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Company Summary
Launched in 2009 as a private luxury
car service called UberCab. Changed company name to Uber after complaints
from taxi drivers. Officially launched mobile app in
2010 and began attracting steady stream of
customers and drivers.
Uber was valued more than $3 billion
after it introduced UberX in 2013.
In 2015, Uber was entangled in the battle with
regulators, politicians and taxi industry after its
aggressive expansion. Uber entered on-demand
economy in the same year.
In 2016, Uber launched its first
self-driving car services to select
customers in Pittsburgh. In October 2018, Uber proposed $120 billion IPO
expected in early 2019.
Senior Leadership View
Problems to solve with Data Science
1. www.marketingcharts.com/digital/video-75495
2. https://variety.com/2017/digital/news/netflix-250-million-hours-1202010393/
Innovation
During times of peak ridership… Uber would put ‘Surge Pricing’ into effect, raising the price anywhere from 1.5x to 7x of
normal… Uber claimed they went into effect automatically whenever demand in a given area exceeded supply