Uber Went Public Today And Things Were Off To A Rough Start

  • 📰 BuzzFeed
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Uber Goes Public At $80 Billion Valuation, Much Lower Than It Hoped

showed it played fast and loose with the law. The episodes tested how far a CEO could push the Silicon Valley ethos that values skirting the rules in order to grow. Ultimately, Kalanick pushed too hard and gave way to Dara Khosrowshahi as the company’s new, soft-spoken CEO, who previously ran Expedia.

Brendan Sexton, executive director of the Independent Drivers Guild said in a statement,"As Uber’s wealthy investors get wealthier today, remember that most of the drivers who built the company are still making poverty wages, often far less than minimum wage.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 730. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Uber opens at $42 in market debut, after pricing at $45 per shareWatch Uber begin trading for the first time ever. The stock opened at $42 in its market debut, after pricing at $45 a share. $UBER Calm down. They are not übermensch l 👀 $Uber buys cars from Tesla to operate a driverless network- the year is 2023 bitcoin used as payment. Satisfied customers get audiobooks read to them on the ride with PrimeVideo
Source: CNBC - 🏆 12. / 72 Read more »

Uber Wants to Be the Uber of Everything—But Can It Make a Profit?E-bikes over cars. Parking lots replaced by parks. Drone delivery. This is Uber's vision for the future—with the company at the center. Now it just needs to make money. Uber was a very stupid name selection ( I know what it means)... Anything is better than having to pay drivers When you give what customer what in your own style and at a price that is favourable to the middle class margin. Profits come calling.
Source: WSJ - 🏆 98. / 63 Read more »

Uber stock sinks below IPO price as it hits public marketUber stock hit public markets with a sigh this morning, trading below their initial public offering price. But even at the low end of the price range, Uber’s listing will be the ninth-largest U.S. IPO of all time. It's just an app. Hope all the speculators lose big. Boycott boycott boycott boycott boycott. Make it public my marriage w Leo DiCaprio
Source: latimes - 🏆 11. / 82 Read more »