One of Uber’s first employees blames the breakneck pace of growth for the ride-hailing company’s recent scandals. “There was a focus on growing as quickly as possible, and with that sometimes you miss the infrastructure that you need for a company the size that Uber is today,” Chris Taylor, who is now the U.S. head of bike-sharing company Ofo, told Cheddar. Uber has faced a string of stumbles over the past year, from allegations of sexual harassment to a $100,000 payoff to hackers. More recently news emerged that the company had instituted an elaborate system to evade regulatory inspections called “Ripley”. The company’s struggles come as competitors such as Lyft have been gaining momentum. That start-up reportedly saw revenues more than triple in the first half of last year. Both companies are preparing IPOs. Taylor, who owns shares of his former company says he hopes Uber goes public first. For full interview [click here](https://cheddar.com/videos/bike-share-battle-ofo-takes-on-mobike-and-didi-chuxing).

Share:
More In Business
Amazon to iRobot: iCannot Buy You
Amazon blamed "regulatory hurdles" for calling off its proposed acquisition of robot vacuum maker iRobot. Not even a Roomba could clean up the deal's antitrust scrutiny.
Major Tech Earnings Out This Week
Investopedia's Caleb Silver shares thoughts on the upcoming Fed meeting, why individual investors are still slightly skeptical, and what he's looking for from mega cap tech earnings.
Load More