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.
Source: Fool.com
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