New CEO is Dara Khosrowshahi, who was CEO of Expedia for 12 years. Story on his hiring:
On his comments to Uber employees:
no paywall: http://ift.tt/2x6AscF
Uber's most recent financials:
$645 million quarterly loss, down from $708 million QoQ, $991 million YoY. Adjusted net revenue was $1.75 billion, up from $1.5 billion QoQ. $6.6 billion in cash, down from $7.2 billon QoQ.
Most recent valuation was $68 billion but some investors have asked the board to allow them to sell their shares at that valuation, which would represent the first ever investment in Uber where the valuation did not rise.
Submitted August 30, 2017 at 04:50PM by twoambien http://ift.tt/2x5XpN4
