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