Uber taxi app which was started by ubercab by garret camp, He is the founder of this company.Uber is related to taxi travels which gives you detailed description of all taxis available in a court yard and a country. So, using uber for finding a nearest cab is useful and done in minutes. Yes, the founder with his friends also made uber application for smart phones to track nearest taxis and find their way to destination.
This controversial application for lattes smart phones has been so efficient and wonderful all through years from its beginning. It was launched on 2010.
It was primarily launched in san Francisco in the year 2010 for iPhone and Android users and later for other devices. The service of the company has been gradually increasing by times and made their company a really consistent one.
Why To call it a controversial Application?
Yeah, calling it a controversial is really a legit one because of number of cases and effects passed on it. It received a cease and desist letter from San Francisco transport municipal transport agency, claiming Uber to be an unlicensed taxi agency and another claim by San Francisco public utility commission. But later on these issues were solved by an agreement. So, I would call it a controversial taxi application and company.
Why Is Uber Worth So MuchMoney?
So many people would think Uber being mobile taxi application could be worth $19 billion. Yes, there queries are right and my answer is that it is more than a $19 billion of course in future and is really worth such money.
Reason For Uber being such a worthy application
Uber is a taxi application which is currently active in 127 ciies, 37 countries and still expanding its business. It has a n increasing amount of funding and early in 2014, it received a $1.4 billion fund. SO, funding has been regular for the company which raised its value and made it worth more than $19 billion.
Though the company has faced regulations from many regulators but it still bounced well.