'That's a whole lot of riders': Uber hits its billionth trip

SAN FRANCISCO -- Uber said Wednesday it made its billionth trip in a new milestone for the global ridesharing service.

See Full Article

"Marvin and Ara just made our day. Their London uberX ride together on Christmas Eve from London Fields, Hackney to Hoxton in Ara's blue Honda Insight Hybrid was the billionth Uber trip," Uber said in a blog posting.

"One billion. That's a whole lot of riders and drivers sharing the road, special moments, and celebrations together. Certainly far more than we ever imagined when we got started in San Francisco five and a half years ago."

Uber has expanded to hundreds of cities around the world in at least 68 countries, offering new options for both riders and drivers but also running into complaints from the taxi industry and regulators.

The company has reached a valuation of more than $50 billion based on private investment disclosed to date.

The billionth ride comes a day after an announcement that fellow San Francisco ridesharing group Sidecar was ending its service.

Uber still faces competition from U.S.-based Lyft and other global start-ups.

"This holiday season, we're feeling grateful and festive crossing this milestone as we close out the year," the company said.

"For riding their way into our history books, we're putting one year's worth of free rides in rider Marvin's stocking and our driver-partner Ara will be taking a vacation on us to the Uber city of his choice."

Uber said it was also making a donation to Hackney Pirates, a charity serving the neighborhood where the billionth trip started.



Advertisements

Latest Economic News

  • Canadian financial companies investing in overseas coal plants despite push against

    Economic CTV News
    OTTAWA - Canada's national pension fund manager is among a group of Canadian companies that are undermining the federal government's international anti-coal alliance by investing in new coal power plants overseas, an environmental organization says. Source
  • Canadians swindled out of $1.7M via cryptocurrency scams this year

    Economic CTV News
    TORONTO - Canadians have been swindled out of than $1.7 million via scams involving cryptocurrencies such as bitcoin so far this year - more than double the amount during all of 2016. The Canadian Anti-Fraud Centre says that's more than five times the amount people lost to these types of scams in 2015, which was roughly $284,000. Source
  • Asian stocks rise after U.S. jobs report

    Economic CTV News
    TOKYO - Share prices were higher in Asia on Monday, lifted by encouraging employment data from the U.S. that took the Standard & Poor's 500 index to its third straight weekly gain on Friday despite weakness earlier in the week. Source
  • Location, location, location: How your health-care coverage is linked to where you live in Canada

    Economic CBC News
    Two men, different provinces, the same life-changing surgery, yet one has to pay out of pocket and the other is covered by the public health-care system in what some call Canada's medical "postal code lottery." Peter Pawlik, a hearing-impaired Calgary man, is travelling to Austria to get a life-changing medical device surgically implanted that will help him hear clearly for the first time. Source
  • Bitcoin futures set to begin trading at Chicago exchange

    Economic CTV News
    CHICAGO -- A security based on bitcoin, the digital currency that has exploded in popularly and volatility this year, was to begin trading on a major U.S. exchange for the first time on Sunday. The Chicago Board Options Exchange, one of the nation's largest traders of options and futures, planned to open up bitcoin futures for trading at 5 p.m. Source
  • Bitcoin futures rise as virtual currency hits major exchange

    Economic CTV News
    CHICAGO -- The first-ever bitcoin future began trading Sunday as the increasingly popular virtual currency made its debut on a major U.S. exchange. The futures contract that expires in January rose $340 to $15,800 in the first hour and 15 minutes of trading on the Chicago Board Options Exchange. Source
  • Shoppers rankled by doorstep theft of big-ticket deliveries

    Economic CTV News
    Todd Bailey is fed up with delivery companies that drop his online purchases at his door. A few years ago, the Grande Prairie, Alta., resident was at the hospital for the birth of his child when a big-screen TV he had ordered was left on his front stoop. Source
  • Even the best companies can't eliminate cyber attacks: experts

    Economic CTV News
    TORONTO -- Companies trying to stay ahead of the increasing threat of cyberattacks need to be cognizant of one simple fact: there is no perfect antidote or turnkey solution against criminals bent on breaching their systems. Source
  • 'Well, there's no limit on it': Ohio student makes a fortune buying Canadian-invented ether cryptocurrency

    Economic CBC News
    Eddy Zillan is an 18-year-old high school senior in Cleveland. He loves going to car shows and he plans to attend dental school after he graduates to become an orthodontist. In many ways, he's like most students his age except for the fact that he's made a fortune buying and selling cryptocurrencies. Source
  • Trump says Trudeau left out lumber, energy while talking trade numbers

    Economic CBC News
    U.S. President Donald Trump regaled a rally of supporters Friday night with a story about a disagreement with Canada's prime minister, then sprinkled his tale with some questionable statistics about international trade. Trump told a partisan crowd in Florida that he and Justin Trudeau had a closed-door debate about trade balances. Source