Reading Time: 6 minutes Stock Quote: Thanks for being here It all started at Uber with a simple idea: What if you could order a ride with your smartphone? What began as a simple thought soon became a global brand that strives to bring you closer to your goals worldwide. On a cold winter evening in Paris, Travis Kalanick …
Toyota Hybrid versus Uber Black
To some extent, we all have some sympathy for the Toyota Hybrid taxi drivers. However, but the cars are just far away from being “travel in style”, and the interior is regularly skanky. Therefore, the most average person would prefer a comfortable, clean, air-conditioned and equally expensive ride in a Uber Black Mercedes S-Class. This especially since you can choose whether you want a conversation or are forced to have one.
Uber IPO 2019
While Uber’s market value and the number of investors continued to rise, the company had to fight against numerous rivals and authorities. In China, Uber also waged a long war against its dominant rival Didi Chuxing. After a long and costly fight, Uber now leaves the Chinese market to Didi thanks to a mega-deal.
The ride-hailing provider Uber is going public after almost ten years of company history – and the public reacts split. Some celebrate the IPO of the 90 billion US-Dollar company. Others refer to the company’s crises and problems. Uber collected around 24.7 billion US-dollars in 23 financing rounds and launched a whole range of different services.
The debut was disappointing, however, after shares fell 7.6% on the first trading day.