Uberworld
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.
Sep-4-2016, 15:00:21 GMT