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

February 2, 2021
Uber buys Drizly for $1 billion.

Uber on Tuesday announced it was buying alcohol-delivery service Drizly for $1.1 billion.

Drizly was founded in 2012 by three Boston college grads.

It attracted almost $120 million in venture funding.

The company went on to raise an estimated total of $119.6 million in venture funding, according to Crunchbase, which included big-check growth rounds from firms like Tiger Global Management and Avenir Growth Capital.

December 7, 2020
Uber announces the sale of its self-driving unit to autonomous vehicle startup Aurora in a move it said would accelerate the ride-sharing company's goal to achieve profitability.
October 11, 2020
Uber rolls out a new feature that lets you book a ride 30 days in advance.
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.

May 2020
Uber announces major global layoffs of around 15% of its workforce, which includes around 200 staff based in Amsterdam.
March 2, 2020
Uber sells its Indian food delivery business to Zomato for $206 million.
January 2020
Uber announces it has partnered with South Korean automaker Hyundai Motor Co to develop electric air taxis as part of its Elevate program.
October 14, 2019
Uber announces its intent to acquire the grocery delivery company Cornershop.
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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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People

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LinkedIn

Further reading

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Documentaries, videos and podcasts

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Companies

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News

Title
Author
Date
Publisher
Description
Peerzada Abrar
March 1, 2021
@bsindia
As Indians start travelling in the new normal, strong recovery in smaller towns underscores success for ride-hailing giants India to Bharat strategy, which offers new products in regional markets
Sarah Butler
March 1, 2021
the Guardian
Unions say questions are designed to help get sympathetic changes in employment law
John Naughton
February 27, 2021
the Guardian
The additional costs of conforming to the court's decision could force Uber into a price rise. Photograph: Hannah Mckay/Reuters
PayPal Holdings, Inc.
February 26, 2021
www.prnewswire.com:443
/PRNewswire/ -- PayPal Holdings, Inc. (NASDAQ: PYPL) today announced it has joined Uber Technologies, Inc.'s (NYSE: UBER) effort to provide free or discounted...
Shona Ghosh and Theo Golden
February 23, 2021
Business Insider
Uber wrongly hoped its service would become so popular that regulators would roll over.
Sarah Butler
February 22, 2021
the Guardian
Lawyers acting for claimants say firm's statement after last week's supreme court ruling is misleading
Jason Moyer-Lee
February 20, 2021
the Guardian
For too long the Conservatives have left workplace protections to the whims of employers, says Jason Moyers-Lee, a former IWGB general secretary
Matthew Sparkes
February 19, 2021
New Scientist
The UK's highest court has ruled on an employment tribunal case brought by Uber drivers and found that they should be classed as workers, rather than self-employed. The ruling could have an impact on the wider UK gig economy
Aarian Marshall
February 19, 2021
Wired
The country's highest court ruled that the 25 drivers who filed a lawsuit should be considered workers and entitled to minimum wage and vacations.
Press Trust of India
February 19, 2021
@bsindia
Taxi ride-hailing giant Uber must classify its drivers as workers with minimum wage, holiday and sick pay rights, rather than be categorised as self-employed, the UK Supreme Court ruled on Friday.
Natasha Lomas
February 19, 2021
TechCrunch
Uber has lost a long running employment tribunal challenge in the UK's Supreme Court -- with the court dismissing the ride-hailing giant's appeal and reaffirming earlier rulings that drivers who brought the case are workers, not independent contractors. The case, which dates back to 2016, has major ramifications for Uber's business model (and other gig [...]
Matthew Fox
February 19, 2021
markets.businessinsider.com
The ruling could have wide ramifications for workers and companies within the gig economy across Europe.
Alex Coop
February 19, 2021
IT Business
The Canadian Revenue Agency says online accounts were locked because of an "external threat", Facebook picks the nuclear option and bans news on its platform in Australia, and Uber takes down the UberCheats app.
Sarah Butler
February 19, 2021
the Guardian
Decision means drivers will be entitled to basic rights such as paid holidays, say lawyers
Jon Porter
February 19, 2021
The Verge
Uber has lost the final appeal in a long running UK legal battle over whether its drivers are self-employed or legally-recognized workers with all the attendant rights. The ruling could have big implications for its business model in the country.
Natasha Lomas
February 17, 2021
TechCrunch
Uber has been accused of downplaying its influence over working conditions in the gig economy after the ride-hailing giant published a white paper earlier this week in which it lobbied for a 'Prop 22' style deregulation of Europe's labor laws. Fairwork, an academic research project that benchmarks gig platforms against a set of fairness principles [...]
MediaCom
February 16, 2021
www.prnewswire.com:443
/PRNewswire/ -- Adweek, a leading US-based brand marketing and advertising industry news publication, has named MediaCom Global Media Agency of the Year in...
Kirsten Korosec
February 15, 2021
TechCrunch
The Station is a weekly newsletter dedicated to all things transportation. Sign up here -- just click The Station -- to receive it every weekend in your inbox. Hi friends and new readers, welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to [...]
Tyler Sonnemaker
February 11, 2021
Business Insider
Uber's mixed earnings report Wednesday highlighted the long list of obstacles it must overcome to survive the pandemic and eventually turn a profit.
Claire Miller
February 10, 2021
NPR.org
During the pandemic, Uber has doubled-down on delivery services, most recently acquiring the alcohol e-commerce platform Drizly. But can one company safely give you everything you want?
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References

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