This and the other incidents could have dented its value, which has been pegged at a whopping $68 billion. Uber lost tens of thousands of users from the dust-up when Kalanick joined and then quit a panel advising President Donald Trump. Kalanick, known for being brash and aggressive in propelling Uber's rise, also poses potential to be a liability as the company deals with more complex corporate issues, say some analysts.
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"This morning I told the Uber team that we're actively looking for a chief operating officer a peer who can partner with me to write the next chapter in our journey," Kalanick said in a statement.Īfter a series of embarrassing revelations, Uber faces challenges in keeping growth on track, with Kalanick pressured to yield some control.Īnalysts say Uber's rocky past month - marred by disclosures about a culture of sexism and its covert use of law enforcement-evading software - underscores the need for more mature management at the world's most valuable venture-backed startup. SAN FRANCISCO - Uber on Tuesday began searching for a second-in-command to help embattled chief executive Travis Kalanick steady the wheel at the fast-growing on-demand ride service.
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