Uber’s rollercoaster ride: Fluctuating prices, physical attack in Paris, moral attack in SFO


Article Excerpt:

Uber has had an eventful 2014, so far, be it the heavy price cut it announced for UberX in many cities, its competitive moves in Shanghai and Bangalore, the violent protests against it in Paris, or the case of an Uber driver killing a girl in a California accident.

When Uber raised $258 million in Series C funding last year, Uber CEO Travis Kalanick said:

“This new fund will be used to expand into new markets, accelerate customer and driver acquisition, and fight off protectionist, anti-competitive efforts.”

Since then, Uber lived up to this promise by launching its service in at least two cities every week. Now, the company operates in 26 countries worldwide, with a presence in more than 60 cities.

READ THE ORIGINAL ARTICLE: Uber’s rollercoaster ride: Fluctuating prices, physical attack in Paris, moral attack in SFO.

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