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Uber CEO Dara Khosrowshahi Wants IPO to Happen in Next 18 to 36 Months
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On Wednesday, newly announced CEO of ride hailing giant Uber, Dara Khosrowshahi, said that the troubled tech startup should go public in the next 18 to 36 months.
During a meeting with employees at Uber’s headquarters in San Francisco, the former chief executive of Expedia (EXPE - Free Report) said that he plans to make it a priority to “pay the bills.” This comes in opposition to Uber’s former leader and founder Travis Kalanick’s stance on an IPO, who famously was opposed to the idea, telling CNBC last year that he wanted “to make sure [an IPO] happens as late as possible.”
Uber, however, is notorious for losing insane amounts of money. Last year, the company lost a total of $2.8 billion, and in the first three months of this year, it lost $708 million (also read: Will Uber Be the Hottest IPO of 2017?).
In addition to divulging his IPO plans for his new company, Khosrowshahi also gave some insight into how he may run Uber. According to tweets from the handle @Uber_Comms, Uber’s new CEO said things like “I won’t B.S. you, and I hope you won’t B.S. me,” and “I’m all in, and I’m going to fight for you with every bone in my body.”
Mr. Kalanick attended the meeting as well.
A special selfie at the end of a very special all hands introducing @dkhos to @Uber employees around the world. He starts on Tuesday! pic.twitter.com/vAPwqUbwu1
For more information on Khosrowshahi, listen to the latest episode of Tech Talk Tuesday!
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Uber CEO Dara Khosrowshahi Wants IPO to Happen in Next 18 to 36 Months
On Wednesday, newly announced CEO of ride hailing giant Uber, Dara Khosrowshahi, said that the troubled tech startup should go public in the next 18 to 36 months.
During a meeting with employees at Uber’s headquarters in San Francisco, the former chief executive of Expedia (EXPE - Free Report) said that he plans to make it a priority to “pay the bills.” This comes in opposition to Uber’s former leader and founder Travis Kalanick’s stance on an IPO, who famously was opposed to the idea, telling CNBC last year that he wanted “to make sure [an IPO] happens as late as possible.”
Uber, however, is notorious for losing insane amounts of money. Last year, the company lost a total of $2.8 billion, and in the first three months of this year, it lost $708 million (also read: Will Uber Be the Hottest IPO of 2017?).
In addition to divulging his IPO plans for his new company, Khosrowshahi also gave some insight into how he may run Uber. According to tweets from the handle @Uber_Comms, Uber’s new CEO said things like “I won’t B.S. you, and I hope you won’t B.S. me,” and “I’m all in, and I’m going to fight for you with every bone in my body.”
Mr. Kalanick attended the meeting as well.
For more information on Khosrowshahi, listen to the latest episode of Tech Talk Tuesday!
4 Tech Stocks to Keep an Eye On
Tech stocks have been a major force behind the market’s record highs, but picking the best ones to buy can be tough. There’s a simple way to invest in the success of the entire sector. Zacks has just released a Special Report revealing one thing tech companies literally cannot function without.
More importantly, it reveals 4 top stocks set to skyrocket on increasing demand for these devices. I encourage you to get the report now – before the next wave of innovations really take off. See Stocks Now>>