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Uber Technologies, Inc., commonly referred to as Uber, is an American multinational transportation company that provides ride-hailing services, courier services, food delivery, and freight transport.[1] It is headquartered in San Francisco, California, and operates in approximately 70 countries and 10,500 cities worldwide.[1] It is the largest ridesharing company worldwide with over 150 million monthly active users and 6 million active drivers and couriers. It facilitates an average of 28 million trips per day and has facilitated 47 billion trips since its inception in 2010.[2] In 2023, the company had a take rate (revenue as a percentage of gross bookings) of 28.7% for mobility services and 18.3% for food delivery.[2]

One of the key concepts in understanding futures trading is that, as leveraged investments, a relatively small amount of capital is used to control a much larger contract amount. While this leverage provides a highly efficient use of capital, it is also a double-edged sword, potentially amplifying losses far beyond the amount originally invested. 

Futures are a type of derivative contract agreement to buy or sell a specific commodity asset or security at a set future date for a set price. Futures contracts, or simply "futures," are traded on futures exchanges like the CME Group and require a brokerage account that’s approved to trade futures.