Wednesday, December 28, 2016

Forthcoming IPO - Uber

Most awaited tech IPO may happen in 2017. Uber. The next Google. 

 About Uber :

Uber is a taxi service. Basically, it connects riders with independent car drivers. After you book a car using Uber’s mobile app, a driver rushes to your location. The app even shows you, in real-time, when your driver will arrive. And when you make it to your destination, there’s no need to pull out your wallet: your fare is automatically charged to your preferred payment method. 

Its quarterly net revenue grew from $8 million in Q4 2012, to what’s expected to be $1.5 billion in Q4 of 2016.

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