15 Things You Didn't Know About UBER

fifteen things you didn't know about uber welcome to a Lux calm the place where future billionaires come to get inspired hello a Luxor's and welcome to another exciting original video presented by Alex calm today we're revealing some lesser-known facts about uber one of the most influential and successful startups of all time uber started out in 2009 as uber cab and it was founded by Garrett Kemp and Travis kalanick the idea came to camp when he spent $800 one New Year's Eve hiring a private driver I wanted to come up with an idea to bring the cost down uber officially launched in San Francisco in 2011 only offering its users rides in black luxury cars in 2012 uber launched uber X which allowed people to drive for uber using their own vehicle they have since introduced uber pool uber eats uber chopper uber boats and other segments since its inception uber has raised about eleven point five billion dollars from venture capital and private equity investors although uber has soared in popularity over its short history it has been plagued with scandals regulatory troubles and lawsuits in recent years that have led to a major company shake-up including the hiring of a new CEO Dara Castro Shetty who was previously the CEO of Expedia despite their many setbacks uber is committed to pressing forward with innovative ideas like helicopter service self-driving cars hot air balloon transportations and even futuristic flying taxis if you're new here welcome be sure to subscribe and follow us on Instagram at a Lux this company has also introduced an entirely different business model that has already started to change how different industries operate so let's take a closer look with the 15 things you didn't know about uber number one Uber's first CEO was hired based on a tweet ubers first CEO Ryan Graves was hired after responding to a tweet posted by co-founder Travis kalanick the tweet was posted in 2009 when kalmyk was working on uber part-time it read looking for entrepreneurial product manager slash biz development killer for a location-based service pre-launch big equity big peeps involved any tips Ryan responded with here's a tip email me soon after Travis hired the 26 year old with very little prior experience and he held the position of CEO of uber from February 2010 to December 2010 when he handed the reins to Callen egg he had several other positions in the company before stepping down in 2017 he still remains on the board of directors and his equity in the company is currently valued at 1.5 billion dollars number two uber passed the five billion ride milestone in 2017 back in 2016 uber announced that they had offered their two billion Thrive slightly less than a year later they more than doubled that number announcing they had crossed the five billion ride mark on May 20th 2017 it was actually one hundred and fifty six trips that started simultaneously in 24 countries on six continents that pushed them over the milestone each one of the drivers involved including one lucky guy who was giving his first ever uber ride received $500 from uber and the riders received hundreds of dollars in free uber trips as well number three uber gives over 1,400 rides per minute uber offers over 1 million rides a day with over 1,400 rides given per minute they also add approximately 50,000 drivers per month number four they operate in at least 83 countries as of 2017 uber operates in 83 countries and over 670 cities throughout the world the countries they operate include New Zealand Malaysia Morocco Norway Pakistan Poland Mexico South Korea Kazakhstan Egypt Denmark Mexico Australia and Argentina number five uber has the highest valuation of any private start-up in the world private companies that are worth more than 1 billion dollars are pretty rare so much so that they are referred to as unicorns even more rare are private companies that are worth over 10 billion dollars and these are sometimes called deca corns some deca corns include Dropbox Pinterest show me snapchat and Airbnb but the most successful private startup globally is uber with a valuation of 68 billion dollars number 6 uber once offered a luxury ride share service in Singapore in March of 2015 uber announced that they were partnering up with dream drive to offer luxury vehicles for their ride share service in Singapore customers on the island could either summon a Lamborghini Gallardo Spyder or Maserati GranTurismo coupe through the app it cost around one hundred and forty five dollars for a 15-minute ride in Lamborghini and about one hundred and twenty dollars for the Maserati with a five dollar charge for every additional minute unfortunately the promotion only lasted for two months number seven in 2016 uber did not make a profit despite having twenty billion dollars in gross bookings in 2016 with 6.5 billion dollars in net revenue uber reported an adjusted net loss of 2.8 billion dollars in 2016 things haven't gotten much better in 2017 either with reported losses of over 1.3 billion dollars in the first eight months of 2017 number eight uber is being sued by alphabet for over 2.6 billion dollars Google's parent company alphabet is suing uber for trade secret manipulation after one of their former executives anthony levin dosti downloaded 14,000 files that contained at least nine trade secrets and allegedly took them to over after it acquired his self-driving startup Auto alphabet is suing uber for 2.6 billion dollars in damages based off of just one of the trade secrets and it's also suing for damages of an undisclosed amount for the other eight secrets uber denies that any of these files made it to their servers and claims that there was no wrongdoing on their part number nine Boober merged with their competitor in China with well over a billion people China seems to be the ideal market for a ride-sharing service but ubers issue was that they weren't the first on the scene didi Cheng already had made their mark on the ride-sharing market in the country and when uber showed up it resulted in both companies losing millions of dollars they decided to team up instead and ubers China division merged into didi Ching received a 1 billion dollar investment and 20% of the merged company which is now valued at over 35 billion dollars didi hopes to continue to compete with uber globally and has already expanded to five continents including North America and Antarctica number 10 uber has been banned in a number of cities and countries not every city state or country welcomes uber in their regions some of these areas have regulations that uber refuses to comply with and others have deemed uber as unfair competition for the taxi services others are open to the idea of uber but have just not made the necessary laws or regulations change --is to make it happen the places where you won't be able to catch an uber ride include Alaska Austin Texas Vancouver British Columbia Bulgaria Denmark Hungary the Northern Territory of Australia and most recently London England if you want to find out more about the last location on that list click on the upper right hand corner to watch our video of fifteen things you didn't know about London number eleven uber launched uber boat in Croatia in 2017 uber has had limited offerings of boat rides in the past for special events in Miami and Istanbul but in June of 2017 uber launched their first seasonal uber boat service in Croatia the boats primarily offer rides to and from the airport but boats can also be rented for half or a whole day and on top of that boats are available on demand 24 hours a day number 12 their largest single investor is Saudi Arabia in 2016 uber received a three point five billion dollar investment from Saudi Arabia's public investment fund which is the main investment fund in the kingdom the investment represents ubers largest investment from a single investor uber began operating in Saudi Arabia in 2014 and the company has said that they are partnering with Saudi Arabia to support its economic and social reforms number 13 several celebrities boycotted uber in 2017 several celebrities deleted their uber accounts in January 2017 boycotting the company for their response to president Trump's immigration ban the New York taxi workers Alliance asked for taxis uber and lyft to stop their service to and from New York City's JFK International Airport as a form of protest against the immigration ban uber on the other hand seemed to embrace the situation by dropping their surge pricing which resulted in many people including some big-name celebrities deleting their uber accounts hashtag delete uber was trending on Twitter and celebrities such as Tehran JP Henderson Jordan Peele Jesse Williams George Takei and Lena Dunham tweeted their support in response the CEO at the time Travis kalanick announced plans to establish a three million dollar legal fund to help drivers with immigration and to help financially support any drivers that were impacted by the ban and this is only one of several Public Relation nightmares uber has been faced with in the last couple of years number fourteen uber has delivered kittens and puppies uber has collaborated with Humane Societies and animal shelters multiple times to deliver puppies and kittens in a few US cities such as Austin Chicago and New York City on national cat day in October of 2014 uber delivered kitten playdates in those cities along with the District of Columbia people paid $30 for 15 minutes of playtime with adoptable kittens in January of 2015 uber repeated the Alpher with puppies in 10 cities all proceeds were donated to animal shelters number 15 uber eats helped set a record for most packaged tacos served in 2017 uber eats partnered with Mexican cuisine franchise lt's on zito to break the record for the most packaged tacos served the record was set in Mexico City when 1350 kilograms of meat 40,000 tortillas 380 kilograms of onions and 580 liters of red sauce were used to create tacos to fulfill 10,000 Guber eats orders a total of 40,000 tacos were delivered to Mexico City residents by uber drivers in a matter of two hours to break that record now that you've learned more about uber we'd like to know is over available where you live and if so how often do you use them let us know in the comments still here here's a bonus pack just for you uber has a project called elevate that is seriously focused on bringing on-demand aviation to everyday people as well as to decrease commute times and radically improve urban mobility their plan heavily relies on vertical takeoff and landing aircraft or VTOL for short they envision that the technology and infrastructure necessary for such an ambitious plan could be implemented within the next decade thank you for spending some time with us a Luxor make sure to subscribe so you never miss a video if you want more we hand-picked these videos you might enjoy or head over to Alex comm for the best in 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Keywords: Alux, Alux.com, Alux Youtube, luxury living, luxury lifestyle, luxury cars, fastest cars, fine living, most expensive things in the world, new life, most expensive, extravagant things, billionaire lifestyle, uber, most valable startups, uber elevate, uber driver, uber prank, uber vs lyft, uber bugatti, uber lamborghini

Id: eKTUUxvs6NI

Length: 13min 11sec (791 seconds)

Published: Mon Oct 02 2017