Uber Technologies history

The first national expansion of Uber Cab came in the year 2011, which lead the entire of New York to witness the presence of Uber.

In 2011, the company changed its name from UberCab to Uber after complaints from San Francisco taxicab operators.

In July 2012, the company introduced UberX, a cheaper option that allowed drivers to use non-luxury vehicles, including their personal vehicles, subject to a background check, insurance, registration, and vehicle standards.

It was in 2012 that the Uber logo got its first major overhaul.

In early 2014, Kalanick hired former Amazon executive Jeff Holden as product development manager.

In 2014, Uber began working on Big Data Generation 1.

In early 2014, Uber faced the fact that given their trip growth —roughly 20% per month—the solution for storing trips was going to run out of steam, both in terms of storage volume and IOPS (Input/Output Operations Per Second) by the end of the year.

Uber had started operations in China in 2014, under the name 优步 (Yōubù).

Around early 2015, Uber’s now deprecated tool for application-layer sharding, called Ringpop, incorporated Riak for high availability.

In mid-2015, Uber created a solution for both iOS and Android in a platform-agnostic test runner called Octopus.

Around 2015, the growing use of Uber’s data exposed limitations in the ETL and Vertica-centric setup, not to mention the increasing costs. “As our company grew, scaling our data warehouse became increasingly expensive.

In mid-2015, Uber began exploring ways to scale ML across the organization, avoiding ML anti-patterns while standardizing workflows and tools.

On September 14, 2016, it launched self-driving cars in Pittsburgh using a fleet of Ford Fusion cars and on December 14, 2016, it began testing self-driving Volvo XC90 SUVs in San Francisco.

By the beginning of 2016, Uber was on a more even keel.

Today, Uber operates in 300 cities across 6 continents, and in 2016 Uber grossed $20 billion.

In 2016, though, the Uber logo underwent another major overhaul, this time ditching the “U” and the company name entirely.

In 2016, Uber acquired Ottomotto, a self-driving truck company, for $625 million.

However, in 2017, Kalanick exited Uber owing to certain controversies.

In November 2018, Uber became a gold member of the Linux Foundation.

Uber restarted testing in December 2018 after receiving local approval in Pittsburgh and Toronto.

Uber went public on May 9th, 2019, and Uber's stock is one of the best performers on the NYSE.

In October 2019, in partnership with HeliFlight, Uber offered 8-minute helicopter flights between Manhattan and John F. Kennedy International Airport for $200-$225 per passenger.

In October 2019, Uber launched Uber Works to connect workers who wanted temporary jobs with businesses.

The app was initially available only in Chicago and expanded to Miami in December 2019.

Uber's cab services occupied a whopping 67% market share in the United States in 2019.

On May 18, 2020, 3,000 more job cuts and 45 office closures were announced.

In June 2020, Uber announced that it would manage the on-demand high-occupancy vehicle fleet for Marin Transit, a public bus agency in Marin County, California.

In July 2020, Uber in partnership with its majority-owned Cornershop, launched Uber grocery delivery service in Latin America, Canada, Miami, and Dallas.

However, the company announced work from home for the employees till December 2020.

In December 2020, Uber sold its Elevate division, which was developing short flights using VTOL aircraft, to Joby Aviation.

Uber Eats increased revenues by over 200% in 2020.

Uber's revenues in Q4 2021 was recorded at $5.78 bn, which increased by 83% when compared with the revenues the company received in the same quarter of the previous fiscal.