![]() However, we do not make any representation or warranty, expressed or implied, as to the accuracy of our research, the completeness, or correctness or make any guarantee or other promise as to any results that may be obtained from using our research. Our research is based on sources that we believe to be reliable. Our research is prepared for general circulation and has been prepared without regard to the individual financial circumstances and objectives of persons who receive or obtain access to it. Nothing in our research constitutes legal, accounting or tax advice or individually tailored investment advice. The information presented in this site is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. Nothing here in constitutes a recommendation respecting the particular security illustrated. Any trades shown are hypothetical example and do not represent actual trades. Please contact your financial advisor for specific financial advice tailored to your personal circumstances. Practical application of the products herein are at your own risk and, its partners, representatives and employees assume no responsibility or liability for any use or mis-use of the product. This product is for educational purposes only. "But the headline is still that there was a great deal of excitement here, that this is a major milestone for Uber, which just opened 10 years ago and has changed the face of travel and has ambitions to change all sorts of other things too.Disclaimer: Past performance is no guarantee of future performance. She added: "There are big challenges in the way - it has to drive its costs down, it has to push for the driverless car experience and all of those things are difficult to do while still growing. ![]() Sky News US correspondent Hannah Thomas Peter was in New York for the launch and said there was "high interest but real investor concern about whether or not Uber is going to be able to make itself profitable". More than 5.2 billion trips were completed using Uber last year - delivering food and giving rides to its 91 million passengers.ĭespite this, the California-based company has lost about $9bn (£6.9bn) since its inception and has warned it could be years before it makes a profit. Image: As well as ferrying passengers around, Uber delivers food to its 91 million customers On Thursday, the company said it had reached a settlement with tens of thousands who claimed they had been improperly classified as contractors, at a cost of up to $170m (£130m). Uber has been trying to make amends with drivers. Some Uber drivers have also been accused of assaulting passengers, and one of the company's self-driving test vehicles struck and killed a pedestrian in Arizona last year while a back-up human driver was behind the wheel. The firm was also accused of covering up a computer break-in that stole personal information about its passengers. Uber has faced several controversies in recent years - including claims of sexual harassment within the company and allegations that it stole self-driving car technology. Earlier this week, Uber workers in the UK and US went on strike, with some drivers claiming they struggle to make ends meet despite working long hours. Image: Travis Kalanick's stake in Uber was set to be worth around $5bnĪ windfall for drivers may not be forthcoming, however.
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