How to Fix Uber in Six Not-So-Easy Steps
Out of the darkness.
Photographer: Chris J. Ratcliffe/BloombergThanks to Eric Newcomer and Brad Stone in the new issue of Bloomberg BusinessWeek, we now know that the departure of Travis Kalanick from his position as chief executive of Uber Technologies Inc. was “a lot weirder and darker than you thought.” Thanks to a recent story in The Information, a website covering technology, we know that eight years after it was founded, Uber continues to lose ridiculous sums of money: $743 million in the third quarter of 2017 alone.
We know that Uber’s well-publicized problems—everything from its bro culture to the five criminal investigations the company faces—have caused its valuation to decline 30 percent from its $69 billion peak. We know that even after the hiring of a new CEO, Dara Khosrowshahi, skeletons have continued to fall from the closet, like the recent news that Uber had a tool that allowed it to lock down computers in any office around the world if the cops showed up.
