Two months after Travis Kalanick resigned, Uber has reportedly found a new CEO. Dara Khosrowshahi, former top exec at Expedia, will take the reins amid a time of turmoil for the ride-hailing company, according to recent reports.
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Uber has yet to formally announce its new CEO, but two sources with knowledge of the matter said Khosrowshahi was chosen on Sunday to fill the role. He could be the key to help Uber reach profitability, as he did for Expedia by more than doubling the company's annual revenue from 2012 to 2016. Khosrowshahi's appointment could also give the company a fresh start after a string of scandals. Not only is Uber under fire for using "Greyball" tech to evade authorities, but it has also faced allegations of sexual harassment in the workplace and a lawsuit alleging the company stole trade secrets from Google spin-off Waymo. And earlier this year, a video surfaced of Kalanick arguing with an Uber driver.
Kalanick was reportedly asked by shareholders to step down over concerns of his behavior. He left the company in June, not long after President Jeff Jones and head of business Emil Michael departed.
Although Uber has its fair share of scandal, the company also has reason to celebrate. Last week, Uber reported a 16-percent jump in ride bookings and a 17-percent increase in net revenue for the second quarter.
Source: Reuters
When I tell people I write about cars, the most common reply I receive is “Really?” I guess I never strike people as a car type as I drive down the freeway in the right lane going 60 mph in my old SUV. My gripes about driving in city traffic and fast drivers don’t help my case, either. For a time, the only cars I liked were old cars. Not old as in "classic" or "vintage," but as in well-worn. My first appreciation of cars came when I drove a very old Ford pickup. It wasn't perfect: I used a booster seat to reach the gas pedal, and the turn signal once fell off in my hand as I was learning to drive. But the thing I valued most was the memories. It took several years for me to truly become a "car person." Being a long-time writer and an avid reader has helped me develop a healthy curiosity and a desire to know how things work. This has made cars one of the most fascinating points of study for me because they are such intricate machines. I am interested in how cars can reach 200 mph, how they can run on hydrogen, and how they can drive and park on their own. I also enjoy learning how cars can solve problems whether it be in the form of reducing pollution, minimizing traffic, or helping people stay connected on the road. Yes, maybe I’m not a gearhead. Perhaps I’m a car nerd. Either way, I very much enjoy writing about cars and helping people stay in tune with the automotive industry. I wouldn't want to be writing about anything else. And don’t get me wrong: I know how to drool over a hot car. I am fascinated by the Tesla Model S, awed by the Lamborghini Veneno, and am hopelessly obsessed with the Audi R8.
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