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- Following a beta launch in May 2010, Uber’s services and mobile app launched publicly in San Francisco in 2011.[18][23] Originally, the application only allowed users to hail a black luxury car and the price was 1.5 times that of a taxi.[24][25] In 2011, the company changed its name from UberCab to Uber after complaints from San Francisco taxicab operators.[26][27] - Source: Internet
- In the second quarter of 2022, Uber had 122 million monthly active users worldwide and generated an average of 21 million trips per day.[8] In the United States, as of May 2022, Uber had a 72% market share for ride-sharing[9] and a 27% market share for food delivery.[10] Uber has been so prominent in the sharing economy that commoditization of service industries using computing platforms has been referred to as uberisation,[11] and several startups have described their offerings as “Uber for X”.[12] Uber has posted hundreds of millions or billions of dollars in losses each year since 2014 except for 2018,[13][14] when it exited from the markets in Russia, China, and Southeast Asia in exchange for stakes in rival businesses.[15] - Source: Internet
- In July 2012, the company introduced UberX, a cheaper option that allowed drivers to use non-luxury vehicles, including their personal vehicles, subject to a background check, insurance, registration, and vehicle standards.[31][27] By early 2013, the service was operating in 35 cities.[32][33][34] - Source: Internet
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