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

July 7, 2020

Uber launches new grocery delivery service in Toronto and Montreal

July 6, 2020

Uber announces plans to acquire Postmates for $2.65 billion in an all-stock transaction.

In a bid to expand its share of the U.S. food delivery market, Uber made an acquisition offer for San Francisco-based Postmates. At the time of the acquisition, Uber said it will continue to operate Postmates as a separate brand, but Postmates will utilize certain infrastructure and driver capacity developed by Uber. The transaction will need to be approved by U.S. regulators and is expected to be finalized in Q1 2021.

Wachtell, Lipton, Rosen & Katz served as legal counsel to Uber. J.P. Morgan Securities LLC served as financial advisor and Latham & Watkins LLP as legal counsel to Postmates.

May 29, 2020

Uber UK launches Work Hub for drivers to find other gig jobs during COVID-19.

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.

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Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Uber funding round, April 2019
1,000,000,000
April 19, 2019
7 Results
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News

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Author
Date
Publisher
Description
The Associated Press
September 28, 2020
CTVNews
Uber can keep operating in London for another year and a half after winning its appeal of a decision by the British capital's transit regulator not to renew its license.
Gwyn Topham Transport correspondent
September 28, 2020
the Guardian
Uber's new 18-month licence will come with 21 conditions, proposed jointly by the company and TfL. Photograph: Henry Nicholls/Reuters
BBC News
September 28, 2020
BBC News
The firm gets a new licence to work in the capital after a court says it has addressed safety issues.
BBC News
September 16, 2020
BBC News
The safety driver of an Uber autonomous car is charged with negligent homicide.
BBC News
September 8, 2020
BBC News
The transportation company says it has a "responsibility" to tackle climate change.
The Canadian Press
September 8, 2020
CTVNews
Uber Technologies Inc. is launching a handful of sustainability measures in Canada in an effort to reach lofty goals it has set for lowering greenhouse gas emissions.
BBC News
September 1, 2020
BBC News
Some passengers will need to verify they have a coronavirus face mask prior to ordering a ride.
Telegraph reporters
August 29, 2020
The Telegraph
Ride-hailing app was accused in court of not notifying Transport for London of a glitch that let drivers swap their photos
Lily Hay Newman
August 21, 2020
Wired
Prosecutors allege that former Uber security chief Joseph Sullivan covered up a major breach, in the first high-profile case of its kind.
Kate Conger
August 20, 2020
www.nytimes.com
Joe Sullivan, who led Uber's security team through the company's most tumultuous period, was fired by the company's newly installed chief executive in 2017.
Heather Landi
August 20, 2020
FierceHealthcare
Rideshare giant Uber is trying to crack the $500 billion U.S. drug prescription market. Uber Health is teaming up with NimbleRx to offer online prescription drug delivery in two markets. Find out more about the partnership and how Uber could get a slice of the market.
Aarian Marshall
August 7, 2020
Wired
The pandemic has slashed demand for rides and boosted orders for UberEats. Neither segment is profitable.
Kate Conger
August 6, 2020
www.nytimes.com
Uber said revenue fell 29 percent in the second quarter because people traveled less, but food deliveries soared.
Kirsten Korosec
August 6, 2020
TechCrunch
Uber reported its second-quarter earnings Thursday and buried in the blizzard of less-than-rosy numbers is a stunning figure that illustrates how much the company has changed during the COVID-19 pandemic. Uber's delivery business -- better known as Uber Eats -- is now bigger than its original and core ride-hailing division, based on adjusted net revenue. [...]
Peerzada Abrar
July 29, 2020
@bsindia
The partition would act as a protective barrier for restricting contact and aims to facilitate social distancing between drivers and riders for making travel safer
Megan Rose Dickey
July 24, 2020
TechCrunch
Welcome back to Tech at Work, a bi-weekly roundup and analysis of labor, and diversity and inclusion in tech. This week, we're looking at Uber's anti-racism commitment, Shipt shoppers walking off the job, Facebook's diversity report and Black gig workers organizing against tech companies. Also, hear from CODE2040 CEO Karla Monterroso on tech's response to [...]
Alexander Martin
July 21, 2020
Sky News
The judgment will either challenge Uber's business model in the UK or make it impossible for drivers to collectively organise.
Jim Dallke
July 17, 2020
AmericanInno
Uber is reportedly seeking a $500 million investment for its Uber Freight division in a deal that could value the company's Chicago-based shipping arm at $4 billion.
Kirsten Korosec
July 16, 2020
TechCrunch
Uber said Thursday it has acquired Routematch, an Atlanta-based company that provides software to transit agencies as the ride-hailing company looks to offer more SaaS-related services to cities. Uber did not share terms of the deal. However, it doesn't appear to be a minor "acquihire," in which a company is purchased to land a few [...]
Aarian Marshall
July 9, 2020
Wired
Nonprofits and advocacy groups signed on to an organization called Communities Against Rider Surveillance--without knowing that the ride-hail giant was involved.
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References

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