A popular taxi and ride-share app-based platform, Uber was established during the year 2009. This app-based platform matches the riders with the drivers of own cars through an app or Uber’s website. The company is headquartered in San Francisco and the company provides various services like taxicab hailing, car sharing, food delivery, bike-sharing, rental cars, and transit tickets.
Over the years, Uber’s strategic focus has helped the company to drive efficiencies and has invested a huge amount in the latest technology. It has put its effort to lower the price of the taxi through its demand prediction algorithm that matches the supply and demand.
Currently, Uber is being operated in about 785 metropolitan areas across the world. Uber platform is easily accessible through its app and website. Uber has introduced the ride-sharing phenomenon. It substituted the idea where people step out to rent a cab when they require it.
Ever since its formation, Uber has become a favorite model for many users. Users can book an Uber ride and let the driver pick up from the user’s preferred location. However, the company has seen a huge growth regardless of getting a few negative reviews and criticism.