Incorporated in 2010, Uber Technologies, Inc. (UBER), also known as Uber, is an American multinational ride-hailing company. The company’s services include peer-to-peer ridesharing, ride service hailing, food delivery and a micromobility system with electric scooters and bikes. The business also develops its own applications for road transportation, navigation, ride sharing, and payment processing solutions. Based in San Francisco, Uber has operations worldwide, serving customers in more than 785 metropolitan areas across the globe.
Uber shares are listed on the New York Stock Exchange (NYSE) under the ticker symbol UBER.
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In 2009, Uber was founded by Travis Kalanick and Garrett Camp under the name Ubercab. Following a beta launch in May 2010, the company’s services and mobile app were officially introduced in San Francisco in 2011.
What was once a small start-up idea has now grown into a prominent name. In 2019, Uber’s market share for ride-hailing in the US was around 70% and for food delivery about 20%. The same year, the company was estimated to have over 110 million worldwide users.
Presently, the company's business segments include Rides, Eats, Freight, Other Bets, and Advanced Technologies Group (ATG) and Other Technology Programs.
The Rides products connect customers with drivers who provide rides in a variety of vehicles, including cars, taxis and auto rickshaws. The Eats services allow consumers to search for restaurants, order meals and get deliveries. The Freight services give the ability to book a shipment and connect carriers with shippers on its platform. The Other Bets segment includes multiple investment stage offerings, such as new mobility products that provide consumers with access to rides through a variety of modes like electric scooters and bikes. The ATG and Other Technology Programs segment is responsible for the development and commercialisation of autonomous vehicle and ridesharing technologies.
With Capital.com’s Uber stock chart you can not only quickly view the current UBER stock price, but also trace the company’s shares value in historic terms.
In regard to the history of Uber stock, in April 2019, the company officially filed its S-1 paperwork to go public. The IPO was predicted to be one of the biggest in years, with some analysts valuing the business at $120 billion.
In May 2019, the firm went public at $45 per share on the New York Stock Exchange under the ticker symbol UBER, with an initial market capitalisation of $75.5 billion. However, the Uber share price ended the first trading day at $41.57, leaving investors who got in at the IPO price with a cumulative loss of $655 million. At that time, it was the biggest first-day dollar loss in US IPO history.
Throughout the rest of the year, the stock has been rather volatile, with Uber stock price fluctuating from its highs of $45.45 to its lows of $26. The stock closed 2019 at $29.74.
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