Uber Technologies, Inc. (commonly referred to as Uber) is an American transportation conglomerate that mainly provides taxi services where individuals can hail a taxi (Uber) in an app on their phone. The company, based in San Francisco, provides additional services of ride-hailing, food delivery, package delivery and freight transport in the United States and around the world.
Uber sets fares using dynamic pricing, which is a model based on the local supply and demand in a specific region at the time of the booking. The company operates in approximately 70 countries and 10,500 cities. The company has over 131 million monthly active users and 5.4 million active drivers worldwide. The company has an average of 23 million trips each day through all of their services combined.
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