Uber Technologies, Inc.
American multinational transportation company that offers ride-hailing, food delivery, and freight transport services through its mobile app platform.
Company Type
public
Founded
2009
Headquarters
San Francisco, California, USA
Stock
NYSE: UBER
About Uber Technologies, Inc.
Uber Technologies, Inc. is a publicly traded American multinational transportation company with annual revenue exceeding $37 billion. The company operates a global mobility platform connecting riders with drivers, food delivery with restaurants, and shippers with carriers.
The company's primary business segments include Mobility (ride-hailing), Delivery (food and package delivery), and Freight (logistics services). Uber operates in over 70 countries and 10,000 cities worldwide, serving millions of customers daily through its mobile app platform.
Uber has invested heavily in autonomous vehicle technology, electric vehicle transitions, and sustainable transportation solutions. The company continues to expand its service offerings and geographic presence while working toward profitability.
History of Uber Technologies, Inc.
Uber was founded in 2009 by Travis Kalanick and Garrett Camp as "UberCab" in San Francisco. The concept emerged from Camp's frustration with finding a taxi in Paris, leading to the idea of a mobile app-based transportation service.
The company launched its service in 2010, initially focusing on luxury black car rentals before expanding to standard ride-sharing with UberX in 2012. The rapid expansion included international markets, with Uber launching in London, Paris, and other major cities by 2011-2012.
Throughout the 2010s, Uber diversified beyond ride-hailing, launching Uber Eats in 2014, Uber Freight in 2017, and various other services. The company went public in May 2019 in one of the largest IPOs of the year, raising $8.1 billion.
The company faced significant leadership changes, with Dara Khosrowshahi becoming CEO in 2017 following Kalanick's resignation. Under Khosrowshahi's leadership, Uber focused on profitability and sustainable growth while expanding its service offerings.
Brands Owned by Uber Technologies, Inc.
Uber Technologies, Inc. owns 0 brands in our database.
Stock Information
Uber Technologies, Inc. Ownership: Pros & Cons
Advantages
- +Global brand recognition and market leadership in ride-hailing
- +Diversified revenue streams across mobility, delivery, and freight
- +Strong technology platform and mobile app ecosystem
- +Extensive global presence in over 70 countries
- +Significant investment in autonomous vehicle technology
Considerations
- -Intense competition from local and global competitors in various markets
- -Regulatory challenges and legal restrictions in some jurisdictions
- -Driver classification and labor law challenges in multiple markets
- -High operational costs and path to profitability concerns
- -Dependence on gig economy workforce model
Frequently Asked Questions About Uber Technologies, Inc.
Is Uber owned by another company?
No, Uber Technologies, Inc. is an independent publicly traded company. The company trades on the New York Stock Exchange under ticker UBER and is owned by its shareholders, including institutional investors and individual investors worldwide.
Is Uber publicly traded?
Yes, Uber is publicly traded on the New York Stock Exchange under the ticker symbol UBER. The company went public in May 2019 in one of the largest IPOs of that year, raising $8.1 billion.
When was Uber founded?
Uber was founded in 2009 by Travis Kalanick and Garrett Camp in San Francisco. The company initially launched as "UberCab" before rebranding to Uber and expanding globally.
Who created Uber?
Uber was created by Garrett Camp and Travis Kalanick. Camp conceived the idea after struggling to find a taxi in Paris, while Kalanick helped scale the company into a global transportation platform.
What is Uber's market position?
Uber holds a dominant position in the global ride-hailing market and is a major player in food delivery through Uber Eats. The company operates in over 70 countries and faces competition from local alternatives and global competitors like Lyft and DoorDash.
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