After a decade in the making, Uber is finally debuting on the New York Stock Exchange in May this year at a valuation of up to US$100 billion. We are all clamouring to know if this will be an investment opportunity of a lifetime or one-way drive in the wrong direction.
What makes Uber interesting is its role as a disrupter in the taxi industry. I’m sure we’re all familiar with Uber – it is a ride-sharing platform that connects users who are looking for a ride with a personal driver that will drive them to their destination.
Users gain the convenience of knowing the driver’s location and time it takes for them to reach their pickup point. The cost of the trip is stated upfront and the fare is automatically charged to the user’s credit card upon reaching the destination.
For drivers, Uber helps to increase their potential
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