When Uber Technologies Inc. was founded in 2010, the company’s CEO Travis Kalanick promised that he would “take the next step in changing the world” and help “make healthcare affordable.”
But the company has come a long way since then.
By raising $3 billion from private equity firms, the ride-hailing service’s valuation has grown from $7.5 billion in January 2018 to $9.3 billion today.
At its current valuation, Uber is worth an estimated $18 billion.
That’s a big boost for a company that hasn’t made a dime in profits in years.
But it’s also a massive jump for the company that has long sought to make healthcare more affordable.
And it has yet to prove itself as a true leader in this space.
Uber’s stock, meanwhile, has been surging in recent months, rising to over $40 in early 2018.
Its shares have gone up by over 300% since 2016, according to data from the S&P 500.
Uber has long been known for being a ride-sharing service with a strong emphasis on driverless vehicles.
But Kalanik has made it clear that the company is a transportation company, and not just a taxi service.
That was the case in a recent earnings call, when he called Uber a “driverless taxi company” and said the company would be investing $1 billion to make it that way.
Uber did not respond to questions about its investments in driverless car technology.
Kalanicks commitment to driverless cars has been the subject of much debate in recent years, with some arguing that the driverless vehicle could be a disruptive technology that disrupts the taxi industry.
But the technology’s benefits to Uber’s drivers, as well as the benefits to the company itself, have largely been overlooked.
Uber drivers are currently paid a fraction of the minimum wage, and that disparity has created an enormous pressure for Uber to raise fares.
It has raised fares for UberX drivers by 25% in 2017 alone, according the New York Times.
In an effort to address the driver shortage, Uber introduced an initiative in 2018 called Uber Plus, which provides drivers with paid trips, discounts, and other perks, according Business Insider.
Uber also introduced a premium service in 2019 called Uber Flex, which offers drivers a discounted rate for using UberX, a feature that has been criticized for making Uber less accessible to low-income drivers.
Uber was also one of the first companies to offer rides to veterans, though it did not offer them to UberX or UberX Plus drivers.
In recent months Uber has also tried to diversify its driverless-car business.
It introduced a pilot program to help it get drivers to fill more of its driver-only cars, which could eventually lead to more driverless technology in its fleet.
In April 2018, Uber added a new service in which it will pay drivers a percentage of their ride revenue, according The New York Post.
This program is still in its testing phase, but Uber is currently working with local car-service companies to get more drivers in the program.
And last year, Uber launched its first fully driverless taxi service, UberX.
UberX is currently only available in Austin, Texas, and Los Angeles, California.
Uber said that its next two cities, New York and San Francisco, will begin rolling out driverless taxis in 2018.
Uber hopes to bring its driverized taxis to other cities in the near future, and it is already planning to test its technology in cities in North America and Europe.
In 2018, the firm unveiled its self-driving car project, which it is using a prototype that it purchased from a company called Cruise Automation.
Uber plans to roll out self-driven taxis to all 50 states by 2020.
The company says it has invested $1.5 million into this pilot program, which will help expand the number of drivers in its fleets, and Uber is also working to partner with more taxi companies to help expand their fleets.