this announcement follows an investment of $200 million, making it not that big a surprise. It is currently unknown what responsibilities will be Mr. Fallows’ concern and Google Inc (NASDAQ:GOOGL) hasn’t found anybody else to take his place in the company.

Google Inc (GOOG)

The delivery service has at its base a fleet of vans that service brick-and-mortar retailers through taking products from stores and bringing them to the customers in a couple of hours, usually. It aims at competing with Amazon.com, Inc. (NASDAQ:AMZN), which went as far as testing taxis in the scope of products’ delivery. In this area, Google Inc (NASDAQ:GOOGL) battles the e-commerce heavyweight through drones, which might ultimately replace cars and drivers when bringing purchases to customers. It’s not sure in Uber and Google Inc (NASDAQ:GOOGL) will be rivals or allies in the delivery business, but the latest management shift between the companies promises to increase the companies in the start-up.

Uber has already been experimenting enough with its large fleet of automobiles with different items like ice cream, flu shots and fresh meals. The company also launched UberESSENTIALS that promise to take small headaches that people might face in terms of buying products. Thus, each customer in Washington D.C. can order from a list of 60 commodities. Google Inc (NASDAQ:GOOGL)’s implications in this latest appearance were probably minimal, but the Mountain View, California-based tech giant has included Uber services in Google maps as an alternative to public transportation. Any user can see how long it will take to reach the destination, even in comparison with other means of transit. This venture cannot promise to enrich substantially the $370 billion market cap Google Inc (NASDAQ:GOOGL), however, it might give some essential insights as to how the delivery business functions.

Disclosure: none
Warren Buffett and BillionairesFree Report: Warren Buffett and 12 Billionaires Are Crazy About These 7 Stocks

Let Warren Buffett, David Einhorn, George Soros, and David Tepper WORK FOR YOU. If you want to beat the low cost index funds by an average of 6 percentage points per year look no further than Warren Buffett’s stock picks. That’s the margin Buffett’s stock picks outperformed the market since 2008. In this free report, Insider Monkey’s market beating research team identified 7 stocks Warren Buffett and 12 other billionaires are crazy about. CLICK HERE NOW for all the details.