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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.

Uber hires Dara Khosrowshahi as chief exec

Uber has appointed Expedia boss Dara Khosrowshahi as its new chief executive...

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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 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 Bogot√°, Boston, Manila, Sydney, and Washington D.C.

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About Ilse van den Berg

Ilse is a freelance journalist and editor who loves all things related to travel, wine, cars, and entrepreneurship. She is also the editor of Go & Travel, a platform connecting all the stakeholders in the travel & tourism industry. From 2010-2014, her beat was Marketing & Media at Bizcommunity.com. Then she had a 2-year adventure in Italy after which she returned to Bizcommunity as the Motoring, ICT, and Logistics editor. She decided to try the freelance thing as of August 2018 and she is still a contributing writer for Bizcommunity. You can check out her work here, here, and here. In her spare time, she's probably surfing, hiking, or travelling. Contact Ilse if you require any writing or editing services on (note .co NOT .com) or or find her on Twitter.
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