Uber - the Most Valuable Private Company Source: Diginomica

Uber - the Most Valuable Private Company

Uber has become one of the most valuable private international companies that offer mobile rides. It’s headquarter is located in San Francisco, California. It is a transportation company that was created by Stumble Upon in 2009. Because of the services offered by the company, the management received huge funding in their founding year and more funding in the next year.

The main service provided by the company is an android phone application that is used to connect the drivers with people who want to ride from one place to another. The concept is like carpooling. This application is not only in North America, but it has also been playing a vital role in Africa, Europe and many other countries.

The prices set by the company are reasonable compared to the taxi charges of any region. Most of the time, the travelling price depends upon distance covered by the driver to reach to the destination. The amount for the travel is automatically charged on the passenger’s credit card which has been registered and accepted by the company.

Uber has just recently received many complaints by riders who were charged exorbitant fees over the Christmas and New Years weeks. Uber defends the charges saying that the charges are set according to the number of drivers available and the number of customers waiting for rides. They say they set the charges high to attract more drivers. This has not comforted riders who were charged thousands of dollars for short city rides on New Year’s Eve.

 

Today's Highlight

Ed Sheeran - Interview

Earn Some Additional Income Online

You might have heard many people earning money online now. This might enhance your interest and you might also want to experience the wonderful opportunity to make some extra money. This can be a source of additional income apart from your regular one. Now you might wonder how to make money online.…

Needed Liability Coverage from Insurance Company?

Intended to cover proficient professionals against cases of carelessness made by customers or patients, proficient obligation protection passes by numerous names. At the point when utilized as a part of the therapeutic calling, it is ordinarily called medicinal misbehavior scope. Legal officials…

Spending areas of wealth

At the point when a great many people think about an arrangement for spending their cash, they think about "spending plan." Anyhow, a financial plan is an arrangement for confining your spending, and that doesn't blend with a logic of living rich today. By spending your cash in a…

Online Handicraft star up earns well on the stocks market

The hand-crafted good used to be very unattractive for e-commerce. Reasons like slow production, the nature of goods and less professional producers made it difficult for manufacturers to sell it online. The online marketplace for hand-crafted good is finally here in the form of Etsy Inc. But the…

Orange County reports highest property rates

The United States property market is recovering from the horrors of financial crisis. Huge bubble in the real estate burst and destroyed entire economy back in 2008. As the wedges are increasing and unemployment rate is lowest in last few year, people are trying to buy the property. The disposable…

Ottawa Wants To Invite Chinese Students, Tourists and Workers to Canada

Canada is soon set to receive up to twice the number of the Chinese tourists, students, workers, and travelers. Currently, there are a paltry five visa offices in China, but the number is set to triple over the next couple of months. These centers will be located in Chengdu, Nanjing, Wuhan, Jinan,…