Uber: hot files for the new CEO

HIGHLIGHTS:-

Patron of the tour operator Expedia, Dara Khosrowshahi is approached to take the lead of Uber, replacing Travis Kalanick, ousted in June after controversies.
SOURCE AFP


Reducing the image of Uber and stopping financial losses, here are some of the challenges of Uber’s new boss. The US company finally chose its CEO to fill the position left vacant after the ouster of Travis Kalanick. Dara Khosrowshahi, the leader of the chauffeur-driven vehicle reservation, told the boss of Expedia, Dara Khosrowshahi, the tour operator said on Monday, adding that the person concerned was likely to accept. “Dara Khosrowshahi was offered the leadership of Uber. Nothing has yet been finalized, but (…) I think he intends to accept. (…) I know that Dara would like to communicate with all of you, but I asked him not to do so until everything is settled, “wrote the Chairman of the Supervisory Board Barry Diller in a letter to employees Expedia and sent to the US Securities and Exchange Commission.

 

What is the fate of Travis Kalanick?

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Dara Khosrowshahi, 48, has headed Expedia since 2005 and has largely contributed to its expansion through acquisitions. Expedia is one of the largest online tour operators in the world. His probable departure was not very well received on Wall Street, where the stock lost 4.5% Monday, closing at 142.53 dollars. With $ 94.6 million a year, he is the third highest paid boss in the US, according to the AFL-CIO. A native of Iran, Dara Khosrowshahi is also a member of the executive committee of the New York Times Company since 2015.

 

Valuation of Uber down

Another concern: Waymo, today a subsidiary of Google, accuses Uber of having stolen technologies to him by buying Otto, company specialized in autonomous vehicles. The latter was founded by Anthony Levandowski, who previously worked for Waymo. The case is in the hands of the courts. Based on fundraising from investors, Uber’s valuation is approximately $ 70 billion. But according to the press, four investment companies have recently lowered the value of their stake, reducing the theoretical value of Uber. In addition, the group has turned its back on taxis, which see its scheduled death, the regulators of many countries seeking to block it, and even its own drivers, who demand better pay or a more protective status.

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