“LET’S Uber.” Few companies offer something so popular that their name becomes a verb. But that is one of the many achievements of Uber, a company founded in 2009 which is now the world’s most valuable startup, worth around $70 billion. Its app can summon a car in moments in more than 425 cities around the world, to the fury of taxi drivers everywhere. But Uber’s ambitions, and the expectations underpinning its valuation, extend much further: using self-driving vehicles, it wants to make ride-hailing so cheap and convenient that people forgo car ownership altogether. Not satisfied with shaking up the $100-billion-a-year taxi business, it has its eye on the far bigger market for personal transport, worth as much as $10 trillion a year globally.
Fouad Bendris’s insight:
The world’s most valuable startup is leading the race to transform the future of transport
Source:: Strategy & Governance