The first half of this year does not seem very good for Uber. According to Bloomberg, Uber’s officials think drivers are the main reason for the loss. It seems that the finance had and other investors had a conference call and the situation is not getting better. Uber lost money in the first part of the year too, reaching the value of 69 billion dollars.
What are the officials going to do? We do not know yet as they could not be reached for comments. Uber is a private company. However, its shareholders have a conference call every three months when they talk about how the business developed and what improvements should be done. Drivers are very important to this company. Most of its income comes for them and this means they could also be responsible for the loss.
The company has redistributed at least 1 billion dollars to the Chinese working class to the drivers there. Uber should not forget that their main competition, Lyft, can reach the first place, especially when it lost a lot of money this year. It is also launching a self-driving taxi that could be a huge improvement for the humanity. However, there are also other companies who made similar cars and they already have tested the self-driving cars in public. Uber needs a new plan and it needs it fast before other companies will become more valuable on the market.
Uber is an American online transportation company, from California. Its app allows consumers with smartphones to submit a request and the driver who is the nearest will come and pick them up. The app was very popular as people have to pay using their credit card. This way, the app calculates the fare, takes the money from the customer’s account and then pay the driver. The app is available in more than 66 countries in the whole world. Uber drivers use their own cars, but there are some rules to pay attention to before working at this company.
There are people who say this kind of taxi is not safe because the drivers are not licensed. However, Uber managed to become one of the most popular companies. We will see if the fact that Uber lost so much money will affect them or they will find a way to solve the problem.
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