Uber CEO Dara Khosrowshahi emailed employees hours before the company's massive IPO. Here's what he said.

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

His letter to employees reflected on Uber's 10-year history — and noted the increased scrutiny it would face from the public moving forward.

Uber priced its IPO at $45 per share, giving the company an initial valuation of $75.5 billion.

Uber executives including Khosrowshahi rang the opening bell on the balcony of the New York Stock Exchange on Friday morning as the company prepared to list its shares under the ticker symbol"UBER." The company has priced its IPO at $45 per share, giving the company an initial valuation of $75.5 billion.Khosrowshahi talks about how Uber went from early test runs to providing billions of trips to customers around the world.

As a publicly traded company, Uber will now have to deal with increased public scruinty and quarterly earnings reports and calls with analysts, and Khosrowshahi said that will mean even more responsibility for Uber employees.

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:

 /  🏆 729. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Uber makes money from slave drivers paying .70 a mile. investors offer an over-inflated stock that's worth nothing. Without autonomous Uber and Lyft is worth zero selling over-inflated stock. The rich selling junk bonds to the poor

Singapore Singapore Latest News, Singapore Singapore Headlines

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

Uber drivers' strike takes off in front of company headquarters ahead of $90 billion IPORideshare drivers across the world are boycotting Uber for as long as 24 hours today, demanding fare increases and lower commissions paid to Uber. Or they could get another job I had 0 problem getting an uber today. Wouldn’t even have known there was a strike Striking on a company that isn't showing a sign of making money yet.
Source: CNBC - 🏆 12. / 72 Read more »