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.
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.
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.
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- Travis KalanickCo-founder and former CEO of Uber.
- Dara KhosrowshahiIranian-American businessman, serving as CEO of Uber since 2017.
- GVThe VC Fund formerly known as Google Ventures. GV provides venture capital funding across fields of life science, enterprise technology, consumer products and services and frontier technology.