Uber CEO Embraces Losing Money With Revenue Growth Slowing
Found on Bloomberg on Sunday, 19 August 2018
Like his predecessor, Uber Technologies Inc. Chief Executive Officer Dara Khosrowshahi is putting growth above profit.
Nearly a year into Khosrowshahi’s tenure, Uber reported on Wednesday a second-quarter loss of $891 million.
The company is targeting an initial public offering in the second half of next year, but it still doesn’t have a chief financial officer after years of searching.
Wasting money is not how you start a successful and lasting company. If you only want to steal by doing an IPO however,...