Skip to main content

Dara Khosrowshahi: All Uber board agreed IPO in 2019

Uber's CEO, Dara Khosrowshahi, on Thursday said on track for an IPO in 2019 and the company will not be dependent on new funding from SoftBank. The technology giant headquartered in San Francisco said "2019 is the target" where Travis Kalanick and other board members agreed on the IPO plan.

Tinuku Dara Khosrowshahi All Uber board agreed IPO in 2019

"Travis and the entire council agree that we should go public. The numbers support, the system supports, and the fact that if you set up the company in the right way and honestly talk to investors, you will find the right shareholder to support," Khosrowshahi said.

Khosrowshahi became CEO of Uber in August after the company was hit by a series of scandals and pledged to improve organizational culture. Khosrowshahi said SoftBank's investment is still running but not related to the IPO plan.

SoftBank has raised US$100 billion for the technology startup and is widely expected to be a major investor in Uber even though the discussions have not yet come to an agreement. Khosrowshahi said SoftBank has not made any terms about the IPO.

"If you talk to SoftBank, they have no special interest in going public, they are the main long-term investors," Khosrowshahi said.

Khosrowshahi also said the company has lost a lot of money, but is still on the road to profitability in the long run. Uber is still subsidizing in most areas to build a market where during certain periods it will turn profits.

Comments

Popular posts

GyroCycle motorcycle self-balancing gyroscope tech by Thrustcycle Enterprises LLC ready market 2017

Tinuku ~ Thrustcycle Enterprises LLC has been set up GyroCycle electric motorcycle that will not collapse even without the support for the production in 2017. The company is based in Honolulu designing electric motorcycles equipped gyroscopic technology for stability and anti-collapse.

Know Various Types of Traditional Indonesian Batik Patterns

Tinuku ~ Various types of batik spread across the archipelago. Batik is art of painting using cloth has a pattern and a special way of making the write or paste on the fabric. By treatment with certain distinctive ways.

Batik is pictorial cloth made specifically by writing or applying wax to cloth and since October 2, 2009 batik has been designated as one of Indonesia's cultural heritage by UNESCO.

Everyone knows batik designs have supernatural powers and each motif worn only by specific users. Parang motif which symbolizes strength and power, should only be worn by rulers and knights. Batik of this type must be made with calmness and patience.


If you do wrong in the batik process, the magical power is lost. The process of making batik is full of philosophical meaning, batik is a meaningful symbols that shows how society thinks maker.

Perhaps you just know only one kind of batik design. But geography and area of Indonesia storing various types of batik motifs depending on region t…

GlaxoSmithKline, Novartis AG and Bill Gates pushing against malaria

GlaxoSmithKline Plc and Novartis AG will donate a research fund of up to US$4 billion in a global effort to fight malaria as a drug-resistant strain has not progressed for years. Commitment is part of a broad initiative led by the Bill & Melinda Gates Foundation with US$1 billion,

Glaxo invested an additional US$250 million, while Novartis will allocate more than US$100 million, the company said before Wednesday's meeting in London. Urgency increases when the case of malaria grows significantly in 2016 for the first time in a decade. The emergence of resistance to drugs and insecticides makes efforts to eradicate the disease more difficult.


Certain variants of the lethal parasite Plasmodium falciparum are able to avoid artemisinin as the most potent drug available today. This resistant strain has been detected in five Asian countries and takes risks in Africa. Philanthropic billionaire Bill Gates has said it would be a "disaster" if the mutant form of the parasite mo…