uploads///

Does Jeff Bezos Like Airbnb More than Uber?

By

Updated

Jeff Bezos’s investment in tech

In this series so far, we’ve discussed Amazon (AMZN) CEO Jeff Bezos’s key investments based on sectors and business stages. While the majority of his investments are in the technology sector, his investment portfolio suggests that he prefers to invest in early-stage companies over later-stage companies.

Let’s look at Bezos’s investments in Airbnb and Uber.

Article continues below advertisement

Investments in Uber and Airbnb

Bezos invested ~$37 million in American ride-hailing service provider Uber in 2011, data compiled by CrunchBase suggested.

Uber has been working to develop autonomous cars lately. Nearly nine months after its test autonomous car got into an accident in Arizona, it started testing autonomous vehicles on public roads again in December 2018. In the same month, Uber also made a confidential filing with the regulator for its IPO within just a few days of its rival Lyft’s IPO filing. According to a Reuters report, “Uber’s valuation in its most recent private financing was $76 billion, and it could be worth $120 billion in an IPO.”

Some large US companies (SPY), including NVIDIA (NVDA), Intel (INTC), Apple (AAPL), and Micron Technology (MU), have shown interest in self-driving technology in the last couple of years. Automakers such as General Motors (GM), Ford Motor Company (F), and Tesla (TSLA) are already working on autonomous cars. Similarly, Chinese tech giant Baidu (BIDU) is also developing the technology for self-driving cars.

Bezos invested ~$112 million in Airbnb in 2011, nearly 203% higher than his investment in Uber, according to CrunchBase data. Airbnb is also expected to file for its IPO in 2019.

Advertisement

More From Market Realist