Uber

Uber Technologies, Inc.
FormerlyUbercab (2009–2011)
Company typePublic
Industry
FoundedMarch 2009 (2009-03)
Founders
HeadquartersSan Francisco, California, U.S.
Area served
70 countries and 10,500 cities worldwide
Key people
Services
RevenueIncrease US$37.281 billion (2023)
Increase US$1.110 billion (2023)
Increase US$1.887 billion (2023)
Total assetsIncrease US$38.699 billion (2023)
Total equityIncrease US$12.028 billion (2023)
Number of employees
30,400 (2023)
Subsidiaries
Websiteuber.com
Footnotes / references
[1]
Uber Taxi

Uber Technologies, Inc., commonly referred to as Uber, is a multinational transportation company that provides ride-hailing services, courier services, food delivery, and freight transport.[1] It is headquartered in San Francisco, California, and operates in approximately 70 countries and 10,500 cities worldwide.[1] It is the largest ridesharing company worldwide with over 150 million monthly active users and 6 million active drivers and couriers. It facilitates an average of 28 million trips per day and has facilitated 47 billion trips since its inception in 2010,[2] after which it grew rapidly, becoming a financial unicorn and disrupting the taxicab business. In 2023, the company had a take rate (revenue as a percentage of gross bookings) of 28.7% for mobility services and 18.3% for food delivery.[2]

Uber classifies its drivers as gig workers or independent contractors, a practice that has drawn criticism and legal challenges because it allows the company to withhold worker protections that it would have been required to provide to employees.[3][4] Studies have shown that, especially in cities where it competes with public transport, Uber contributes to traffic congestion, reduces public transport use, has no substantial impact on vehicle ownership, and increases automobile dependency.[5][6][7] Other controversies involving Uber include various unethical practices such as aggressive lobbying and ignoring and evading local regulations, many of which were revealed by a leak of documents showing controversial activity between 2013 and 2017 under the leadership of Travis Kalanick.

  1. ^ a b c "Uber Technologies, Inc. 2023 Form 10-K Annual Report". U.S. Securities and Exchange Commission. February 15, 2024.
  2. ^ a b "Uber Announces Results for Fourth Quarter and Full Year 2023" (Press release). Business Wire. February 7, 2024.
  3. ^ Sainato, Michael (August 27, 2021). "'I don't like being treated like crap': gig workers aim to retool a system they say is rigged". The Guardian. Archived from the original on October 31, 2021.
  4. ^ Luna, Taryn (November 4, 2020). "California voters approve Prop. 22, allowing Uber and Lyft drivers to remain independent contractors". Los Angeles Times. Archived from the original on January 4, 2021.
  5. ^ Cite error: The named reference BI congestion was invoked but never defined (see the help page).
  6. ^ Cite error: The named reference Verge congestion was invoked but never defined (see the help page).
  7. ^ Cite error: The named reference WSJ congestion was invoked but never defined (see the help page).