Both Uber Rider and Driver App Have Crashed Worldwide

Multiple sources are reporting both the Uber driver and Uber rider app are currently down with users from as far as Argentina to Kenya not being able to log on, accept rides, or request a trip.  Users have also reported that Uber Support is down as well.  

The outage comes days after the rideshare company announced it would soon seek an IPO.  

Uber filed paperwork last Thursday to go public, according to two people with knowledge of the matter, officially moving toward what is expected to be one of the biggest and most anticipated tech company stock market debuts ever.

The ride-hailing company filed its paperwork with the Securities and Exchange Commission on the same day that its rival Lyft also filed for an offering, said the people, who requested anonymity because they were not authorized to speak publicly. Each company is rushing to beat the other to the public markets in the first half of next year amid a fair climate for technology I.P.O.s and worries of a potential economic recession.

Uber and Lyft declined to comment. The Wall Street Journal reported earlier that Uber had filed its public offering documents.

Uber, the world’s biggest ride-hailing company, has been told by investment bankers that it could be worth as much as $120 billion in an I.P.O. At that valuation, it would be the biggest offering since the Alibaba Group of China began trading on the New York Stock Exchange in 2014. It would dwarf the market capitalization of more established companies such as Goldman Sachs, putting it at around the same value as I.B.M. or McDonald’s. And it would likely bring enormous windfalls for many of its investors, founders and employees

 

Stay tuned for updates.

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