Tag: Dara Khosrowshahi
Uber CEO calls Massachusetts gig economy ballot measure the ‘right answer’
Uber CEO Dara Khosrowshahi expressed his support Wednesday for a ballot initiative in Massachusetts that would keep gig economy workers classified as independent contractors, fulfilling a promise he made nearly a year ago to push for laws that preserve its business model. “In the state of Massachusetts, we think the…
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Uber CEO says his company can’t hire all of its drivers in California
Whatever the outcome of its ongoing legal spat with the state of California, Uber CEO Dara Khosrowshahi doesn’t believe his company can employ all the people who drive for the platform in California, at least not without a fundamental rethinking of i… Source
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Why Uber and Lyft rallied last week
Heading into earnings season, you might have expected Uber and Lyft to suffer. After all, global travel slowed toward the end of Q1, so how could these companies have done well? Continuing the same line of thinking, given that they are both unprofitable and are valued more on growth than…
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Uber pushes adjusted quarterly profit target to 2021
Uber has pushed its target to achieve a measure of profitability to a quarter in 2021, reversing a decision made just three months ago to move up the goal to the end of this year. Uber will miss its target to reach an adjusted EBITDA quarterly profit in the fourth…
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Uber may use its selfie tech to verify drivers are wearing masks
When Uber rolled out its selfie system for drivers in 2016, the ride-hailing company was focused on preventing fraud. In the future, it could be used to ensure drivers are wearing a mask. Uber said earlier this week — CEO Dara Khosrowshahi reiterated today — that it is working through…
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The great unicorn retreat
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Today we’re taking stock of what’s happening to a number of unicorns, both public and private. This is the third time we’ve sat down to document what feels like a…
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