you should go before I feel like hitting something I’ll call you newer an uberx
something I’ll call you newer an uberx
something I’ll call you newer an uberx actually they’re the reason why hailing
actually they’re the reason why hailing
actually they’re the reason why hailing a cab no longer requires a wave from the
a cab no longer requires a wave from the
a cab no longer requires a wave from the street welcome to watchmojo.com and
street welcome to watchmojo.com and
street welcome to watchmojo.com and today we’re counting down ten
today we’re counting down ten
today we’re counting down ten fundamental facts you should know about
fundamental facts you should know about
fundamental facts you should know about uber you ready I’m ready
uber you ready I’m ready
uber you ready I’m ready alright is that for you this is for real
alright is that for you this is for real
alright is that for you this is for real number ten
number ten
number ten what is uber uber is an international
what is uber uber is an international
what is uber uber is an international transportation network company designed
transportation network company designed
transportation network company designed as a modern alternative to traditional
as a modern alternative to traditional
as a modern alternative to traditional taxi cab systems the company is centered
taxi cab systems the company is centered
taxi cab systems the company is centered around a smartphone app that allows
around a smartphone app that allows
around a smartphone app that allows consumers to submit a trip request and
consumers to submit a trip request and
consumers to submit a trip request and drivers to directly respond from their
drivers to directly respond from their
drivers to directly respond from their own cars if my parole officer calls you
own cars if my parole officer calls you
own cars if my parole officer calls you were picking me up what it’s a thing
were picking me up what it’s a thing
were picking me up what it’s a thing it’s I just I need you to help me out on
it’s I just I need you to help me out on
it’s I just I need you to help me out on this in terms of the customer experience
this in terms of the customer experience
this in terms of the customer experience it seemingly cuts out the middleman
it seemingly cuts out the middleman
it seemingly cuts out the middleman because with uber it’s not necessary to
because with uber it’s not necessary to
because with uber it’s not necessary to contact a taxi firm which then contacts
contact a taxi firm which then contacts
contact a taxi firm which then contacts a driver on your behalf oh my god no
a driver on your behalf oh my god no
a driver on your behalf oh my god no driver today yeah yeah yeah number nine
driver today yeah yeah yeah number nine
driver today yeah yeah yeah number nine who created Ober the network is
who created Ober the network is
who created Ober the network is headquartered in San Francisco and was
headquartered in San Francisco and was
headquartered in San Francisco and was founded as uber cab in 2009 by Garrett
founded as uber cab in 2009 by Garrett
founded as uber cab in 2009 by Garrett camp and Travis kalanick camp is a
camp and Travis kalanick camp is a
camp and Travis kalanick camp is a Canadian entrepreneur who had previously
Canadian entrepreneur who had previously
Canadian entrepreneur who had previously found success by co-founding the web
found success by co-founding the web
found success by co-founding the web discovery service StumbleUpon and Callen
discovery service StumbleUpon and Callen
discovery service StumbleUpon and Callen ik is an American whose most notable
ik is an American whose most notable
ik is an American whose most notable startup before ooh BRR was read swoosh a
startup before ooh BRR was read swoosh a
startup before ooh BRR was read swoosh a peer-to-peer file-sharing company which
peer-to-peer file-sharing company which
peer-to-peer file-sharing company which he created alongside Michael Todd in
he created alongside Michael Todd in
he created alongside Michael Todd in 2001 camp in Callen ik received $200,000
2001 camp in Callen ik received $200,000
2001 camp in Callen ik received $200,000 in seed funding before raising around
in seed funding before raising around
in seed funding before raising around 1.25 million dollars of additional funds
1.25 million dollars of additional funds
1.25 million dollars of additional funds in 2010 their first full year of
in 2010 their first full year of
in 2010 their first full year of business the question is for a tech
business the question is for a tech
business the question is for a tech company is do you want to be part of the
company is do you want to be part of the
company is do you want to be part of the future or do you want to resist the
future or do you want to resist the
future or do you want to resist the future and we feel that in many ways we
future and we feel that in many ways we
future and we feel that in many ways we want to not be like the taxi the taxi
want to not be like the taxi the taxi
want to not be like the taxi the taxi industry before us number 8 how much is
industry before us number 8 how much is
industry before us number 8 how much is Ober worth we’re doubling you know every
Ober worth we’re doubling you know every
Ober worth we’re doubling you know every six months
six months
six months and really doing billions of dollars in
and really doing billions of dollars in
and really doing billions of dollars in transactions a year the numbers get they
transactions a year the numbers get they
transactions a year the numbers get they quick
quick
quick uber is notoriously coy when it comes to
uber is notoriously coy when it comes to
uber is notoriously coy when it comes to the money it does or doesn’t make but
the money it does or doesn’t make but
the money it does or doesn’t make but two things are common year upon year
two things are common year upon year
two things are common year upon year it sees massive increases in revenue but
it sees massive increases in revenue but
it sees massive increases in revenue but also fails to post a profit up until
also fails to post a profit up until
also fails to post a profit up until 2014 especially the company may have had
2014 especially the company may have had
2014 especially the company may have had difficulty in convincing investors that
difficulty in convincing investors that
difficulty in convincing investors that they backed the right brand in the first
they backed the right brand in the first
they backed the right brand in the first half of 2013 alone it lost more than
half of 2013 alone it lost more than
half of 2013 alone it lost more than fifteen million dollars but uber puts
fifteen million dollars but uber puts
fifteen million dollars but uber puts this down to a quote case of business
this down to a quote case of business
this down to a quote case of business 101 saying quote you raise money you
101 saying quote you raise money you
101 saying quote you raise money you invest money you grow before profits
invest money you grow before profits
invest money you grow before profits begin to appear now in terms of
begin to appear now in terms of
begin to appear now in terms of straight-up value theirs can only be
straight-up value theirs can only be
straight-up value theirs can only be seen as a success story in 2015 uber
seen as a success story in 2015 uber
seen as a success story in 2015 uber became the fastest ever startup to
became the fastest ever startup to
became the fastest ever startup to achieve a 50 billion dollar valuation
achieve a 50 billion dollar valuation
achieve a 50 billion dollar valuation number 7 where is uber active since
number 7 where is uber active since
number 7 where is uber active since starting out in San Fran uber has gone
starting out in San Fran uber has gone
starting out in San Fran uber has gone global five of its biggest markets
global five of its biggest markets
global five of its biggest markets remain within the US Chicago Los Angeles
remain within the US Chicago Los Angeles
remain within the US Chicago Los Angeles Washington DC New York and the Golden
Washington DC New York and the Golden
Washington DC New York and the Golden Gate City itself but the service is
Gate City itself but the service is
Gate City itself but the service is ever-expanding
ever-expanding
ever-expanding elsewhere in late 2011 Harris became the
elsewhere in late 2011 Harris became the
elsewhere in late 2011 Harris became the first non-us city to play host to Ober
first non-us city to play host to Ober
first non-us city to play host to Ober with London following suit in 2012 and
with London following suit in 2012 and
with London following suit in 2012 and ushering it further into Europe next it
ushering it further into Europe next it
ushering it further into Europe next it arrived in Sydney and Melbourne
arrived in Sydney and Melbourne
arrived in Sydney and Melbourne Australia before breaking into Asia with
Australia before breaking into Asia with
Australia before breaking into Asia with markets in Singapore and Taipei now more
markets in Singapore and Taipei now more
markets in Singapore and Taipei now more than 65 countries and 350 cities are
than 65 countries and 350 cities are
than 65 countries and 350 cities are connected by uber from Dublin to Durban
connected by uber from Dublin to Durban
connected by uber from Dublin to Durban Kuala Lumpur to Cape Town number six
Kuala Lumpur to Cape Town number six
Kuala Lumpur to Cape Town number six how does eber make money since its
how does eber make money since its
how does eber make money since its beginning
beginning
beginning uber has taken a 20% commission from
uber has taken a 20% commission from
uber has taken a 20% commission from every fare made by its drivers although
every fare made by its drivers although
every fare made by its drivers although throughout 2015 the cut has been
throughout 2015 the cut has been
throughout 2015 the cut has been tentatively raised in some cities to 25
tentatively raised in some cities to 25
tentatively raised in some cities to 25 or even 30 percent the service is built
or even 30 percent the service is built
or even 30 percent the service is built around an algorithm that incorporates
around an algorithm that incorporates
around an algorithm that incorporates surge pricing to ensure that fares
surge pricing to ensure that fares
surge pricing to ensure that fares remain appropriate for the local level
remain appropriate for the local level
remain appropriate for the local level of supply and demand at any one time
of supply and demand at any one time
of supply and demand at any one time when the demand exceeds what the service
when the demand exceeds what the service
when the demand exceeds what the service can offer fares increase but if ever
can offer fares increase but if ever
can offer fares increase but if ever there are more cabs on the road than
there are more cabs on the road than
there are more cabs on the road than customers needing them the prices fall
customers needing them the prices fall
customers needing them the prices fall the system has received criticism in the
the system has received criticism in the
the system has received criticism in the past most notably during the 2014 Sydney
past most notably during the 2014 Sydney
past most notably during the 2014 Sydney hostage crisis in which insensitively
hostage crisis in which insensitively
hostage crisis in which insensitively high fares were issued and uber was
high fares were issued and uber was
high fares were issued and uber was forced to refund the company tweeted we
forced to refund the company tweeted we
forced to refund the company tweeted we are all concerned with the events in the
are all concerned with the events in the
are all concerned with the events in the CBD fares have increased to encourage
CBD fares have increased to encourage
CBD fares have increased to encourage more drivers to come online and pick up
more drivers to come online and pick up
more drivers to come online and pick up passengers in the area customers turn to
passengers in the area customers turn to
passengers in the area customers turn to social media to show their anger forcing
social media to show their anger forcing
social media to show their anger forcing the company to backtrack controversy
the company to backtrack controversy
the company to backtrack controversy surrounding the company’s unregulated
surrounding the company’s unregulated
surrounding the company’s unregulated services arose again around New Year’s
services arose again around New Year’s
services arose again around New Year’s Eve 2016 when it received a barrage of
Eve 2016 when it received a barrage of
Eve 2016 when it received a barrage of complaints from North American uber
complaints from North American uber
complaints from North American uber users that were charged up to ten times
users that were charged up to ten times
users that were charged up to ten times the normal rate I was with an uber
the normal rate I was with an uber
the normal rate I was with an uber driver this morning who told me he made
driver this morning who told me he made
driver this morning who told me he made a quick 300 bucks on a ride from midtown
a quick 300 bucks on a ride from midtown
a quick 300 bucks on a ride from midtown to Brooklyn only a couple of miles that
to Brooklyn only a couple of miles that
to Brooklyn only a couple of miles that evening number five what are the
evening number five what are the
evening number five what are the benefits of uber
from the consumer perspective
from the consumer perspective uber has made hailing a cab a much more
uber has made hailing a cab a much more
uber has made hailing a cab a much more pleasant consumer experience a special
pleasant consumer experience a special
pleasant consumer experience a special perk is that it allows you to track that
perk is that it allows you to track that
perk is that it allows you to track that cabs journey towards a meeting point
cabs journey towards a meeting point
cabs journey towards a meeting point ensuring that your time isn’t wasted
ensuring that your time isn’t wasted
ensuring that your time isn’t wasted blindly waiting to be picked up for the
blindly waiting to be picked up for the
blindly waiting to be picked up for the driver
driver
driver uber allows for greater flexibility and
uber allows for greater flexibility and
uber allows for greater flexibility and control when you get a trip request
control when you get a trip request
control when you get a trip request there is no driver on the road in a
there is no driver on the road in a
there is no driver on the road in a better position to accept that trip it
better position to accept that trip it
better position to accept that trip it doesn’t rely on cars being hailed from
doesn’t rely on cars being hailed from
doesn’t rely on cars being hailed from the street which opens up a whole new
the street which opens up a whole new
the street which opens up a whole new prospective clientele in less built-up
prospective clientele in less built-up
prospective clientele in less built-up areas of the city as a result the
areas of the city as a result the
areas of the city as a result the service also helps reduce congestion and
service also helps reduce congestion and
service also helps reduce congestion and potentially reduce vehicle mileage as it
potentially reduce vehicle mileage as it
potentially reduce vehicle mileage as it eliminates the need for cabs to drive
eliminates the need for cabs to drive
eliminates the need for cabs to drive around searching for work number four
around searching for work number four
around searching for work number four who is uber is competition with the lip
who is uber is competition with the lip
who is uber is competition with the lip smartphone app instantly connect to
smartphone app instantly connect to
smartphone app instantly connect to friendly reliable drivers from your
friendly reliable drivers from your
friendly reliable drivers from your community uber is not a standalone
community uber is not a standalone
community uber is not a standalone service and there are other comparable
service and there are other comparable
service and there are other comparable alternatives the most prominent rival to
alternatives the most prominent rival to
alternatives the most prominent rival to overcomes in the form of a four-way
overcomes in the form of a four-way
overcomes in the form of a four-way international alliance between lyft
international alliance between lyft
international alliance between lyft another San Francisco startup grab taxi
another San Francisco startup grab taxi
another San Francisco startup grab taxi operating in Southeast Asia Ola based in
operating in Southeast Asia Ola based in
operating in Southeast Asia Ola based in India and didi quietiy from China
India and didi quietiy from China
India and didi quietiy from China the merger enables the quartet of
the merger enables the quartet of
the merger enables the quartet of companies to share the service they
companies to share the service they
companies to share the service they provide therefore greatly enhancing each
provide therefore greatly enhancing each
provide therefore greatly enhancing each brands respective reach with a
brands respective reach with a
brands respective reach with a collective capital of around 7 billion
collective capital of around 7 billion
collective capital of around 7 billion dollars the aim is to loosen obras
dollars the aim is to loosen obras
dollars the aim is to loosen obras influence on the international market
influence on the international market
influence on the international market passengers get to interact with drivers
passengers get to interact with drivers
passengers get to interact with drivers and the drivers actually get to interact
and the drivers actually get to interact
and the drivers actually get to interact with their passengers and I think that
with their passengers and I think that
with their passengers and I think that stands out the most about lid number 3
stands out the most about lid number 3
stands out the most about lid number 3 who is against uber traditional taxi
who is against uber traditional taxi
who is against uber traditional taxi firms and drivers have mounted ongoing
firms and drivers have mounted ongoing
firms and drivers have mounted ongoing opposition against uber arguing that the
opposition against uber arguing that the
opposition against uber arguing that the company presents unfair competition
company presents unfair competition
company presents unfair competition because it doesn’t pay comparable taxes
because it doesn’t pay comparable taxes
because it doesn’t pay comparable taxes or licensing fees for these people to
or licensing fees for these people to
or licensing fees for these people to work without any insurance or without
work without any insurance or without
work without any insurance or without paying taxes or any social security we
paying taxes or any social security we
paying taxes or any social security we aren’t on a level playing field protests
aren’t on a level playing field protests
aren’t on a level playing field protests have been staged across Europe as well
have been staged across Europe as well
have been staged across Europe as well as in India China and Canada and uber
as in India China and Canada and uber
as in India China and Canada and uber was banned in some countries including
was banned in some countries including
was banned in some countries including Spain other arguments against the
Spain other arguments against the
Spain other arguments against the network include
network include
network include concerns over the safety of uber
concerns over the safety of uber
concerns over the safety of uber passengers due to the potential for
passengers due to the potential for
passengers due to the potential for untrained uninsured and unregulated
untrained uninsured and unregulated
untrained uninsured and unregulated drivers without sufficient background
drivers without sufficient background
drivers without sufficient background checks there are also those that
checks there are also those that
checks there are also those that criticize uber for its erosion of the
criticize uber for its erosion of the
criticize uber for its erosion of the traditional worker employer relationship
traditional worker employer relationship
traditional worker employer relationship through its use of its drivers as
through its use of its drivers as
through its use of its drivers as contractors this way it doesn’t have to
contractors this way it doesn’t have to
contractors this way it doesn’t have to provide benefits like insurance sick
provide benefits like insurance sick
provide benefits like insurance sick days or basic job security which
days or basic job security which
days or basic job security which ultimately profits the company
ultimately profits the company
ultimately profits the company financially I will just ask American
financially I will just ask American
financially I will just ask American public if their salary is decreased by
public if their salary is decreased by
public if their salary is decreased by forty five percent and two years
forty five percent and two years
forty five percent and two years how will they feel Luber CEO Callen
how will they feel Luber CEO Callen
how will they feel Luber CEO Callen encounters this by arguing that it isn’t
encounters this by arguing that it isn’t
encounters this by arguing that it isn’t a boss but a software platform you can
a boss but a software platform you can
a boss but a software platform you can turn on your work when you want to and
turn on your work when you want to and
turn on your work when you want to and you can turn it off you want to pick up
you can turn it off you want to pick up
you can turn it off you want to pick up your kids from school turn it off number
your kids from school turn it off number
your kids from school turn it off number two has the company generated
two has the company generated
two has the company generated controversy one person is in the
controversy one person is in the
controversy one person is in the hospital after a bad head-on crash this
hospital after a bad head-on crash this
hospital after a bad head-on crash this happened early this morning near 44th
happened early this morning near 44th
happened early this morning near 44th Street and Camelback we’re told an uber
Street and Camelback we’re told an uber
Street and Camelback we’re told an uber driver was involved in this Uber’s rise
driver was involved in this Uber’s rise
driver was involved in this Uber’s rise to prominence hasn’t always gone
to prominence hasn’t always gone
to prominence hasn’t always gone smoothly in 2013 one of its San
smoothly in 2013 one of its San
smoothly in 2013 one of its San Francisco drivers killed a young girl
Francisco drivers killed a young girl
Francisco drivers killed a young girl and severely injured her mother and
and severely injured her mother and
and severely injured her mother and brother and uber was taken to court in
brother and uber was taken to court in
brother and uber was taken to court in 2014 it was sued by the National
2014 it was sued by the National
2014 it was sued by the National Federation of the blind after numerous
Federation of the blind after numerous
Federation of the blind after numerous reports of mistreatment of blind
reports of mistreatment of blind
reports of mistreatment of blind passengers and in 2015 the company was
passengers and in 2015 the company was
passengers and in 2015 the company was implicated as part of a rape
implicated as part of a rape
implicated as part of a rape investigation involving one of its
investigation involving one of its
investigation involving one of its drivers in Delhi India as the negative
drivers in Delhi India as the negative
drivers in Delhi India as the negative reports mounted however company vice
reports mounted however company vice
reports mounted however company vice president Emil Michael made yet more
president Emil Michael made yet more
president Emil Michael made yet more damaging headlines in 2014 when he
damaging headlines in 2014 when he
damaging headlines in 2014 when he suggested that uber would be hiring a
suggested that uber would be hiring a
suggested that uber would be hiring a big-budget journalistic team of their
big-budget journalistic team of their
big-budget journalistic team of their own in an apparently aggressive bid to
own in an apparently aggressive bid to
own in an apparently aggressive bid to get even we’re talking about a
get even we’re talking about a
get even we’re talking about a million-dollar budget a four to six
million-dollar budget a four to six
million-dollar budget a four to six staff team to do opposition research on
staff team to do opposition research on
staff team to do opposition research on me that’s going through trash that’s
me that’s going through trash that’s
me that’s going through trash that’s following my kids that’s vans parked
following my kids that’s vans parked
following my kids that’s vans parked outside my house and there still remains
outside my house and there still remains
outside my house and there still remains the previously mentioned controversy
the previously mentioned controversy
the previously mentioned controversy surrounding how Oberg deals with its
surrounding how Oberg deals with its
surrounding how Oberg deals with its drivers including their well being and
drivers including their well being and
drivers including their well being and how they’re paid like independent
how they’re paid like independent
how they’re paid like independent contractors but treated like employees
contractors but treated like employees
contractors but treated like employees uber technically doesn’t employ any of
uber technically doesn’t employ any of
uber technically doesn’t employ any of its drivers so what kind of safety
its drivers so what kind of safety
its drivers so what kind of safety measures do they have for their drivers
measures do they have for their drivers
measures do they have for their drivers I mean they’re technically contracted
I mean they’re technically contracted
I mean they’re technically contracted number one how will you expand
number one how will you expand
number one how will you expand ready get out there new girl despite
ready get out there new girl despite
ready get out there new girl despite seemingly discouraging profit figures
seemingly discouraging profit figures
seemingly discouraging profit figures throughout its formative years
throughout its formative years
throughout its formative years uber is in a healthy financial position
uber is in a healthy financial position
uber is in a healthy financial position with plenty of capital raised to fund
with plenty of capital raised to fund
with plenty of capital raised to fund further expansion China is a particular
further expansion China is a particular
further expansion China is a particular target market for the future as the
target market for the future as the
target market for the future as the company looks to fend off its
company looks to fend off its
company looks to fend off its competitors by spending up to 1 billion
competitors by spending up to 1 billion
competitors by spending up to 1 billion dollars a year in the country and
dollars a year in the country and
dollars a year in the country and expanding into 100 more Chinese cities
expanding into 100 more Chinese cities
expanding into 100 more Chinese cities you can see why uber is picking up
you can see why uber is picking up
you can see why uber is picking up converts fast this is the general state
converts fast this is the general state
converts fast this is the general state of a Shanghai taxi no seat belt often
of a Shanghai taxi no seat belt often
of a Shanghai taxi no seat belt often dirty there are also plans to develop a
dirty there are also plans to develop a
dirty there are also plans to develop a full scale food delivery service called
full scale food delivery service called
full scale food delivery service called uber East and to establish uber trip
uber East and to establish uber trip
uber East and to establish uber trip experiences as a leading content
experiences as a leading content
experiences as a leading content provider to every uber customer what
provider to every uber customer what
provider to every uber customer what started as a smart way to get from A to
started as a smart way to get from A to
started as a smart way to get from A to B could become an all-encompassing tool
B could become an all-encompassing tool
B could become an all-encompassing tool for day-to-day life in the 21st century
for day-to-day life in the 21st century
for day-to-day life in the 21st century uber ultimately succeeds because we
uber ultimately succeeds because we
uber ultimately succeeds because we think about the human stuff first but
think about the human stuff first but
think about the human stuff first but the way we do it that’s our secret did
the way we do it that’s our secret did
the way we do it that’s our secret did these facts get you thinking to vote for
these facts get you thinking to vote for
these facts get you thinking to vote for which company profile is covered next
which company profile is covered next
which company profile is covered next head over to watchmojo.com slash suggest
head over to watchmojo.com slash suggest
head over to watchmojo.com slash suggest and be sure to hit that subscribe button
and be sure to hit that subscribe button
and be sure to hit that subscribe button for more big business top 10s published
for more big business top 10s published
for more big business top 10s published every week
”
Be First to Comment