Uber Technologies Inc

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Uber Technologies is an American multinational technology development company, which develops and operates various applications on its platform. Operating segments include:

  • Rides: connects customers with drivers who provide rides in a variety of vehicles, eg. cars, auto rickshaws, or taxis;
  • Eats: allows customers to search for restaurants, order a meal and have the meal delivered;
  • Freight: its platform connects carriers with shippers, and gives the ability to book a shipment;
  • Other Bets: consists of multiple investment stage offerings, including new mobility applications that provide customers with access to rides through a variety of modes, including electronic scooters;
  • Advanced Technologies Group and Other Technology Programs: develops and commercialises autonomous vehicle and ride-sharing technologies.

Uber was founded in 2009 by Garrett Camp and Travis Kalanick as UberCab. It is headquartered in San Francisco, California.

Company

Shareholders

Total float: 84.9%
Source: MarketScreener.svg, Apr.2020

https://www.coveris.com/

Structure

  • Uber Technologies Inc
    • Uber International BV, reg. Netherlands
      • Uber Britannia Ltd, CH
      • Uber NIR Ltd, CH
      • Uber Scot Ltd, CH
    • Uber International Holding BV, reg. Netherlands
      • Uber London Ltd, continues to be supported by the Uber BV company, AR-2017, p.10. CH

Uber Eats

Uber Eats is an American online food ordering and delivery platform launched by Uber in 2014 and based in San Francisco, California. Users can order food from participating restaurants on their website or with a smartphone/tablet application.

ToDo †

People

Eric Alexander
https://www.nytimes.com/2017/06/12/technology/uber-travis-kalanick-emil-michael.html
Isabel Dedring
Isabel DedringWikipedia-W.svg
Julian Glover
Julian GloverWikipedia-W.svg
Travis Kalanick
Travis KalanickWikipedia-W.svg. CEO and founder. https://www.nytimes.com/2017/06/12/technology/uber-travis-kalanick-emil-michael.html
Daniel Korski.
See Daniel Korski
Kit Malthouse.
See Kit Malthouse
Thuan Pham.
https://www.nytimes.com/2017/06/12/technology/uber-travis-kalanick-emil-michael.html
Rachel Whetstone.
Senior vice-president of communications and public policy for Uber until Apr.2017. See Rachel Whetstone.
Guy Levin.
No WP page or mentions. Uber’s senior public policy analyst in Europe, Guy Levin, was formerly an adviser to George Osborne while the latter ran the Treasury. Uber didn’t answer a question from Fortune whether there were internal procedures to stop Rachel Whetstone from using her personal connections to David Cameron. ref
Emil Michael
Emil MichaelWikipedia-W.svg. Senior vice president of business
Jun.2017: Left Uber after a series of scandals which rocked the company, forcing its board to call an investigation into Uber's culture and business practices. The results of that investigation, conducted by Eric H. Holder Jr. of Covington & Burling, included a recommendation for Mr. Michael to exit Uber. [1]
Nov.2014: Michael floated the idea of hiring a team of opposition researchers to dig up dirt on its critics in the media — and specifically to spread details of the personal life of Sarah Lacy, a journalist who has criticized the company of "sexism and misogyny".[2]
Sept.2012: Joined Uber as Vice President of Business.
Jul.2012: Became Chief Operating Officer of Lithium Technologies' Klout.
2009-2011: Served as a special assistant to Robert GatesWikipedia-W.svg.

Timelines

ToDo: Business, Uber Freight, Uber Health, Transparency Report, Reports, link, link, link, link, link
  • 2016: Uber China sold its China operations to its domestic rival after spending billions to gain market share.ref

Articles

  • Dec.20.2018: Uber is getting away with breaking the law. Why doesn't the state intervene? Without increased inspection and penalties, there’s no incentive for gig economy firms to treat employees properly. The judgment dismissed as a “sham” the “convoluted, complex and artificial contractual arrangements, no doubt formulated by a battery of lawyers, unilaterally drawn up and dictated by Uber to tens of thousands of drivers and passengers, not one of whom is in a position to correct or otherwise resist the contractual language”. Jason Moyer-Lee, general secretary of the Independent Workers Union of Great Britain, The Guardian.
  • Nov.15.2018: Uber losses top $1bn in run-up to IPO. Uber has posted a loss of more than $1bn (£780m) in its latest quarter as growth in bookings continued to slow in the run-up to its stock market flotation next year. Faced with this slowdown in its decade-old ride-hailing business, Uber is accelerating its expansion into food delivery, called Uber Eats, along with freight hauling and electric bikes and scooters. Under the chief executive Dara Khosrowshahi, who took over from Kalanick, Uber has also retreated from some markets where it has suffered losses. The company could be forced to merge with rivals in India and the Middle East. Uber and the India-based Ola are both backed by SoftBank which is Uber’s biggest single shareholder with a 15% stake. The investment came with a provision that requires Uber to file for an IPO by Sept.30.2019. Julia Kollewe, The Guardian.
  • Oct.07.2018: Striking Deliveroo and Uber Eats couriers get a flat as apps find way to deliver. This week’s “fast food shutdown” was meant to be a day of co-ordinated action to demand a minimum payment of £5 per delivery and £1 a mile, after Deliveroo binned its minimum payment of £3.75 per delivery and #Uber Eats slashed it from £5.20 to £2.80 in London, Manchester and Birmingham last month. A group of couriers in Lewisham say they were offered a £2 bonus payment per delivery on Thursday by Deliveroo after they went on strike from 11.30am to 2pm. Deliveroo, which employs 17,000 UK riders, also used a 2-for-1 offer on some meals to lure customers who had been asked to boycott the app, and partner restaurant Jack Burrito offered a 10% “strike discount”. Neither Deliveroo nor Uber Eats officially recognises unions as it says its couriers are self-employed, so the International Workers of the World and the Independent Workers Union of Great Britain used rider groups on WhatsApp to organise a protest to coincide with action at chains including McDonald's, which only delivers through Uber Eats. Uber Eats insists that its changes to pay include higher bonuses at peak times and are led by couriers’ preference for flexible work. Kenza Bryan, The Times.
  • Aug.19.2018: BMW tries to drive Uber and Lyft out of town. ReachNow, owned by BMW, is trying to become a posh Uber, a fancy minicab firm, a whizzy car-sharing operator, an upscale Zipcar and a hire car delivery service — all at once. Seattle is its testbed. Mercedes-Benz, Audi, Porsche and Volvo are setting up similar schemes in the city. Nissan is planning joint ownership of cars based on social media data. John Arlidge, The Times.
  • Aug.18.2018: Judge in Uber’s London legal battle steps aside over husband’s links to firm. Emma Arbuthnot, who gave a licence back to Uber, has stepped aside to avoid any perceived potential conflict of interest. Emma Arbuthnot, the chief magistrate whose judgment reinstated Uber’s London licence after it was judged not a “fit and proper” private car hire operator, has withdrawn from hearing further appeals by the company after an Observer investigation raised questions into links between her husband’s work and the company. Jamie doward, The Guardian.
  • Mar.23.2018: Why Uber Eats and GrubHub partnerships are risky for restaurants. McDonald's partners with Uber Eats. Dunkin' (DNKN) uses DoorDash. Pizza Hut, KFC and Taco Bell parent Yum Brands (YUM) took an ownership stake in GrubHub last month. Chipotle, Red Robin, Jack in the Box, Cheesecake Factory and Outback Steakhouse also rely on apps. Turning a profit in the food business is tough. Partnering with delivery aggregators squeeze margins even tighter. Restaurants pay the services 15% to 30% fees for each order customers place through their platform. Domino's, the industry's in-house delivery leader, has argued the 3rd-party model is "problematic" for restaurants. Domino's charges its franchise owners just 1% for deliveries. Restaurants risk cannibalizing their more profitable dine-in sales by encouraging customers to stay at home. Analysts also question who controls the customer data on third-party transactions. Restaurants are not able to tailor marketing and roll out new promotions effectively if they don't get those order histories, email addresses or cell numbers. If a restaurant decides third-party delivery is the best way to boost sales, analysts say they can take steps to build a happy marriage. Nathaniel Meyersohn, CNN News.
  • Mar.3.2018: Ex-Uber boss was paid $4m by investor that acquired 17.5% stake. Emil Michael, controversial former Uber boss, who was one of the ride-hailing service’s most senior executives when it was engulfed in crisis last year, was paid $4m (£2.8m) in consultancy fees by the venture capital firm SoftBank Group brought in to revive the company’s fortunes. Emil Michael received the payment for advice given to the technology investor SoftBank as it acquired a 17.5% stake in Uber at the turn of the year. The SoftBank investment was billed as a fresh start for Uber, after it had been swamped by allegations of sexual harassment, theft of trade secrets and data breaches during 2017. Michael, who was a senior vice-president before leaving Uber in June, was reportedly a key ally of its founder and former chief executive Travis Kalanick, whose influence on the board was diminished after SoftBank took its stake. Kalanick resigned from his executive role in Jun.2017, amid efforts to bring about wholesale change of Uber’s corporate culture. In Jan.2018 he sold about a third of his 10% Uber stake to SoftBank, while retaining a seat on the company’s board. Simon Goodley, The Guardian.
  • Jan.23.2018: Uber - Downing Street Meddling EXPOSED. The then Coalition govt was not only happy to see Uber arrive in the capital - it was prepared to bend the arm of anyone and everyone who stood in the way of modern-day robber baron Travis Kalanick and his merry men. We are now getting a picture of the deceit after FoI requests revealed some most embarrassing information on those concerned. Tim Fenton, Zelo Street.
  • Apr.20.2017: Now growing Uber scandal engulfs another minister: Former Business Secretary Sajid Javid has deeply worrying questions to answer regarding his relationship with the tax-dodging taxi firm. The Licensed Taxi Drivers' Association (LTDA) asked Business Secretary Sajid Javid about his relationship with Uber. The LTDA has unearthed evidence that it claims shows a very similar sort of FOI cover-up involving staff working for Sajid Javid. ... Javid was indeed present at a meeting held to discuss the proposed Uber regulations on Dec.16.2015. He, along with Transport Secretary Patrick McLoughlin and key Cameron confidante Oliver Letwin, held extensive talks on the issue with Johnson himself. Also there were ‘various Govt officials and special advisers’ including Daniel Korski.
    Tens of thousands of Uber cars now operate in London and about 30 other UK cities and towns. They add to pollution, and make traffic congestion worse. There are also growing concerns about passenger safety. At one point, complaints of rape and sexual assault against Uber drivers were made in London at a rate of roughly one every 11 days. ... Senior figures in David Cameron’s govt decided to secretly intervene to persuade then Mayor of London, Boris Johnson, to abandon proposed new regulations that would curb Uber’s growth in the capital. George Osborne and several other Cabinet ministers, along with their publicly funded staff, led by Downing Street aide Daniel Korski, launched a campaign to aggressively lobby fellow Tory Johnson on behalf of the tax-dodging firm. During this period, between Sept.2015 and Jan.2016, the Mayor was considering measures to curtail Uber’s growing dominance of the London taxi market ... But after intensive badgering by Cameron, Osborne and No 10 officials, plus several other loyal ministers, Johnson caved in, and dropped all significant new rules. Uber’s revenues soared. Since at the time it employed Rachel Whetstone, one of PM’s and his Chancellor’s closest friends, as its most senior UK lobbyist, this affair seems to many in Whitehall to raise serious questions about cronyism and corruption. Meanwhile, the Information Commissioner announced an investigation into suspicions that No 10 officials had breached the Freedom of Information (FOI) Act, in an attempt to keep their lobbying of Johnson secret. They are accused of deliberately hiding emails... Linkback: Transport for London, CMA. Guy Adams, The Mail Online.

References

  1. ^ A Top Uber Executive Departs, Fraying the Company’s ‘A-Team’. Mike Isaac, The New York Times, Jun.12.2017.
  2. ^ Uber Executive Suggests Digging Up Dirt On Journalists. Ben Smith, BuzzFeed News, Nov.18.2014.