InvestorsObserver gives Uber Technologies Inc (UBER) a strong valuation

Uber Technologies Inc (UBER) Stock: How Does it Score on Fundamental Metrics?

Uber (UBER) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Is Trending Stock Uber Technologies, Inc. (UBER) a Buy Now?

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Uber Technologies Inc. stock rises Tuesday, outperforms market

Uber Technologies Inc. and Lyft Inc. announced they will cease operations in Minneapolis starting May 1, after the City Council overrode Mayor Jacob Frey’s veto and mandate that rideshare drivers be paid the local minimum wage of $15.57 per hour. After the veto, Uber said, “We are disappointed ...

Uber, Lyft Leave Minneapolis After New Minimum Wage Law Leaves 10,000 Out Of Work: 'We Are Disappointed The Council Chose To Ignore The Data'

Uber Technologies, Inc. provides ride hailing services. The Company develops applications for road transportation, navigation, ride sharing, and payment processing solutions. Uber Technologies serves customers worldwide.

Uber Technologies, Inc. develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It connects consumers with independent providers of ride services for ridesharing services; and connects riders and other consumers with restaurants, grocers, and other stores with delivery service providers for meal preparation, grocery, and other delivery services. The company operates through three segments: Mobility, Delivery, and Freight. The Mobility segment provides products that connect consumers with mobility drivers who provide rides in a range of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis. It also offers financial partnerships, transit, and vehicle solutions offerings. The Delivery segment allows consumers to search for and discover local restaurants, order a meal, and either pick-up at the restaurant or have the meal delivered; and offers grocery, alcohol, and convenience store delivery, as well as select other goods. The Freight segment connects carriers with shippers on the company's platform and enable carriers upfront, transparent pricing, and the ability to book a shipment, as well as transportation management and other logistics services offerings. The company was formerly known as Ubercab, Inc. and changed its name to Uber Technologies, Inc. in February 2011. Uber Technologies, Inc. was founded in 2009 and is headquartered in San Francisco, California.

UBER TECHNOLOGIES INC

ERIK ADOLPH vs. Uber Court Filing, retrieved on July 17, 2023, is part of . You can jump to any part in this filing here. This is part 2 of 15. HackerNoon’s Legal PDF Series I. Plaintiff Erik Adolph worked as a driver for defendant Uber Technologies, Inc. (Uber), delivering food to customers through the company’s Uber Eats platform. As a condition of his employment, Adolph was required to accept the technology services agreement, and because he did not timely opt out, he became bound by the arbitration provision in that agreement. The arbitration provision requires Adolph to arbitrate, on an individual basis only, almost all work-related claims he might have against Uber. With regard to PAGA actions, the agreement says: “To the extent permitted by law, you and Company agree not to bring a representative action on behalf of others under the [PAGA] in any court or in arbitration. This waiver shall be referred to as the ‘PAGA Waiver.’ ” The agreement also includes a severability clause: “If the PAGA Waiver is found to be unenforceable or unlawful for any reason, (1) the unenforceable provision shall be severed from this Arbitration Provision; (2) severance of the unenforceable provision shall have no impact whatsoever on the Arbitration Provision or the Parties’ attempts to arbitrate any remaining claims on an individual basis pursuant to the Arbitration Provision; and (3) any representative actions brought under the PAGA must be litigated in a civil court of competent jurisdiction . . . .” In October 2019, Adolph sued Uber in superior court, alleging individual and class claims for relief under Labor Code section 2802 and the Unfair Competition Law (UCL) (Bus. & Prof. Code, § 17200 et seq.). Adolph claimed that Uber misclassified him and other delivery drivers as independent contractors rather than as employees and, as a result, wrongfully failed to reimburse them for necessary business expenses. In February 2020, Adolph amended his complaint to add a claim for civil penalties under PAGA based on the same theory of misclassification. In July 2020, the trial court granted a motion by Uber to compel arbitration of Adolph’s individual Labor Code claims and dismissed Adolph’s class action claims. Subsequently, with the trial court’s permission, Adolph filed his operative second amended complaint, which eliminated his individual Labor Code claims and class claims and retained only his PAGA claim for civil penalties. The trial court granted Adolph’s request for a preliminary injunction, preventing arbitration from proceeding. Uber filed a second motion to compel arbitration of Adolph’s independent contractor status and the enforceability of the arbitration agreement. The trial court denied the motion. Uber filed separate appeals of the injunction and the denial of the second motion to compel arbitration. The two appeals were consolidated, and the Court of Appeal affirmed. ( . (Apr. 11, 2022, G059860, G060198) [nonpub. opn.] ( ).) Citing , the Court of Appeal held that the trial court properly found that PAGA claims are not subject to arbitration, that an agreement waiving the right to bring a claim on behalf of other employees under PAGA violates public policy and is unenforceable, and that “California case law is clear that the threshold issue of whether a plaintiff is an aggrieved employee in a PAGA case is not subject to arbitration.” (Adolph, supra, G059860, G060198.) Adolph v. Uber Technologies, Inc Adolph Iskanian In May 2022, Uber filed a petition for review. Before Adolph could file an answer, the United States Supreme Court decided which abrogated in part our decision in Iskanian, as discussed further below. ( , 596 U.S. at pp. [142 S.Ct. at pp. 1923–1925].) also considered the standing question at issue in this case. (Id. at p. __ [142 S.Ct. at p. 1925].) We granted review to provide guidance on statutory standing under PAGA. Viking River, Viking River, supra – Viking River Continue Reading . Here About HackerNoon Legal PDF Series: We bring you the most important technical and insightful public domain court case filings. This court case S274671 retrieved on September 22, 2023, from is part of the public domain. The court-created documents are works of the federal government, and under copyright law, are automatically placed in the public domain and may be shared without legal restriction. courts.ca.gov

Why Did Uber Get Sued? Here's What You Need to Know About the Lawsuit

Merging DeFi with the Traditional Financial Market , the world’s top blockchain on the Bitcoin network, has launched four new decentralized assets called dTokens. The community determines which dTokens will be introduced next in the DeFiChain ecosystem. These tokens are a new innovative future in the DeFi ecosystem as they enable the trading of listed shares as dTokens. DeFiChain The following dTokens have been introduced recently: $dMCHI - iShares MSCI China ETF $dDIS - Walt Disney Co MicroStrategy Incorporated $dMSTR Intel Corporation ($dINTC) Users of DeFiChain will now be able to mint and exchange the dTokens listed above. The community members gave the highest support to these four items. Mastercard Inc, Nintendo Co LTD, PayPal Holdings Inc, Twitter Inc, Uber Technologies Inc, and others were among the companies they may vote on. The inclusion of additional dTokens is a significant step toward allowing DeFi users to profit from price increases in conventional assets like stocks, bonds, commodities, ETFs,etcn. dTokens for the S&P 500, Tesla, Apple, Alibaba, GameStop, Nasdaq 100, Nvidia, Amazon, Microsoft, Netflix, Meta, and many more companies and ETFs are already available on DeFiChain. One of DeFiChain’s most unique and groundbreaking offerings is decentralized assets. DeFiChain is the only blockchain on the Bitcoin network that supports decentralized assets. The dTokens are not “securities” issued by a firm or a major institution. They provide users with price exposure but not ownership, voting rights, dividends, or other shareholder perks. The dTokens monitor and reflect a variety of variable parameters and employ oracles to gather those feeds, rather than tracking and reflecting the actual stock price. Because of variations in dToken supply and demand, the price of dTokens may not always reflect the underlying asset’s price. A dToken may be used for Liquidity Mining on the DeFiChain DEX, traded as an investment, or exchanged on the DeFiChain DEX. On the DeFiChain blockchain, users may mint dTokens by depositing BTC, DFI, dUSD, USDT, or USDC as collateral in the DeFiChain Vault. It’s not the only method to get your hands on decentralized assets. Users may also purchase dTokens on the DeFiChain DEX, even in fractional amounts, and then use them to mine liquidity for further passive revenue. All dTokens are freely denumerable and may be transferred to anybody globally without the need of a middleman. Millions of people throughout the globe who couldn’t invest in US equities owing to geographical limitations, trading constraints, and other reasons may acquire price exposure to their preferred assets by minting or purchasing the appropriate dTokens. DeFiChain will continue to decentralize the listing of popular assets and bring exciting new services in the future. DeFiChain, a completely decentralized blockchain with on-chain governance, does not need interested parties to possess decentralized stock tokens to undergo identity verification. What is DeFiChain? DeFiChain is a decentralized Proof-of-Stake blockchain created as a hard fork of the Bitcoin network to enable advanced DeFi applications. It is dedicated to promoting fast, intelligent, and transparent, decentralized financial services. DeFiChain offers liquidity mining, staking, decentralized assets, and decentralized loans. The DeFiChain Foundation’s mission is to bring DeFi to the Bitcoin ecosystem. Don’t forget to share and like the story! Image credits: . Andre Benz The content of this story DO NOT represent the views of HackerNoon and are meant as information only from the lens of the independent contributor. Please DYOR before investing.

DeFiChain introduces dTokens which allows traders to trade Disney, Intel and MicroStrategy ETF

I read the news so you don't have to: Spotify has launched a co-listening product stream so that you can listen to the same song with anyone, anywhere, in-sync; big surprise: Facebook bought Giphy for the data; both Europe's budget airline Ryanair and Uber are laying off a bunch of people; and France and Germany are pushing for a $545bn coronavirus relief fund. 👾 what the tech Spotify is finally getting social. " Last week Spotify launched a global co-listening experiment with the aim to connect people through music. When you use Listening Together you get paired up with someone across the world to listen to the same song in sync, and you can travel around digitally to see what people in other countries are listening to. Spotify also recently launched group sessions so you can share DJ duties with your friends at a safe social distance." The real reason Facebook bought Giphy for $400 million "When Facebook confirmed that it had acquired Giphy last week for a cool $400 million, the reasons weren’t immediately apparent. Giphy has only the seeds of an advertising business, and GIFs aren’t a revolutionary advertising product. Mark Zuckerberg has a habit of knowing where the puck is going, but his company will have some real work ahead of it to make Giphy an advertising powerhouse. Still, the purchase may be worth it just for the insights it could yield about what web platforms people are visiting and what they’re sharing there." 😷 coronavirus coverage Coronavirus: France and Germany propose €500bn recovery fund " France and Germany are proposing a €500bn ($545bn; £448bn) European recovery fund to be distributed to EU countries worst affected by Covid-19 . In talks on Monday, French President Emmanuel Macron and German Chancellor Angela Merkel agreed that the funds should be provided as grants. The proposal represents a significant shift in Mrs Merkel's position. Mr Macron said it was a major step forward and was 'what the eurozone needs to remain united'." Ryanair to cut 3,000 jobs as coronavirus grounds flights " Ryanair is planning to cut 3,000 jobs and reduce staff pay by up to a fifth in response to the Covid-19 crisis, which has grounded flights. The no-frills airline said it was cutting 15% of its 20,000-strong workforce as it did not expect passenger numbers or pricing to return to pre-coronavirus levels until summer 2022 at the earliest. As part of a programme of sweeping cost cuts, Ryanair said it could close a number of bases across Europe until air travel recovers." Uber Cuts 3,000 More Jobs, Shuts 45 Offices in Coronavirus Crunch " Uber Technologies Inc. is cutting several thousand additional jobs, closing more than three dozen offices and re-evaluating big bets in areas ranging from freight to self-driving technology as Chief Executive Dara Khosrowshahi attempts to steer the ride-hailing giant through the coronavirus pandemic. Mr. Khosrowshahi announced the plans in an email to staff Monday, less than two weeks after the company said it would eliminate about 3,700 jobs and planned to save more than $1 billion in fixed costs." · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · all gifs are hacker noon originals

TODAY: Spotify 💚 Social · Y FB 💸 $400M on Giphy · Uber & Ryanair Cut Jobs   

... MasterCard and PayPal Backing out of the Promised $10M Investments and more Photo Source: The Verge Since Facebook announced the idea of launching a digital currency, the Crypto-world has been once again been in world news. a Stablecoin, by definition, is promising to create and ‘ ” Libra, enable a more inclusive global financial system The wallet app launching in 2020 has brought 100’s of exciting partnerships among the various companies committed to invest $10 million each in the Libra Stablecoin Project, so it has full asset backing upon release. Calibra These include but are not limited to; Visa, Inc. ( ) V Mastercard, Inc. ( ), MA PayPal Holdings, Inc. ( ), PYPL Uber Technologies, Inc. ( ). UBER But wait… MasterCard is quiet and PayPal “Stood Up” Zuckerberg. According to News Agency, PayPal was a “no show” at the October 3rd, 2019 scheduled meeting of 28 Libra supporters. Financial Times , “The developments come on the back of existing rumors that up to three more of those backers are also considering quitting their roles as future node operators. The Times quoted a person close to PayPal as saying; CoinTelegraph reports “It doesn’t seem that there was a lot of pre-work done with regulators. [Payments] companies don’t want that [regulatory scrutiny] to bleed into their businesses.” is leading the Libra project. He was noted on October 1st for having a heated Twitter conversation with the ) after they made claims of MasterCard pulling out as an investor. David Marcus Wall Street Journal (WSJ Marcus did not deny the accusation, he merely stated the official group of Libra partners “ .” will be formalized in weeks to come Facebook Staff may have concerns, too. On October 1st discovered and published text/audio from a Facebook meeting held by Mark Zuckerberg. The young CEO was once again in the spotlight answering hard questions. The Verge During two meetings this summer, Zuckerberg ignited FB employees to stand against critics, competitors, and personally, Sen. Elizabeth Warren, among others. At the meeting Thursday, an employee asks Mark Zuckerberg about FB’s ongoing FCC investigation and brings up the concern about Facebook’s corporation being broken up. In a long-winded reply , Mark says … I think that the direction of the discussion is concerning. I at least believe, I think, there are real issues. I don’t think that the antitrust remedies are going to solve them. But I understand that if we don’t help address those issues and help put in place a regulatory framework where people feel like there’s real accountability, and the government can govern our sector, then yeah, people are just going to keep on getting angrier and angrier. And they’re going to demand more extreme measures, and, eventually, people just say, “Screw it, take a hammer to the whole thing.” And that’s when the rule of law comes in" Photo Source Mark Zuckerberg is no ‘Stranger to Danger’ It was The Federal Trade Commission put that ‘ban hammer’ down Mark was complaining about. The FTC’s vision states they’re “Protecting consumers and competition by preventing anticompetitive, deceptive, and unfair business practices through law enforcement, advocacy, and education without unduly burdening legitimate business activity.” It seems they were somewhat proud sending the mega social media giant a large fine. FTC shared; .” The FTC's $5 Billion civil penalty against Facebook for violations of an earlier FTC order is record-breaking and history-making. In addition, the settlement requires Facebook to implement changes to its privacy practices, its corporate structure, and the role of CEO Mark Zuckerberg that are seismic in scope. Simply put, when it comes to the business of consumer privacy, it’s no longer business as usual at Facebook Source Conclusion Is Facebook moving forward with their launch of a multi pegged and backed fiat collateralized Stablecoin or will the project launch without a token? Facebook is discussing both. This author feels as if we need to go back and work on some of those privacy issues before we attempt to integrate a global economy, but what does this nurse know? I’m interested to know your thoughts. Need To Know More About Stablecoins? I’ve written a lot about them… Complete & Simple Guide to Understanding StableCoins here . Asset-Collateralized coins, also known as, Fiat-Collateralized StableCoins found in my publication here . I also covered Crypto-Collateralized StableCoins. That article can be viewed here . Then switched things up a bit and visited the only Non-Collateralized StableCoin Category, Seigniorage Supply (Algorithmic) StableCoin Model . Enjoy the description of the futuristic currency model here . Next? A simple to understand category among an Asset-Collateralized group; Metal-Collateralized Stablecoins found here , with a long list of promising projects. Lastly, combining asset-backed and non-collateralized crypto’s, we have our Hybrid StableCoin Model Category. View this here . If you’d like to learn how to “get ahead” with your newfound StableCoin knowledge, visit my very last part of my Ebook here. “ A Guide to Using Stablecoins to Increase & Protect Your Assets.” Tell me what you think. What am I missing? What would you add? What’s your personal opinion on StableCoins? I’d love to professionally discuss, collaborate and connect with you all. Would love any feedback, positive and negative; as I’m only here to improve and educate myself/others. So, how can we mutually benefit one another? 💻 Let’s Connect on Social Media 📱 -@ LinkedIn -@ instagram -@ Twitter -@ Facebook

Facebook’s Libra Coin and PayPal's “Commitment Issues”

Facebook has finally disclosed the details of its cryptocurrency Libra with the long-awaited Libra whitepaper. Libra will allow its users to buy things or transfer money to others with zero fees. Libra cryptocurrency holders will also be able to cash out Libra online or purchase things at local exchange points like Grocery stores and pay out using third-party wallet apps or Facebook’s own Calibra wallet which will be integrated into Messenger, WhatsApp and its own app. Released Tuesday Morning on 18th June 2019, the 29-page Libra whitepaper explains a protocol designed to grow with a new global currency. The document outlines the information about Libra and its testnet for experimenting with the twists of its blockchain system before launching it to the public in the first half of 2020. The whitepaper opens up by trumpeting the Libra’s mission: Libra’s mission is to enable a simple global currency and financial infrastructure that empowers billions of people. In order to achieve the decentralization, a new organization called Libra Association has been established whose members will have separate tokens which will provide them with on-chain voting rights to govern decisions about Libra. Facebook is not only responsible for fully controlling Libra, but Facebook has also got a single vote in Libra’s governance like other founding members of Association including Uber, Andreessen Horowitz and Visa. Each of these organizations has invested at least $10 million into the project’s organizations. The Libra Association will market the open-source Libra Blockchain and Developer Platform with their own Move programming language. Facebook will also launch a subsidiary company named “Calibra” that will manage crypto transactions and ensure user’s privacy by never integrating Libra payments with Facebook data to avoid ad targeting. Also, the users’ identity will never be mingled to publicly transparent transactions. Source: New Atlas Facebook/Calibra and founding members of Libra Association will earn interest when users cash in money held in reserve, to maintain the stability of Libra. After evaluating the existing , Facebook decided to build a new platform, Libra based on the following requirements: blockchain platforms Highly secure, ensuring the safety of financial data and funds. Flexibility to power the Libra’s ecosystem governance and innovation in financial services. Ability to scale to billions of accounts that need low latency, high capacity storage system and high transaction throughput. The Libra Blockchain has adopted the BFT (Byzantine Fault Tolerance) approach with the LibraBFT consensus mechanism to facilitate agreement among validator nodes on transactions to be executed. Also, the data on the Libra Blockchain implements Merkle trees to enable detection of any changes made to the existing data, thereby storing transactions securely. How does Libra Blockchain work? Libra does not allow real identity on its blockchain system like other platforms. It is only public-private key pairs that exist. The Libra protocol never links to a real-world identity. However, a user can make multiple accounts with multiple key-pairs. Accounts managed by the same user have no link to each other. The consensus mechanism for Libra Blockchain will be dozens of organizations that will run nodes on the network to validate transactions. Every time consensus is voted for new transactions; a leader is selected randomly to count up the votes. Libra has opted to depend on familiarity instead of democracy to establish consensus in initial days. Founding members of the Libra Association are the entities who can vote at the outset by holding Libra Investment Tokens. Libra Investment Tokens provide founding members with the voting rights on the network to make decisions about letting new validators join the network and handling the reserve. Unlike Ethereum, Libra has come up with two essential changes in smart contracts. First of all, it restricts how much users can do at the protocol. Secondly, it breaks out the data from software so that one smart contract can be directed to a pool of assets, known as “resources” by Move programming language. Libra will never use a burning mechanism to improve the value of the coin. Instead, tokens will be issued and burned consistently when the association will respond to demand shifts for reserve with no minimum or maximum supply. Similar to Corda, Libra’s Blockchain Ledger is also disposable, meaning that the historical data can grow beyond the limit managed by an individual server. However, validators can choose to discard historical data when it is no more needed for the processing of new transactions. The Libra Blockchain is open source with Apache 2.0 license and developers can build apps on it using the Move programming language. Libra has launched its testnet today and it’s in developer beta mode until it officially gets launched in 2020. The Libra Association has collaborated with HackerOne to create a bug bounty system that will reward security researchers for identifying glitches and flaws safely. The Libra Association Every founding member of the association has paid a minimum amount of $10 million to join and become a validator node on the Libra Blockchain Network. In return, they have gained one vote in the Libra Association Council and are entitled to a share of dividends from interest earned on the Libra reserve. According to the report by The Block’s Frank Chaparro , the following are 28 soon-to-be founding members of the association: Source: Libra.org eBay, Lyft, Booking Holdings, Facebook/Calibra, Farfetch, Spotify AB, Uber Technologies, Inc. and Mercado Pago. Technology Marketplaces: Vodafone Group and Iliad. Telecommunications: PayPal, Stripe, Visa, Mastercard and PayU. Payments: Andreessen Horowitz, Ribbit Capital, Breakthrough Initiatives, Union Square Ventures and Thrive Capital. Venture Capital: Bison Trails, Xapo Holdings Limited, Coinbase, Inc. and Anchorage. Blockchain: : Kiva, Mercy Corps, Creative Destruction Lab and Women’s World Banking. Nonprofit and multilateral organizations and academic institutions Who can be a part of Libra Governance? In order to join the Libra Association, members must have a half rack of server space, the dedicated internet connection of 100Mbps or above, enterprise-grade security and a full-time reliability site engineer. Businesses must hit two of three goals of a $1 billion USD market value, reach 20 million people in a year and/or recognition as a top 100 industry leader by a group like S&P and Interband Global or $500 million in customer balances. Wrapping up If Facebook achieves the success and a lot of people cash in money for Libra, the founding members of the association could obtain big dividends on the interest. Once it becomes super quick to buy things using Facebook’s cryptocurrency, businesses would also like to boost their ad spend in it. The announcement news of the launch of Libra cryptocurrency has made every tech enthusiast more excited and everyone is curious for more updates from Facebook’s Blockchain Team. Visit our website to know more about our blockchain work and technologies we understand. Follow us on Facebook , LinkedIn and Twitter to stay updated with developments around Blockchain.

Facebook announces the Libra Cryptocurrency with the release of Libra Whitepaper

2017 turned out to be quite a success for startups as they managed to receive over 67 billion dollars in funding, broking the previous record of 2015 by 5 percent. venture capital Although, there has been substantial funding in Silicon Valley during the past few years, the overall has reduced since 2015. There has been a decline of 12 percent and it’s partially because of Uber Technologies Inc. and Lyft Inc. as these companies secured the maximum funding in 2017. Snap Inc. got a funding of 1.8 billion dollars, whereas Uber secured 3.5 billion dollars in 2016, and the value of capital received in 2017 decreased. Another reason was the fact that some of the major deals happened elsewhere last year. investment The Value of Deal Based on Metropolitan Statistical Area If you look at the trend based on metropolitan areas, San Francisco was in the lead, but as discussed, the overall value has declined since 2015. Similarly, the investment in Boston and Los Angeles has also decreased; it was 6.2 billion dollars and 4.9 billion dollars for Boston and Los Angeles in 2015, but in 2017, the amount reduced to 5.9 billion and 3.9 billion respectively. On the other hand, the funding in New York, San Jose, Washington D.C., and Chicago increased. In 2015, Chicago secured 0.9 billion dollar investment, which eventually increased to about 1.5 billion dollars in 2017. Washington experienced a mild increased from $1.4 billion to $1.6 billion and San Jose increased from 6.5 billion dollars to 6.9 billion dollars. The investment in New York however, almost doubled since 2015. It was 7.8 billion dollars in 2015, but in 2017, the overall value increased to 13.3 billion dollars. On the other hand, the funding value also increased in Miami, Philadelphia, Provo, Indianapolis, Charlotte, and Minneapolis. The biggest reason for the sharp increase in the funding value in New York was the massive infusion of money in WeWork Companies Inc. The company got a capital of about 6 billion dollars in 2017, which eventually led to the sudden increase in the overall funding. 2017 Top 10 Deals After WeWork, the second biggest deal in 2017 was Lyft in San Francisco, the company secured 2 billion dollars in funding. Other deals in San Francisco that made their way to the Top 10 included Uber with $1.25 billion, GRAIL with $0.9 billion, and SoFi with $0.5 billion. Beside that, Admiral Permian Resources in Midland secured 0.6 billion dollars, Magic Leap in Miami got a capital of 502 million dollars, Outcome Health got 500 million, and SpaceX got 450 million dollars. Another company in New York that made its way to the Top 10 was Compass that secured a capital of 0.55 billion dollars. All in all, startups in many regions of the U.S. managed to get funding as compared to 2015. In 2017, around 141 metropolitan areas got capital in a total of 48 states, whereas, it was 119 areas of 43 states back in 2015. Size of Deals The value of investment received by companies also increased over the years. Although, the total number of deals has declined since 2015, the overall deal value increased by 3 billion dollars. If you look at the average size of a deal, it was 25.5 million dollars in 2017. This has been the highest so far in history. The average size in 2015 was 21.5 million dollars. The average size of a seed stage investment was also high, i.e., 13.8 million dollars in 2017. It was $11.9 million in 2015. The early stage deals represented almost 33 percent of the total venture capital volume. The value of late-stage deals, however, has declined since 2013. Number of Initial Public Offerings (IPOs) The number of IPOs deals around the world was the highest since 2007, but there were only a few IPOs in the United States that were backed by the VCs. There were only 28 companies that went public in 2017, which was quite low as compared to 2015. Moreover, some of the biggest companies couldn’t perform well in 2017; the 3 largest IPOs showed negative returns. Snap Inc. , the second biggest IPO, showed very poor returns. To summarize, the VC environment has experienced ups and downs over the years, but the overall trends have been declining with the passage of time.

Venture Capital Deals in 2017

What is the primary goal of any business? Without any doubt – money, and there is nothing wrong with that. , thus making our life easier and more comfortable. Profits allow companies to invest in R&D and bring new products and services to the market For example, we could compare a vehicle industry evolution over the past 50 years. Back in the day, a serious car accident would normally end up with someone´s death. Today, thanks to engineering genius and safety control people survive even 100 mph+ head-on collisions. The same situation can be observed in the service industry. If you have access to the internet, most surely you have heard of . In the beginning, its services included only ride-hailing but with time new services appeared, such as food delivery and scooter renting. What else can the company possibly offer? It appears to be that there is still plenty of opportunities. Uber The idea itself is not new, as back in 2014, the Leafly app was already offering cannabis deliveries. It was called "Eaze" and was located in San Francisco, where cannabis is legalized. What happened to Eaze? In 2020, news broke that Eaze was having a hard time, and to keep the company, they started employees. Uber may be looking forward to launching the delivery of cannabis to the United States . laying off Eaze even tried to go beyond the online store and third-party product delivery. Instead of just doing logistics, they wanted to sell their products through their shipping warehouses. Does it mean that Uber´s idea could bring nothing but additional costs? Not necessarily. It is important to keep in mind that Uber will not have to invest tons of money to enter new markets/states. Secondly, everyone is already aware of Uber´s existence, thus marketing expenses will not be that high (a priori). offering an unusual integration for its customers: now passengers have the opportunity to sign up for . The presentation of the new program says that any client will be able to get vaccinated at Walgreens pharmacies (a joint agreement was signed between the two companies). The company is also taking advantage of the coronavirus crisis, vaccinations An early universal vaccination means that the number of trips will increase, and therefore the company's income. Uber did not limit itself to medical topics and announced cooperation with the largest American firms (Hertz, Avis Budget Group) for car rental. Starting this week, Why are they doing it? customers will be able to book rental cars through the Uber app in the United States. . Earlier this year, Uber CEO that the company is considering accepting crypto for rides. "Just like we accept all kinds of local currency we are going to look at cryptocurrency and or bitcoin in terms of currency to transact. That's good for business, that's good for our riders and our eaters," he said. The question now is when Uber will get on the train of crypto fever said In conclusion, it looks like this . Even though, the company still doesn't look cheap in terms of ratios. At the same time, when it reports results for the quarter ended March 2021 (on May 5, 2021). company's revenues have a bright future the market expects Uber Technologies to deliver a year-over-year increase in earnings on lower revenues

When Should We Expect Uber Coin?

Food Delivery Apps - Adding A Dimension To Food-Consumption If we were to talk today about how we enjoy non-home food, food delivery apps is a bound term in that discussion. Food delivery has transcended from being an auxiliary service to becoming an essential service upon which a lot of restaurants count their business-volume and revenues. One in every five smartphones has at least one food delivery app installed - speaks a lot about the popularity and growing market for on-demand food delivery! Some Popular Names As soon as we talked about the ‘one food delivery app,’ there are a few names that would have hit everyone’s thoughts. UberEats, Grab, Deliveroo and GrubHub are some of them. There are a few country-specific players like Zomato, Go-Food/Go-Jek, and Swiggy that have carved their own niche in specific markets. The Big Numbers - The revenue from food delivery apps has already crossed the $107 billion mark in 2019. Revenue - At a CAGR of 9,9% between 2019 and 2023, the revenue is expected to cross $156 billion in 2023. Revenue Growth - The aggregator or the platform-to-consumer model leads the market, contributing to more than 50% of the 2019 revenue. Market Leader’s Volume Creating A Food Delivery App What seems like a few simple swipes for a user is a grand culmination of lot of technical and business-aspects for the app-creator. Creating a food delivery app is a delightfully daunting exercise that involves putting together a lot of components. The Essential Components 1. Restaurants For a food delivery app to function, it must have its network of restaurants. The restaurants need to sign up for your services, with the belief that your food delivery ecosystem will contribute to their revenues. 2. The Delivery Executives The small-yet-significant bridging between the restaurant and the user’s location has to happen through food delivery executives. These people are independent service providers, called ‘delivery partners’, who will pick-up the food from the restaurant and deliver it to users  through their own transport. The Users Needless to say, the users order the food from the restaurants, and pay for - the food, and sometimes, for the delivery service. . The users form the profit-center of the food delivery app ecosystem. The Technologies All the processes and the entities listed above can perform the desired tasks only if the required technologies fall in place. The technologies include GPS and mapping, assignment of delivery executives using algorithmic methods, payment gateway integration and a centralized review and rating system for the restaurants and executives. The Revenue-Channels There are different channels from which a food delivery app earns its revenue. It is only the diversity of these revenue channels that makes food delivery an enticing business opportunity. The revenue-inflow is assured in some way or the other. Restaurant Commissions The platform takes a cut from the restaurant’s profit, based on the number of orders. This can be treated as a commission given by the restaurant, as it was the platform that facilitated that particular order. The commission-per-order might be minimal, but it surely adds up to big numbers when volumes are considered. Delivery Charges In most cases, the delivery is free of charge. However, depending on the demand, the customers are charged a delivery fee. The fee might be flat or variable based on distance. The ‘demand’ does not only depend on the volume of the orders but even weather conditions - the delivery charge might be high during monsoon. Cancellation Charges When a customer cancels the order, a  cancellation fee is levied. The fee helps deter the instances of cancellation and booking of stray orders. It cannot be denied that a considerable amount of computing power has gone into booking the order! Restaurant Sponsorships Restaurants require exposure in the right platforms, and there’s no better platform  than a food delivery app. Restaurants can pay the food delivery app for sponsored promotions like banners and priority-listings for searches. This is a symbiotic system where both the platform and the restaurant can find monetary benefits. Premium Services On-demand apps have established that the users are willing to pay for value added services like priority delivery and premium memberships. The food delivery app can have services like ‘no delivery charges’ and ‘priority delivery’ or ‘assured delivery time or cashback’ which can be made available to customers at an extra cost. Subscriptions Some customers might not want just a one-off delivery but regular deliveries from restaurants. Such customers can be charged an upfront fee for food delivery for a certain stretch of time, like a week or a month or a quarter. This benefits the customers as they do not have to go through the hassle of ordering every time. It also helps the platforms, as the cost is paid upfront. The Working & The Features For the food delivery app to work, certain features need to be put in place. Every step involved is vital to the execution of the order in the most efficient way. Account Creation The account of the user needs to have all the essential details, and that should serve as a unique identifier for the user. The account should be able to accommodate multiple addresses, and also should keep a track of the history of the orders of  the user. These attributes will help create customized promotions, and also in quickly assigning delivery partners through smart and intelligent analytics. The account creation has to be made simple and easy for the user. The app can also consider giving the users an option to create an account using legacy credentials like Google and Facebook. Listing Of Restaurants The delivery of food can only happen when the restaurants sign up with your platform. Signing up with a restaurant is not just about enlisting, but about digitizing the menu, input proper prices for each item, and even assign the availability of each item. The restaurant should be provided an exclusive app that tracks all the orders placed with the restaurant, and also sets the availability of items. The restaurant-lists and menus need to be managed on a robust database, preferably on the cloud. This would ensure minimal downtime and quick contingencies. Ordering The user, upon opening the app, is shown a list of restaurants in the delivery-range. The user opens the menu, orders what they want, and can check out. In some cases, they can choose to pay on delivery or by using digital payment systems. The order request is sent to the restaurants and the delivery executives available in the area. The restaurant and the delivery executive accept the request for your food order. The assignment of the delivery executive is managed by complex algorithms. They take into consideration, various factors like the Payments The acceptance of an order is completely contingent upon the payment being fulfilled. The users are presented with a lot of choices to make the payment. The options include credit cards, debit cards, internet banking, wallets, and UPIs. In addition to that, especially in Asian and African markets, cash is also offered as a payment option. The payment can be facilitated by using the services of payment providers like BrainTree and PayPal. Since these payment facilitators have already done the task of tying up with banks, you do not have to spend your time setting up the payment channels. Delivery Tracking One of the greatest advantages presented by on-demand apps is the way through which you can track your order. The combination of the GPS and mapping tools brings you real-time tracking of the movement of the delivery executive. The mapping and navigation services offered by Google and Apple seamlessly integrate in the apps for Android and iOS, in that order. These services give an updated answer to constant customer-questions like ‘Where is my order?’ And ‘When will my order arrive?’ Updates Irrespective of the customer using the map interface on the app, they need to be updated on the progress. There are direct ways in which the customer can be updated, the most common of them being SMS and Push Notifications. SMS updates can be effective by tools like Twilio. The platforms provide apps an option to push notifications to the user. These notifications can also keep the customers updated about offers and promotions. Rating & Reviews The rating and review mechanism keeps the entire ecosystem of food delivery democratic. This helps the platform decide which restaurants serve better food. The rating also applies for the delivery partner - it is based on the experience they offer in terms of promptness and politeness. The Factors That Make The Experience Better It may seem that there’s not much to do to make the process of food-ordering better. However, a few simple additions are bound to increase the appeal of your app. Search & Filtering Let’s admit it! When we open a food ordering app, we’re mostly sure of at least the cuisine we’d want to enjoy! If there’s a filtering option, it makes the experience of ordering efficient. The sorting and filtering can also be extended to aspects like veg/non-veg, delivery time, ratings… and even the availability of a specific dish. Offers & Coupons Customers are quite likely to be hooked to your brand if you were to offer discount coupons, and food-delivery is not an exception. The offers can be directed towards incentivizing loyal customers, retaining long-lost customers and delighting new customers a white-label food delivery app. This saves you a lot of time and money.. Conclusion If the idea of a is simmering in your head, all you need to do to turn on the heat is to get in touch with our team of engineers! We will take care to not only cook it in terms of development and components, but also garnish it in terms of UI and branding. food-delivery app business Stay Tuned!

UBER TECHNOLOGIES INC

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Since 2009

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UBER TECHNOLOGIES INC

uber.com

10K+ employees

Since 2009

COMPANY RANKING

UBER TECHNOLOGIES INC

EVERGREEN INDEX #11390

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