The Uber car service works by connecting people who need rides with drivers. People seeking rides connect with Uber drivers through satellite tracking systems on their phones. They enter requests for rides and drivers, specifying the route and desired travel date, and secure rides with company-approved drivers, who essentially act as taxi drivers, reports Time Magazine.Continue Reading
Uber's existence dates back to 2009. It started as a local cab company in California but proved popular and successful enough to establish facilities in other cities. Today, the company offers services in over 50 countries and in major cities around the world. Regardless of location, its business model remains the same. Passengers submit requests for rides and wait for drivers to respond. Despite acting as a casual transportation service, Uber sets some requirements for its drivers. Eligible drivers must own their cars, have auto insurance and have a clean record, according to Time.
In addition to simply offering rides like regular taxi services, Uber's drivers perform other helpful services. For a fee, which averages approximately 25 percent less than typical taxi fees, Uber drivers might help customers by delivering food, household goods and other products. The Uber model proves successful and has served as a model for other companies.Learn more about Corporations