What is uber

In short, everything is transparent. At the end of the trip, there is no need to hand over any cash as payments are taken from debit or credit cards stored in the app itself. There are also other additional features such as splitting fares with friends, connecting your smartphone music playlist to some car stereos and sharing your route with family and friends. How are Uber fares calculated? This article is from the CBROnline archive: some formatting and images may not be present.

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UberCab: The Beginning. Uber's Valuation. Uber Culture Controversy. Legal and Policy Challenges. Uber vs. Lyft Competition. Acquisitions and Business Units. The Bottom Line. Key Takeaways The world's largest ride-sharing company, Uber Technologies, was founded in and quickly grew to become the world's most valuable startup.

The company went public on May 9, , but fell flat: Uber made history with the biggest first-day dollar loss in U. Since then, Uber has worked on becoming profitable and has completed some high-profile acquisitions of companies including JUMP, Postmates, and Drizly, as well as a partnership deal with Lime. It also sold its highly anticipated self-driving car division in In , Uber's corporate culture was outed for being highly hostile, sexist, and offensive, resulting in a company-wide investigation.

CEO Travis Kalanick was forced to resign, along with more than 20 employees. Article Sources. Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate.

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Investopedia does not include all offers available in the marketplace. Related Articles. Unicorns Lyft vs. Uber: What's the Difference? Budgeting Uber: Advantages and Disadvantages. Entrepreneurs Who Is Garrett Camp? Unicorns Top Uber Shareholders. The Uber app automatically figures out the navigational route for the driver, calculates the distance and fare, and transfers the payment to the driver from your selected payment method, without you having to say a word or grab your wallet.

Here's everything you need to know about Uber, including how it works, how to sign up and how to use it. Uber is available in over 10, cities worldwide. You can see if it's available in your city using this Uber webpage. There are two ways to sign up to become an Uber rider: through the Uber app iOS or Android , or through the Uber website.

When you sign up, you'll need to provide your full name, a mobile number, an email address and preffered language. You'll also need to grant access to your location and provide a payment option, whether that's a credit card, debit card, or a PayPal account.

Uber also accepts Apple Pay and Google Pay if you have it set up. Your email address and mobile number will need to be verified before you can start using Uber.

The app enables you to submit a trip request. It automatically finds your location and logs GPS data. It then matches you with the closest Uber driver available. When a driver accepts your trip, you'll see their name, license plate, photo, rating, and a temporary substitute telephone number.

You'll be able to follow your Uber driver on the built-in map until they arrive with you and when on a trip, you can follow your trip in real-time and share your ETA with friends. First, download the Uber mobile app and sign up to be a rider. Once you've signed up to Uber, everything takes place through the app. In some cities, Uber allows you to pay your fare in cash. This option must be selected before you request a ride.

Immediately after a trip ends, your app will ask you to rate your driver from 1 to 5 Stars. Driver-partners are also asked to rate riders. Uber's feedback system is designed to foster a community of respect and accountability for everyone.