Facebook Inc (NASDAQ:FB) May Use Events Data For Uber Like Service

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A patent filing by Facebook Inc (NASDAQ:FB) appears to reveal more than was previously known about the company’s interest in taxi business. The patent describes how friends on Facebook could link up to share a ride to an event. The details of what Facebook is actually driving to are currently blurry, but one gets the impression that the company would be having an Uber-like app, perhaps later following it up with an actual taxi service backed by a fleet of cars.

If indeed Facebook Inc (NASDAQ:FB) is plotting an entry into taxi service business in the same fashion Uber doesn’t, things could be complicated for the ride-share provider. Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL)’s Google has also been rumored to be mulling an entry into Uber-like taxi business, backed by a fleet of self-driving cars.

Facebook’s case

As for Facebook, the company says in the patent document that its ride-share service would be one where a user gets to see who among their friends on the network are attending a certain event. They user will also get to see how those friends who have indicated they plan to attend that particular event will get there. If the other friends are planning to drive themselves to the event, the user can get in touch with them so that you share a ride to the event.

In the event that you are the one driving yourself to the event, you can let your friends know how many people you can take along with you to the event in your car. Perhaps at that point you may also clarify whether you are only willing to carry your friends or are willing to take along with you anyone who is seeking a ride to the same event.

The language of Facebook’s ride-share patent meanders, but it seems to be all about connecting people to share a ride to a common destination.

Expanding into taxi service business

There is no word at the moment about what Facebook Inc (NASDAQ:FB) intends to do later with the patented social ride-sharing idea. However, the description of the patent alone shows that if the feature launches, it would rival Uber. Taxi business appears to be an interesting theme for technology companies. Google has also indicated interest in launching an Uber-like ride-sharing service, something that led to strained relationship between the companies.

Neha Gupta

Neha Gupta has been in the financial space for over six years now. Gupta earned her MBA degree from Symbiosis Centre of Distance Learning in 2009 and her passion for finance led her to pursue Chartered Financial Analyst (CFA) course. She has successfully completed Level II of her CFA. She is a veteran in article writing, which is depicted in her numerous pieces published on SeekingAlpha, Nextiphonenews, InsiderMonkey, MarketWatch, and Techinsider. Her crisp and eloquent writing finds its best place in Researchcows, where emphasis is given on developing rich content for various websites, products, business plans, trainings, and book writing.

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