About the Company
Uber Technologies, Inc., commonly referred to as Uber, is an American multinational transportation company that provides ride-hailing services, courier services, food delivery, and freight transport. It is headquartered in San Francisco, California, and operates in approximately 70 countries and 10,500 cities worldwide. It is the largest ridesharing company worldwide with over 150 million monthly active users and 6 million active drivers and couriers. It facilitates an average of 28 million trips per day and has facilitated 47 billion trips since its inception in 2010. In 2023, the company had a take rate (revenue as a percentage of gross bookings) of 28.7% for mobility services and 18.3% for food delivery. Uber classifies its drivers as gig workers or independent contractors, a practice that has drawn criticism and legal challenges because it allows the company to withhold worker protections that it would have been required to provide to employees. Studies have shown that, especially in cities where it competes with public transport, Uber contributes to traffic congestion, reduces public transport use, has no substantial impact on vehicle ownership, and increases automobile dependency. Other controversies involving Uber include various unethical practices such as aggressive lobbying and ignoring and evading local regulations, many of which were revealed by a leak of documents showing controversial activity between 2013 and 2017 under the leadership of Travis Kalanick.
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Latest $UBER News
Uber defends Nevada ballot petition to cap all contingency fees at 20%
In a new brief defending a ballot initiative to cap contingency fees in all civil litigation in Nevada at 20%, ridesharing ...
Uber Gets Some Drivers’ Worker Status Claims Sent to Arbitration
Uber Technologies Inc. can force three drivers to arbitrate claims the company misclassified them as independent contractors ...
Column: Uber, Lyft ask US Supreme Court to block state officials from skirting arbitration mandates
In a pair of new petitions to the U.S. Supreme Court, rideshare companies Uber and Lyft are asking the justices to bar state ...
Micron, Uber And A Consumer Products Giant On CNBC's 'Final Trades'
On CNBC's “Halftime Report Final Trades,” Bill Baruch of Blue Line Capital named Micron Technology, Inc. (NASDAQ:MU), which ...
Uber- and Nvidia-backed Serve Robotics ends Nasdaq debut down 22%
Uber Technologies Inc.- and Nvidia Corp.-backed sidewalk delivery robots company Serve Robotics Inc. made its debut on the ...
Uber Raided in Tax Probe of Its Portuguese Delivery Partners
Uber Technologies Inc.’s offices were among 65 premises raided by Portuguese public prosecutors probing a €28 million ($30 ...
Serve Robotics raises $40M with IPO to expand Uber Eats deliveries
Serve Robotics has begun trading on Nasdaq and plans to expand its deliveries with Uber Eats to more U.S. cities.
Uber Sexual Assault Judges Weigh Duty to Riders Amid Legal Fog
The California Supreme Court’s decision not to clarify Uber Technologies Inc.'s responsibility in a case where a passenger ...
Uber Technologies Inc. Hits Milestone with Uber Eats and Sets Ambitious 2024 Targets
Uber Technologies Inc. Achieves Milestone with Uber Eats Uber Technologies Inc. (UBER:NYSE) has recently been in the ...
Rideshare platform Uber expands to Newfoundland and Labrador
Uber Technologies Inc. says it has brought its ridesharing platform to Newfoundland and Labrador. The U.S. tech company says ...
Uber’s Master Class: 5 Crucial Lessons In Unicorn-Entrepreneurship
Uber has been one of the most disruptive companies of the last 50 years. Here are 5 lessons for growth entrepreneurs from the ...
Uber: Increasing Uber One Members Boost Booking Growth
Discover why Uber's stock is undervalued with potential for growth in margin and free cash flow. Read the article to learn ...
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