Uber Technologies Inc. Is An American Online Transportation Network Company Based

2157 WordsDec 7, 20169 Pages
Uber Technologies Inc. is an American online transportation network company based in San Francisco, California and until recently is available worldwide. It develops, markets and operates the Uber mobile app, which allows consumers with smartphones to submit a trip request using the app. The software program then automatically sends the nearest Uber driver the location of the consumer. The Uber app automatically calculates the fare and transfers the payment to the Uber driver. Uber driver’s use their own personal vehicles and work on a part-time need basis by having higher surge charges when drivers are needed. Uber now operates in over 66 countries and 507 cities worldwide. In this paper the basic background of the company, business decisions, different means of transportation they offer, some of the backlash they have encountered, and future technologies they are working on. Uber which is a reference to the common slang phrase “uber” which means super was founded by Garrett Camp, who is the founder of StumbleUpon, and Travis Kalanick in 2009. In 2010, Uber raised $1.25 million in funding following a beta launch that summer. Uber 's services and mobile app officially launched in San Francisco in 2011. Initially, Ryan Graves was appointed as CEO, however Kalanick replaced him in the role later that year. Graves stepped down to become the company 's COO. By the end of 2011, Uber had raised $44.5 million in funding. That same year, the company changed its name from

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