Passengers loved Uber's comfort and accepted him in cities like San Francisco, New York and London. Today Uber operates in more than 600 cities in 63 countries and offers more than 15 million trips a day.
Venture capitalists and other investors took advantage of Uber's rapid growth and brought billions of dollars into the company to dominate it. Investors include the venture capital firm Benchmark, First Round Capital, TPG, SoftBank, Toyota and Fidelity Investments. Many of them will be able to generate big returns from an IPO
"Uber's shares are broad and will change the lives of many thousands of families who have worked hard for this outcome," said venture capitalist Matt Ocko, who financially supports the company Uber invested when it was a young company. Many Uber employees will start new businesses, he said. "This virtuous cycle is still a big part of what makes the valley great," he added.
Uber experienced a rocky year in 2017, when his workplace culture was superior to an exam on sexual harassment and growth considerations. Mr. Kalanick was fired in June 2017 after the shareholders raised a revolt against him.
Mr. Khosrowshahi was appointed head of Uber a few months later. He has vowed to improve corporate culture and improve the broken relationships with regulators, lawmakers and others.
"We're not going to finish, but looking at where we were a year ago, we've dealt with basic issues of governance, direction of the board, ongoing struggles among the power brokers on the board, and whether or not we SoftBank would or would not have us or against us, "Khosrowshahi said earlier this year in an interview with The New York Times. "These were very important questions that we had to address and solve, and I think we solved them pretty effectively in a positive way."