What is the general description of Uber?

Uber is a transportation company with an app that allows passengers to hail a ride and drivers to charge fares and get paid. More specifically, Uber is a ridesharing company that hires independent contractors as drivers.



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Uber, in full Uber Technologies, Inc., American company that provides services related to mobility. The business's signature product is an application for smartphones that allows users to request transportation from drivers of privately owned vehicles.

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Uber and Lyft are both ride-hailing apps, and both offer innovative alternatives to taxis and long-established private transportation services.

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US rider demographics Let's take a closer look at the demographics of Uber users in the US. Unlike the drivers, male and female users are nearly an even split for riders. The majority of Uber users fall in the 16-34 age range. But 35% of riders are over the age of 35.

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Unsurprisingly, urbanites are the biggest users of Uber – with just 6% living outside an urban or suburban area. Perhaps less predictable is that over a quarter of users come from the top income quartile.

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A guide for how to use Uber
  1. Create an account. All you need is an email address and phone number. ...
  2. Enter your destination. Open the app and enter where you're going in the Where to? ...
  3. Meet your driver. You can track their arrival on the map. ...
  4. Check your ride. ...
  5. Sit back and relax. ...
  6. Rate your trip.


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Ridesharing industry FAQ. How many rideshare drivers are there in the U.S.? There are over 1.7 million rideshare drivers in the U.S., mostly split up between Uber and Lyft drivers. Uber has roughly 1 million drivers, whereas Lyft has 700,000.

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The Lyft app launched in 2012 (Uber, originally called UberCab, in 2009), but Lyft started life as a side project for Zimrides, a carpooling service founded in 2007 that leveraged Facebook and students for long-distance ride-sharing back when Uber was just a limousine-shaped gleam in the eye of Canadian co-founder ...

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Uber is owned majorly by a group of institutional investors like Morgan Stanley, The Vanguard Group, and FMR. Individual investors, especially employees of the companies — like the CEO and the COO — own a significant part of the company. The current CEO of Uber company is Dara Khosrowshahi.

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Final Words. Uber has grown much more quickly than traditional taxi services due mainly to its use of technology. The company's rapid success is rooted in the fact that it was the first to develop a “disruptive” business model and took advantage of emerging technologies, such as smartphones.

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How much should you tip Uber drivers? Similar to tipping for other services, like getting a massage or going to the nail salon, the rule of thumb is to tip 20%, says Sokolosky. So if your ride costs $30—an average cost for a moderate trip in most cities—then you'll tip $6, for a total of $36.

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Uber attracted their target audience by offering free rides and discounts to first-time users. They took it a few steps further and also created an Uber Loyalty Program, a system that allows frequent riders to rack up points with each ride and use those points to gain Uber Cash and other benefits.

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If you drive for Uber or Lyft, you are self-employed. As a driver for either company, you are an independent contractor rather than an employee. As an independent contractor, you provide transportation services to individuals.

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