UBER Stocks Price Today (Technologies Inc)
2023.02.08 14:25
San Francisco-based Uber Technologies, Inc. (Uber) offers ride-hailing, food delivery, package delivery, and courier services through Uber Eats and Postmates (both with 34 percent of revenues), and freight transportation.
At the time of the booking, Uber uses a dynamic pricing model to determine the varying fares based on local supply and demand. These fares are provided to the customer in advance and Uber earns a commission from each booking.
It operates in approximately 72 countries and 10,500 cities, generating an average of 23 million trips per day with 131 million monthly active users and 5.4 million active drivers and couriers worldwide.
Where permitted, Uber, like other ridesharing companies, classifies its drivers as independent contractors and gig workers, which has led to legal action in several jurisdictions. The taxicab industry has been disrupted and traffic congestion may have increased as a result of ridesharing services.
The Uber platform is unavailable in several nations where the company is unable or unwilling to comply with regulations, and ridesharing companies are regulated in numerous jurisdictions. Particularly, Uber has been criticized for unethical practices like disregarding local regulations;
The Uber Files, which documented contentious behavior from 2013 to 2017 under Travis Kalanick’s leadership, led to the revelation of many of these.
