Your Guide to the Uber IPO
Foundering
Bloomberg
4.7 • 1.1K Ratings
🗓️ 7 May 2019
⏱️ 24 minutes
🧾️ Download transcript
Summary
It's finally happening. A decade after Uber started out as a black car service in San Francisco, it's going public in one of the largest IPOs of all time. This week on Decrypted, Bloomberg Technology's Eric Newcomer joins Brad Stone to discuss what it will take for Uber to become a profitable business, the potential of its other ventures, and what it would mean for Silicon Valley if Uber achieves the stratospheric valuation it’s seeking.
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Transcript
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| 0:00.0 | Welcome to Crash Course, a podcast about business, political, and social disruption and what we can learn from it. |
| 0:07.0 | I'm Tim O'Brien. Every week on Crash Course, I'm going to bring listeners directly into the arenas where epic upheavals occur and |
| 0:15.5 | I'm going to explore the lessons we can learn when creativity and ambition collide |
| 0:20.7 | with competition and power. |
| 0:23.0 | Listen to Crash Course every Tuesday on the I Heart Radio app, Apple Podcasts, |
| 0:28.0 | or wherever you get your podcasts. |
| 0:30.0 | There are no finish lines in the world of business, but this is about as close as it gets. |
| 0:36.8 | A decade after a startup called Uber Cab started out as a black car service in San Francisco, |
| 0:42.2 | Uber Technologies, Inc. is going public in one of the largest |
| 0:46.0 | IPOs of all time. Perhaps more than any other company, Uber has come to embody the exuberance |
| 0:52.1 | and the hubris of today's tech titans. |
| 0:54.4 | Uber's this generation's startup disruptor, it barreled into cities, |
| 0:59.2 | decimated the global taxi industry, and burned through billions of dollars in |
| 1:04.4 | investor cash. |
| 1:05.4 | Uber's 12 billion dollar valuation is 17 billion dollar valuation. |
| 1:09.9 | Massive 40 billion dollar valuation. |
| 1:13.0 | It also was embroiled in scandal. |
| 1:15.7 | Uber came to symbolize the worst of Silicon Valley excess |
| 1:19.1 | with a complete disregard for regulations |
| 1:21.6 | and a fierce win at all cost mentality. |
| 1:23.8 | Uber founder Travis Kalinik announced he's resigning as CEO after five major |
| 1:29.0 | investors demanded that he go. |
... |
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