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Uber Technologies

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Uber Technologies

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What is Uber Technologies?
Uber Technologies, Inc. was founded in 2009 by Travis Kalanik and Garrett Camp as a way to solve their own transportation problems in the traffic congested city of San Francisco where it is still based and headquartered. Uber Technologies offers an on demand car service application for smartphone users that links drivers with people needing a ride. According to Jim Makos of Pestle Analysis “It brilliantly connects the transportation industry with technology via its ride-sharing app.” With the click of a button on the application you can summons a vehicle of your choice see your rate, pay your fare online, see how far the vehicle is and know when it has arrived. Once they arrive you are provided courteous and outstanding service and a cashless transaction with tip included in the fare. Uber has empowered people to use their personal vehicles to provide for profit rides to earn income. This has been a great opportunity for people to earn extra income and for some it has become their only source of income. Uber is providing jobs in an economy where the unemployment rate is at a high 7 %, in turn this will benefit our economy by promoting an entrepreneurial and financial opportunity for Uber drivers.

Uber originally started under the name UberCab but after a cease and desist order from the city of San Francisco ordering them to stop using the “cab” after their name they decided to change the name in 2010 to Uber Technologies, Inc. Its use and popularity has grown so quickly and widely that it currently offers services in North America, Central and South America, Europe, the Middle East, Africa, and Asia.

Because of the ease of use, Smartphone and Android based technology and financial opportunities Uber has…...

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