We’ve all been there. You get in your car and drive to meet up with your friends for a drink or two. You tell yourself that you will have AT MOST two drinks and that you will be totally fine to drive home. But as the night goes on you’re having so much fun talking and laughing with your friends that two drinks turns into three and then four and then you know that there is absolutely no way that you can operate a moving vehicle. There are no cabs in your area and you have work at 8:00 am so you really can’t stay the night. This is probably the predicament that Garrett Camp had in mind when he founded Uber.
Garrett Camp founded Uber in San Francisco in 2009. I’m sure we have all heard of and probably used Uber, but in case you haven’t, Uber is a transportation company connected to a smartphone app. The cars come to you and drop you off at your destination and then at the end of your trip you are automatically billed through your credit card that is linked to the app.
Since 2009, Uber has been immensely successful bringing in approximately 6.5 billion dollars. Just a few years later, Logan Green and John Zimmer decided to join the market and founded Lyft. While the companies have the same basic foundation, they do have their differences. Uber is no stranger to controversy. Throughout the years, there have been various incidents of sexual harassment and just recently the CEO stepped down.
However, despite its many setbacks, it seems that Uber is still on top. Recent statistics prove that Uber’s numbers are still dramatically higher that Lyft’s. Will Lyft take over or will it always be stuck in the shadow of Uber?