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Viewsroom

Uber’s hard route back onto the road

Viewsroom

Reuters

News

4.458 Ratings

🗓️ 30 November 2017

⏱️ 12 minutes

🧾️ Download transcript

Summary

The ride-hailing app has hit a damaging set of speed bumps including accelerating losses, a bruising court battle with Alphabet and covering up a security breach. But new Chief Executive Dara Khosrowshahi’s most important challenge is proving the firm can handle the long haul. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:30.5

The views expressed on this podcast are those of the participants, not of Reuters News.

0:40.3

Thank you. of the participants, not of Reuters' News. Can Dara Kozra Shahi get Uber back on the road?

0:45.3

That's the question we'll be tackling on this week's views room,

0:48.3

a weekly conversation among breaking views columnists about the ups and downs of the world of finance.

0:53.3

I'm Anthony Curry,, my co-host is

0:55.0

Jennifer Saber. Hi, Jen. Hello. So, Dara Klosra Shahi took the wheel at Uber just three months ago.

1:01.7

Since then, the ride-haling app has been accused of covering up a massive data breach, been told by a judge

1:06.5

that he doesn't trust its lawyers, and lost a whopping $1.5 billion in its third quarter. Here to tell us whether Uber's new driver can turn the company around is Robert Siren. Rob, how you doing? Hey, I do. So, come on, let's sort this out for us. Let's start with the numbers. Now, obviously, being a private company, Uber doesn't report these numbers, but our colleagues at Reuters and elsewhere have got hold of them.

1:28.3

That's pretty bad, isn't it, to lose 1.5 billion? Or tell me, is it Amazon like it's growing so fast? Everything's fantastic. It's taking over the world.

1:35.3

No.

1:36.3

Ah, okay.

1:37.3

So, Uber has always been able to grow very fast, and the goal for 2017...

1:42.3

Grow its revenue.

1:43.3

It's always been able to expand. And so the goal for 2017, it's revenue was, yeah, it's always been able to expand.

1:45.9

And so the goal for 2017 is keep the revenue expansion going and reduce the losses every

1:51.6

quarter. And it's got one of those things right. Yes. It's managed to keep revenue growth up.

...

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