Business
It is an Uber-fantastic world
Over the years, Uber has taken the travel industry to a whole new level. Here we give you a glimpse of its exponential growth over the years.
Uber, love it or hate it, there is no doubt that it has changed the transport industry completely. It is available in over 600 cities worldwide. You often get promo codes and discounts when booking a car, making it easy to find your way around when on a trip out of town.
It was a simple concept and something that carpoolers have known for many years—it can save money to share resources. Instead of Uber going out and buying a fleet of cars, it allowed drivers to sign up for the service.
And, with over seven million drivers and 50 million users, it has proven its worth. It has also been great for investors—a $20,000 investment in 2010 was worth about $40 million in 2014. The first round of angel investing in 2010 only raised around $1.3 million, but that was a drop in the ocean compared with what came next.
Here’s how much more Uber raised in later rounds:
Uber has undoubtedly established a name for itself since it started out. (Source)
(Featured image via DepositPhotos)
Brazil and the Medical Cannabis Revolution, an Overview of Growth and Challenges
Brazil’s medical cannabis sector treated 672,000 patients in 2024, a 56% increase from 2023, generating R$853 million in revenue. Growth...
Airbnb Reacts to Regulatory Pressure on Tourist Apartments in Spain
Airbnb is urging Spanish officials to adopt nuanced regulations for short-term rentals, distinguishing professional hosts from occasional ones. It argues...
Leitat Sets Course for 9.6 Million with Its Health Division by 2024
Leitat projects €48M in 2023 revenue, with 20% from R&D. Its health division, founded in 2009, specializes in therapies and...
Big Tech Like Google and Amazon Produce 662% More CO2 Than They Declare
Big Tech’s data centers emit up to 7.62 times more CO2 than reported, with emissions exceeding those of Algeria. AI...
Why Bitcoin Is Bouncing Off the Magic $100,000 Mark
Bitcoin surged to $90,000 in 2024, nearing $100,000 but stalled by sell walls and macroeconomic uncertainty. Strong ETF inflows and...
 |
|
 |  |
 |
|
-
Crypto1 week agoWhy Bitcoin Price Target of $100,000 Was Not Reached
-
Business5 hours agoAirbnb Reacts to Regulatory Pressure on Tourist Apartments in Spain
-
Impact Investing2 weeks agoUniCredit Gives 15 Million to Dumarey Flowmotion Technologies with Future Guarantee from SACE
-
Crypto5 days agoBitcoin’s $90,000 Dip: A Pause, Not the End of the Bull Run According to Analysts
You must be logged in to post a comment Login