Ten years after the company was founded, Uber is finally ready to become public. The company unveiled its S-1 filing for an IPO this afternoon, thereby opening up more information to everyone about the economy and future concerns. Going through the document involves many of these past worries, especially in 201[ads1]7 when a number of corporate culture revelations, driver and passenger treatment, and other misdeeds resulted in the exit of CEO Brian Kalanick.
According to Uber, it has about 91 million monthly active users who have either taken a trip or received a Uber Eats delivery. That figure came from Q4 2018, and is up 35 percent from the previous year, with 3.9 million drivers and 1.5 billion trips in the quarter.
Uber also gave some insight into the car's self-image plans and said "Along the way to a potential future autonomous vehicle world, we think it will be a long period of hybrid autonomy, where autonomous vehicles will be implemented gradually towards specific use cases while drivers continue to operate most Demand Needs. "
As Common for an S-1, the risk picture recognizes everything that can go wrong for the company, including increased regulation, decline in reputation or falling behind competitors. For Uber, which not only contains the seedier aspects of the aforementioned, but also the question of how to achieve profitability while maintaining prices, customers have come to expect and compensation that works for drivers. This is expected to be one of the biggest technological IPOs ever, and comes just a month after its main competitor Lyft noted its open market shares, revealing over 30 million riders and just under two million drivers.