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Uber warns that Apple and Googlea??s stranglehold over the distribution of apps poses a major risk to its business (GOOG, FB)

Uber warns that Apple and Googlea??s stranglehold over the distribution of apps poses a major risk to its business (GOOG, FB)
AP



Uber is warning that Google and Apple's collective dominance over the app economy poses a potential big risk to its business.




On Thursday, the ride-hailing company filed its S-1 paperwork to go public, offering an unprecedented public look at its business.




Companies have increasingly complained in recent years about the stranglehold that Google and Apple's app stores give them over the rest of the tech industry.




Uber is also reliant on Google Maps to function, and paid some $58 million to Google to use the technology between 2016 and 2018.



Apple and Google collectively have a stranglehold over the distribution of apps — and Uber is warning that that poses potential major risks to its business.
On Thursday, Uber finally filed its S-1 paperwork to go public in the coming weeks, offering an unprecedented look at the inner workings of the ride-hailing company. It also provides fresh insight into what the Silicon Valley mega-startup views as some of the biggest risks facing it today — and Google and Apple's dominance of the modern app-powered tech industry makes the list.
"Our platform relies on third parties maintaining open marketplaces, including the Apple App Store and Google Play, which make applications available for download," it tells potential investors. "We cannot assure you that the marketplaces through which we distribute our platform will maintain their current structures or that such marketplaces will not charge us fees to list our applications for download."
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