Uber Technologies, Inc. (UBER) NYSE develops, markets, and operates a ride-sharing mobile application that allows consumers to submit a trip request to a local destination. NYSE:UBER serves customers in North, Central, and South Americas as well as Europe, the Middle East, Africa, and the Asia Pacific.
Uber Technologies, Inc. (UBER) has a market cap of 60.395B. Lead investors include PayPal Toyota Motor Corporation.
The company has already made a lot of acquisitions including Corner Shop, Mighty Al,Jump Bikes, Complex polygon, Geometric Intelligence, deCarta and Otto.
Downloads Last 30 Days are 14,260,490. While this is down a little over 25% ,is it due to the Coronavirus pandemic. We still see ride sharing as a viable opportunity going forward as consumers seek cheap transportation in all markets across the world. So far NYSE:UBER has proved that is it not too big to fail.
And while facing much scrutiny and many regulations NYSE:UBER still is the leader in ridesharing. NYSE:UBER holds 582 registered patents that are in the Computing and calculating categories. Their intellectual property portfolio contains 99 trademarks in the class of scientific and electric apparatus and instruments.
Most recent investment was lime on May 7th, 2020 with the Venture round of 170 million dollars. While NYSE:UBER faces much scrutiny and regulations NYSE:UBER still is the leader in ridesharing.
While UBER is innately disliked by numerous politicians, we believe that the people will win over any political agenda. The demand for this service has been a game changer in transportation.
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