Just over five years ago, a transportation startup called Uber launched. Tap an app on your phone, get a car quickly. Pay without ever taking out your wallet.
Today, Uber has an estimated global value of $40 billion — and a dominant position in New York City, its largest market.
More than 13,000 Uber cars cruise the five boroughs, with 1,000 more coming online every month. Within weeks, the number of Ubers will eclipse the number of yellow cabs on city streets.
The service has grown exponentially by offering New Yorkers a transportation option at prices they find acceptable. Additionally, drivers have found new income opportunities.