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How Much Is Uber Worth Right Now?


How Much Is Uber Worth Right Now?

Uber is the student who comes in late and goofs off, but still manages to get an A in the class. 

The ride-sharing company seemed to take off without much effort when it was founded in 2009 after co-founders Travis Kalanick and Garrett Camp grew frustrated while trying to hail a cab in Paris. Uber first started offering rides in June 2010 in San Francisco and four months later it had closed on a $1.25 million seed funding round.

Now, less than 10 years later, Uber has ballooned into the most valuable tech unicorn, a term for companies worth $1 billion or more, but that's in spite of the black spots on its report card from a rough 2017. Uber had such a bad reputation in June that Kalanick was asked to step down from his position as CEO and was replaced by Dara Khosrowshahi, former CEO of Expedia.

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Source: Fool.com

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