Golden
Uber

Uber

Uber Technologies Inc. is a transportation network company (TNC) headquartered in San Francisco, California.

Uber offers services including peer-to-peer ridesharing, ride service hailing, food delivery, and a bicycle-sharing system. The company has operations in 785 metropolitan areas worldwide. Its platforms can be accessed via its websites and mobile apps. Uber has been so prominent in the sharing economy that the changes in industries as a result of it have been referred to as uberisation, and many startups have described their products as "Uber for X".The name "Uber" is a reference to the common (and somewhat colloquial) word uber, meaning "topmost" or "super", and having its origins in the German word über, cognate with over, meaning "above".Uber is estimated to have 110 million worldwide users and a 69.0% market share in the United States.Uber is a gold member of the Linux Foundation and has a five star privacy rating from the Electronic Frontier Foundation.Most jurisdictions regulate TNCs and TNCs are banned from operating in some jurisdictions. For more information, see Legality of TNCs by jurisdiction. Rides to or from an airport comprise 15% of bookings.On May 10, 2019, the company expects to become a public company via a public offering.

Timeline

March 2, 2020

Uber sells its Indian food delivery business to Zomato for $206 million.

October 14, 2019

Uber announces its intent to acquire the grocery delivery company Cornershop.

October 11, 2019

Uber announces that it's adding grocery delivery to its list of services and buys a majority stake in Cornershop.

October 3, 2019

Uber makes JFK airport helicopter taxis available to all users.

September 2019

Uber announces a new feature called RideCheck that aims to detect when something goes awry during a trip.

August 20, 2019

Uber agrees to settle the case and pay $245 million to Google's self-driving car spinoff, now called Waymo.

August 15, 2019

Uber offers free insurance to its riders in partnership with Bharti AXA and Tata AIG.

August 8, 2019

Uber Posts $5.2 Billion Loss and Slowest Ever Growth Rate.

August 2019

Uber reports a record quarterly loss of $5.2 billionand also experiences its slowest-ever revenue growth.

May 9, 2019

Uber’s I.P.O. values it at $82.4 billion.

April 19, 2019

Uber raises a $1,000,000,000 corporate funding round from Toyota, SoftBank Vision Fund and Denso.

April 11, 2019

Uber filed its S-1 document

January 2019

Uber's ousted founder Travis Kalanick raises $400 million from Saudi Arabia for his food-delivery startup.

May 2018

Uber announced plans for the report on sexual assaults.

2018

Uber's revenue totaled $11.3 billion in 2018

June 1, 2016

Uber raises a $3,500,000,000 series G round from Geodesic Capital and Saudi Arabia's Public Investment Fund.

2016

Uber launches Uber Eats in Mexico City.

2016

Uber buys Otto for $680 million.

December 7, 2011

Uber raises a $37,000,000 series B round from Benchmark Capital, Goldman Sachs, CrunchFund, Lowercase Capital, Jeff Bezos, Menlo Ventures and Bezos Expeditions.

February 14, 2011

Uber raises a $11,000,000 series A round from Alfred Lin, First Round Capital, Founder Collective, Lowercase Capital, Innovation Endeavors and Scott Banister.

October 15, 2010

Uber raises a $1,250,000 seed round from Shawn Fanning, Babak Nivi, Alfred Lin, First Round Capital, Naval Ravikant, Founder Collective, Cyan Banister, Jason Calacanis, Josh Spear, Lowercase Capital, Scott Banister, Mitch Kapor and David Cohen.

August 1, 2009

Uber raises a $200,000 seed round from Garrett Camp and Travis Kalanick.

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News

Title
Author
Date
Publisher
Description
Neha Alawadhi
April 2, 2020
@bsindia
A B2B alliance, Ubers drivers will initially help BigBasket with last-mile delivery in Bengaluru, Hyderabad, Chandigarh and Noida
BBC News
March 30, 2020
BBC News
Despite the offers unions say the firms are "still failing" to support their own workers during the crisis.
Tina Bellon
March 10, 2020
U.S.
Margaret Bordelon can still feel the hands of the drunk man who tried to pull her in for a kiss at the end of his Uber ride last September in Lafayette, Louisiana.
Neha Alawadhi
March 3, 2020
@bsindia
The deal, which was announced on January 21, said Uber will get a 9.95 stake in Zomato
Alex Davies
February 26, 2020
Wired
Uber's ad program gives drivers a chance to earn more--and gives the ride-hailing company a new revenue stream as it struggles to become profitable.
Elizabeth Lopatto
February 19, 2020
The Verge
Susan Fowler wrote a blog post about working at Uber that changed her life. I met her for lunch years later, just before her book launch for Whistleblower, to talk about what prompted her to blow the whistle, what it was like to be followed and investigated, and whether she'd do it again.
Megan Rose Dickey
February 13, 2020
TechCrunch
Bernard Coleman, Uber's first-ever head of diversity, has left the company, TechCrunch has learned. His last day was Friday, January 17. "Bernard's contributions over the years helped make Uber a more inclusive and diverse company and we wish him all the best," an Uber spokesperson told TechCrunch. Coleman's next stop is payroll startup Gusto, where [...]
BS Reporter
February 11, 2020
@bsindia
The Hyderabad-based team will be involved in enabling upcoming new global features and improvements, including real-time earnings
Salman S.H.
February 10, 2020
Livemint
Uber India has formed several partnerships with mobility firms to bring new vehicles on its platform.Uber has avoided owning vehicles and the new sourcing model will help it avoid asset management costs
Reuters
February 8, 2020
@bsindia
Uber and Lyft, both based in San Francisco, are ride hailings odd couple
Dominic Rushe
February 6, 2020
the Guardian
Dara Khosrowshahi: 'We recognize that the era of growth at all costs is over.' Photograph: Anushree Fadnavis/Reuters
BBC News
February 5, 2020
BBC News
It is a revival of the firm's self-driving programme, which was scaled back after a fatal crash.
Kirsten Korosec
February 5, 2020
TechCrunch
Uber Advanced Technologies Group has been issued a permit that would allow the company to put its autonomous vehicles back on public roads in California nearly two years after the company scaled back its testing program following a fatal crash in Arizona that killed a pedestrian. Uber doesn't have immediate plans to put its autonomous [...]
Nelson Bocanegra
January 31, 2020
U.S.
Like a race car driver, Karen Londono is competing against the clock. She rests just four hours a day, trying to take as many fares as possible driving for Uber, before the application is deactivated in Colombia.
David Shepardson
January 23, 2020
U.S.
Uber Technologies Inc will put self-driving vehicles on Washington, D.C. roads Friday with human drivers in control, the ride share company said on Thursday, as it seeks to collect data for future deployment of fully self-driving vehicles.
Alex Coop
January 15, 2020
IT Business
People say their farewells to Windows 7, Uber drivers in Ontario want to unionize, and Microsoft's CEO says encryption backdoors are a "terrible idea".
Adrian Potoroaca
December 30, 2019
TechSpot
Uber may have lost its license to operate in London due to safety concerns, but the company is still quickly expanding in other regions like the Middle East, as it hopes to become profitable by 2021.
Bloomberg
December 24, 2019
@bsindia
Read more about Travis Kalanick cuts all ties with Uber; leaves board, sells all shares on Business Standard. Kalanick, 43, has sold all of his remaining shares in the ride-hailing giant and plans to focus on his new business and philanthropic endeavours
Reuters and Isobel Asher Hamilton
December 16, 2019
Business Insider
Uber drivers will still be allowed to operate while the court fight goes on, which could take months or even years.
Marcelo Rochabrun
December 11, 2019
IN
Like many Uber drivers in Sao Paulo, the ride-hailing app's busiest city in the world, Augusto Caio Pereira does not actually own or lease the car he nudges through the city's notorious traffic jams every day.
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References