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You are here: Home / Uber: What Investors Need to Know Before Its IPO

Uber: What Investors Need to Know Before Its IPO

It wasn’t all that long ago when you had to hail a taxi to get around in a city. And if you needed a ride to the airport, your only options were to take a cab, drive yourself and pay to leave your car in the airport lot, or try to convince a friend to drop everything so that they would take you. But then came Uber. Continue Reading Below In 2009, Garrett Camp and Travis Kalanick came up with the idea after they were traveling in Paris and couldn’t find a taxi to drive them around. The idea was simple: Create an app that allows users to tap a button on their smartphone and have a car show up — just for them — a few minutes later. The company has since evolved into a ridesharing juggernaut spanning 60 countries. And it has added a slew of new businesses — including Uber Eats and Uber Freight — and committed to developing its own autonomous vehicles (AVs). But Uber has been mired in problems during its short history. Kalanick, the company’s co-founder, was a controversial CEO and was ousted back in 2017. The company faced allegations of widespread sexism beginning… Read full this story

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Uber: What Investors Need to Know Before Its IPO have 301 words, post on www.foxbusiness.com at March 27, 2019. This is cached page on NGHONG. If you want remove this page, please contact us.

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