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The company is rumored to be looking to branch out into the fintech industry, which would presumably include a hiring push in New York City and may eventually include banking. It is said to be looking for a much larger office space that is somewhere between 250k and 300k square feet in the city.
CNBC reported that the NY team could begin the planning stages for the creation of a bank account, which would give the company control of all payments made by customers, and may undercut the need to pay other banks transaction fees for ride-sharing or food delivery. However, the launch could still be years away. Uber did not immediately return Yahoo Finance’s request for comment.
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