Uber underdelivers
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 8 May 2024
⏱️ 1 minutes
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Summary
Uber loses $654 million in the first quarter; Reuters reports the Justice Department is looking into whether Tesla committed wire and securities fraud; independent law firm says big changes needed at the FDIC to address widespread allegations of sexual harassment and discrimination; FTX reorganization plan that would give small investors all their money back.
Transcript
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| 0:00.0 | Uber Underdelivers. I'm Nancy Marshall Genser with the Marketplace Minute. |
| 0:05.5 | Uber reported first-quarter earnings today with net losses of $654 million. |
| 0:11.3 | Analysts expected a net profit. |
| 0:13.7 | Reuters is reporting that Justice Department is looking into whether Tesla committed |
| 0:17.7 | Wire and Securities Fraud. |
| 0:19.6 | Reuters says the investigation is focused on whether Tesla misled consumers about its driver assistance systems. |
| 0:26.0 | CEO Elon Musk has suggested the cars can drive themselves. |
| 0:30.0 | A new report from an independent law firm says big changes are needed at the |
| 0:34.1 | FDIC to address widespread allegations of sexual harassment and |
| 0:38.0 | discrimination. The report says more than 500 people contacted a hotline, women in an FDIC field office said their supervisor |
| 0:45.9 | routinely talked about their breasts and legs. |
| 0:49.2 | In the failed cryptocurrency exchange FTX has unveiled an amended reorganization plan that would give small |
| 0:54.9 | investors all their money back plus interest still has to be approved by a bankruptcy court. |
| 1:00.1 | I'm Nancy Marshall Genser with the Marketplace Minute. |
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