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!
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