The UBER Story

• Under its new CEO Dara Khosrowshahi, Uber has gone into clean up mode.
This is necessary for Uber. It has become a public company with an IPO in
2019. With public shareholders and 22000 employees, Uber cannot
continue with its upstart image and growth-at-all-costs mind set.As of 2020,
neither Uber, nor its competitors are profitable. Travis Kalanick has moved
onto other projects. While he is still hated by some, Uber certainly wouldn’t
have achieved such scale without someone as intense as him. Uber says it
plans to become profitable quite soon and has been cutting losses by selling
some of its businesses to competitors. We all hope that this iconic company
does well. For more amazing insights and updates follow Insellers. With
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