"I think we've got to do a better job in terms of telling our story to the markets. I think the company is executing very very well, and somehow its not getting through the noise," Khosrowshahi says.
Shares of Uber tanked nearly 10% Friday after the ride-hailing giant reported disappointing second-quarter earnings, including a massive $5.2 billion loss in the three-month period.Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., speaks on a webcast during the company's initial public offering on the floor of the New York Stock Exchange in New York, U.S., on Friday, May 10, 2019.
"I think we've got to do a better job in terms of telling our story to the markets. I think the company is executing very very well, and somehow it's not getting through the noise," Khosrowshahi told CNBC's David Faber and Jim Cramer onAsked if he has any regrets about the Uber's initial public offering, the CEO said "it was a great day as far as bringing in, getting the company public, getting us funded to that path to profitability as well.
"At some points you just put your head down and you execute and the market short-term, while you can't control the short-term, long-term the market will take care of itself," he added., including a massive $5.2 billion loss in the three-month period. The stock has been trading below its IPO price of $45 since early July.as he tries to steer it toward profitability. He added that Uber is targeting 30% revenue growth in the back-half of the year.
Don’t sell.
The End of Uber Era 🙏🏻
Didi is coming to crush them! Avoid this stock at all costs!
This CEO is starting to show some results and I think he’s doing a good job - keep it up please
Does once in a lifetime mean wait till next quarter?
I like profitable companies that don't report $5.2 billion dollar losses. 🤷♀️
What happens when the rideshare monster destroys someone’s life?
PONZI Hmm why did Tony West tonywest SELL OFF stocks last week ? Insider trading? Why did ariannahuff arianna quit last week? Paydriversfare YES AB5
Thank God it was 1off. I thought it was something far more ominous...
Double next year! Too big to fail?
Check’s in the mail
Regulate the out-of-control number of drivers clogging San Francisco city streets at all times of the day.
Yeah investors be damned ....
Expiration period ends soon. Take the 💰 and 🏃🏽♂️.
Of course not he’s getting his $$$
Why would he, they all made a shit ton of 💰 💰 💰
Dang. I thought he was going to publicly say it was a terrible idea.
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »