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, Denso and SoftBank Vision Fund.

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 buys Otto for $680 million.

2016

Uber launches Uber Eats in Mexico City.

December 7, 2011

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

February 14, 2011

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

October 15, 2010

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

August 1, 2009

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

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News

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Description
Neha Alawadhi & Peerzada Abrar
May 29, 2020
@bsindia
Firms that provide urban commuting warm up to new realities as lockdown relaxes
Aarian Marshall
May 29, 2020
Wired
With dining rooms closed, more people are using Uber Eats, Grubhub, and DoorDash. But the services face a challenge to satisfy both consumers and restaurants.
Natasha Lomas
May 29, 2020
TechCrunch
Uber UK has launched a Work Hub for drivers to view a selection of temporary work opportunities with other companies as a way to supplement pandemic-hit ride-hailing earnings during the coronavirus crisis. The Work Hub sits within the Uber driver app and displays offers of work from third party providers -- including jobs that involve [...]
Tina Bellon
May 21, 2020
U.S.
Uber Technologies Inc on Thursday for the first time detailed how much it has spent to support its ride-hail drivers and food delivery workers during the coronavirus crisis, which has battered the company and forced it to lay off thousands of employees.
Mike Isaac and Kate Conger
May 12, 2020
www.nytimes.com
A deal would unite two large players in food delivery as more people order in meals during the pandemic.
Kari Paul in San Francisco
May 8, 2020
the Guardian
Uber plans to lay off 3,700 workers as Lyft lays off 982 and furloughs 288. Photograph: Josh Edelson/AFP via Getty Images
Dominic Rushe
May 7, 2020
the Guardian
Lime's new chief executive, Wayne Ting, said: 'Micromobility will be vital to the new world affected by Covid-19 and we are already seeing this.' Photograph: Horacio Villalobos/Corbis via Getty Images
BBC News
May 6, 2020
BBC News
The pandemic has added to financial challenges facing the taxi-hailing app firm.
Kate Conger
May 5, 2020
www.nytimes.com
The ride-hailing companies are accused of defying a new state law that says gig workers should be treated as employees.
Reuters Editorial
May 4, 2020
U.S.
Uber Technologies' Careem subsidiary said on Monday it was cutting 536 jobs this week, representing 31% of the Dubai-headquartered company's workforce.
Reuters Editorial
May 4, 2020
U.S.
Uber said on Monday it was closing down its Uber Eats operations in eight markets because they did not offer a clear route to becoming the number one or number two online food delivery operator, its stated aim for its Eats business.
Connie Loizos
April 29, 2020
TechCrunch
Thuan Pham, hired as Uber's chief technology officer by former CEO Travis Kalanick back in 2013, is leaving the company in three weeks, the ride-share giant revealed today in an SEC filing that came out as a piece today in The Information reported that massive layoffs at Uber are being proposed to preserve some of [...]
Kate Conger
April 17, 2020
www.nytimes.com
The ride-hailing competitors started the year with optimism. Now, like most other companies, they're trying to survive the cratering economy.
Neha Alawadhi
April 17, 2020
@bsindia
Kolkata, Hyderabad, Jaipur, Lucknow and Pune to get the service
Manish Singh
April 6, 2020
TechCrunch
Uber is resuming some services in India as it looks to help other firms deliver grocery and other essential items in select parts of the country, nearly two weeks after New Delhi ordered a three-week lockdown for its 1.3 billion people. The American firm said on Monday that it has partnered with Flipkart to deliver [...]
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.
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