Uber, the biggest transportation network was found in 2009 by Travis Kalanick and Garret Camp and it is now operating in many countries across the globe. It poses a potential threat to many traditional yellow cabs and the taxi drivers are finding it difficult to make money off their professions.
The US based ride hailing company is also known for its long list of infamous controversies but it often does feel good campaigns to restore its lost fame, clever job Uber! It has offered many features like UberPool, UberX to grab attention from the media and the public. The company is also good with its marketing strategies and it has some catchy advertisements as well.
Uber’s net value worth was $51 billion in 2015, and the fact it was just launched in 2009 is just mind blowing! It is the most valuable company after Mark Zuckerberg‘s Facebook, poor guy, he must be whining about it now! Lyft is also a ride hailing network that gives a tough competition to the US based company worth many billions.
Lyft has its own pool service and it is doing remarkably well among the public. According to sources, it is a lot safer than yellow cabs and even the mighty Uber. A research says several Uber users have shifted to Lyft because of Uber’s surge pricing and controversies.
Travis Kalanick is little intimidated by Lyft’s amazing growth in market revenue and is on plan to introduce more features to take down its rival!