Uber to go public, launches Movement tool

NEWSWATCH: Things have no doubt been abuzz at Uber with the announcement of new CEO Dara Khosrowshahi. Khosrowshahi, the former head of Expedia, wants to take Uber public in the next 18 to 36 months. In addition, the company has officially launched its Movement traffic data tool.

Plans to go public

According to a report on Business Insider, an Uber listing would "most likely be one of the biggest technology IPOs of the decade". The currently private ride-hailing company is worth $68.5 billion.

By from San Francisco, USA [CC BY-SA 2.0], via

Uber hires Dara Khosrowshahi as chief exec

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The report states that after the recent series of scandals - including allegations of sexual harassment and illegal taxi operations - going public would, in many ways, make the company more accountable.

Uber Movement

Uber to go public, launches Movement tool

Uber has also announced the launch of its Movement tool. By giving access to a modified version of its internal demand and usage data, Uber hopes that cities, urban planners, government experts, transportation professionals, and academic organisations can use the data to support projects that would help reduce congestion and generally speed up travel times. In essence, it helps to analyse the impact of events, rush hours, and road closures in cities worldwide.

Currently, Movement is only available in Bogotá, Boston, Manila, Sydney, and Washington D.C.