Why Uber Still Can’t Make a Profit

The Daily

The New York Times

News, Daily News

4.3 • 107.6K Ratings

🗓️ 29 August 2019

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

Uber transformed American transportation and changed the United States economy. But a decade after its founding, the once-swaggering company is losing more money and growing more slowly than ever. What happened? Guest: Mike Isaac, a technology reporter for The New York Times and the author of “Super Pumped: The Battle for Uber.” For more information on today’s episode, visit nytimes.com/thedaily. Background coverage: The Uber of 2019 displays little of the braggadocio of its past, and competitors and critics are moving in.

Transcript

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0:19.0	variety of expertise.
0:21.0	Get 10% off your first month at BetterHelp.com slash daily pod.
0:25.6	From New York Times, I'm Michael Barbaro.
0:32.7	This is The Daily.
0:36.8	Today, the company that transformed American transportation and changed the U.S. economy
0:47.6	can't stop losing money.
0:50.6	Make Isaac on what exactly is going on with Uber?
0:57.6	It's Thursday, August 29th.
1:09.0	Scandal rocks Uber.
1:10.4	An urgent investigation as a former employee makes explosive allegations of sexual harassment
1:16.1	against women.
1:20.1	A former employee claims she was sexually harassed and Uber management didn't do anything
1:25.1	about it.
1:26.1	In fact, she says she was ultimately criticized for reporting the problem.
1:30.0	But hers wasn't the only complaint.
1:31.5	The company's been forced to fire more than 20 people after uncovering 215 other allegations
1:37.4	of harassment.
	...

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