The New Uber CEO Could Kickstart the IPO Process

The new Uber CEO could be chosen by September 2017, according to an Aug. 1 Business Insider report. And an Uber IPO may not be far behind…

Former CEO Travis Kalanick wanted to delay an Uber IPO as long as possible, but the new CEO may need to take the company public soon to raise money and expand the business because of growing competition.

Recent Uber scandals, ranging from company-wide sexual harassment to accusations of intellectual property theft, have cost Uber customers. Because Uber isn’t profitable yet, the ride-hailing app can’t afford to lose any of its users.

Leave a Reply

Your email address will not be published.