Uber

Uber Technologies, Inc.
FormerlyUbercab (2009–2011)
TypePublic
NYSEUBER
Russell 1000 Index component
IndustryTransportation
FoundedMarch 2009 (2009-03)
FoundersGarrett Camp
Travis Kalanick
HeadquartersSan Francisco, California, U.S.
Area served
69 countries, over 900 metropolitan areas
Key people
Ronald Sugar (Chairman)
Dara Khosrowshahi (CEO)
Nelson Chai (CFO)
Sukumar Rathnam (CTO)
Tony West (CLO)
ProductsMobile app, website
ServicesVehicle for hire
Food delivery (Uber Eats)
Postmates
Package delivery
Courier
Freight transport
RevenueIncrease US$14.147 billion (2019)
Decrease US$−8.596 billion (2019)
Decrease US$−8.506 billion (2019)
Total assetsIncrease US$31.761 billion (2019)
Total equityIncrease US$14.872 billion (2019)
Number of employees
26,900 (2019)
SubsidiariesUber Eats
Careem
Postmates
Zomato (9.99%)
Websitewww.uber.com
Footnotes / references
[1][2][3][4]
Yellow Uber car in Moscow
An Uber driver in Bogotá, Colombia with the Uber app on a dashboard-mounted smartphone

Uber Technologies, Inc., commonly known as Uber, is an American technology company. Its services include ride-hailing, food delivery (Uber Eats), package delivery, couriers, freight transportation, and, through a partnership with Lime, electric bicycle and motorized scooter rental. The company is based in San Francisco and has operations in over 900 metropolitan areas worldwide.[2] It is one of the largest firms in the gig economy.

Uber is estimated to have over 93 million monthly active users worldwide.[5] In the United States, Uber has a 71% market share for ride-sharing[6] and a 22% market share for food delivery.[7] Uber has been so prominent in the sharing economy that changes in various industries as a result of Uber have been referred to as uberisation,[8][9][10] and many startups have described their offerings as "Uber for X".[11][12][13]

Like similar companies, Uber has been criticized for the treatment of drivers as independent contractors, disruption of taxicab businesses, and an increase in traffic congestion. The company has been criticized for various unethical practices and for ignoring local regulations, particularly under the leadership of former CEO Travis Kalanick.

  1. ^ "Uber Technologies, Inc. – Financials (10K)". investor.uber.com. Retrieved April 29, 2020.
  2. ^ a b "Uber: Cities".
  3. ^ Bhuiyan, Johana (April 25, 2018). "Uber's first diversity report under CEO Dara Khosrowshahi shows Uber is still mostly white and male". Recode. Archived from the original on January 30, 2019. Retrieved January 29, 2019.
  4. ^ "Uber just sold its food delivery business in India to local rival Zomato for 9.99% stake". CNBC. January 20, 2020. Retrieved January 20, 2020.
  5. ^ "Monthly number of Uber's active users worldwide". Statista.
  6. ^ "Rideshare Industry Overview". Second Measure.
  7. ^ "Which company is winning the restaurant food delivery war?". Second Measure.
  8. ^ Boland, Michael (December 1, 2014). "Apple Pay's Real Killer App: The Uber-ification of Local Services". HuffPost. Archived from the original on April 29, 2017.
  9. ^ Lazo, Kristyn, Nika M. (May 4, 2016). "Execs wary 'disruptive tech' to heighten biz competition – IBM". The Manila Times. Archived from the original on September 8, 2018. Retrieved September 8, 2018.
  10. ^ "Taking uberization to the Field – Disruption is coming for Field Marketing". International Data Group. April 14, 2016. Archived from the original on June 12, 2018. Retrieved August 25, 2018.
  11. ^ Webb, Amy (December 9, 2016). "The 'Uber For X' Fad Will Pass Because Only Uber Is Uber". Wired. Archived from the original on August 30, 2017. Retrieved August 29, 2017.
  12. ^ Madden, Sam (August 17, 2017). "Read This Before You Build Uber for X". Y Combinator. Archived from the original on January 4, 2019. Retrieved January 4, 2019.
  13. ^ Porat, Shawn (January 6, 2016). "The 'Uber for X' Model: Opportunities and Challenges". HuffPost. Archived from the original on September 12, 2017. Retrieved January 4, 2019.