
39 Facts About Uber
Uber is basically a smartphone app that directly connect drivers and passengers. The app allows commuter to request a private driver and Uber’s dispatch system will send the nearest ones to your location. Investors love the concept and it has shown how quickly it can be scaled worldwide. Uber’s valuation has skyrocketed to over $60 billion, surpassing Facebook’s record for a venture funded private company. This graphic takes a look at the growth of Uber’s business and its overseas clone competitors which rapidly gaining marketshare.
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