Jessline
2023-02-14

$Uber(UBER)$ 

company types (see below for details); time to try it on a Transport Tech company ?

Testing $Uber(UBER)$ & see if it fits the bill.

Sidetrack: Below are stocks that I have covered. Interested ? Click to read.

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An American company that has marry technology & the services it provides

It has been described as "Disruptor" in the transport industry

Founded in Mar, 2009

Founders were Garrett Camp & Travis Kalanick

Inspiration came from personal experiences of (a) spending $800 to hire a private driver on New Year's Eve that they deemed excessive (b) difficulty in finding a taxi on a snowy night in Paris

In May 2010, a beta version of Uber was launched

By 2011, a finalized version was launched in San Francisco

Originally it was named UberCab. However the "cab" was dropped from the brand after complains from San Francisco taxi operators.

By 2013, it was operating in 35 US cities.

By the time Uber was listed on 10 May 2019 at $45 per share.

By then, this disruptor has "infected" the world along with its host of services eg. Uber eats, UberX, UberRent etc..

Its business model is currently affecting72 countriesand10,200 citiesworldwide.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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