5 Biggest Gig Economy Companies In The World

04. Uber Technologies, Inc. (NYSE:UBER)

Market Capitalization as of November 3, 2022: $52.61 billion

Number of Hedge Fund Holders as of Q2, 2022: 129

Uber Technologies, Inc. (NYSE:UBER) was founded in 2009 and is based in San Francisco, California. Uber Technologies, Inc. (NYSE:UBER) develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It connects consumers with independent providers of ride services for ridesharing services. It also connects riders and other consumers with restaurants, grocers, and other stores with delivery service providers for meal preparation, grocery, and other delivery services.

Uber Technologies, Inc. (NYSE:UBER), like the majority of other gig economy companies, derives its value from its network of drivers, riders, eateries, and retail establishments. It can quickly match drivers with gigs and restaurants with diners, which allows it to charge a commission. Most of the money customers pay Uber Technologies, Inc. (NYSE:UBER) goes to its drivers, restaurants, and shops, with some going to Uber itself.