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).
Apple CEO Tim Cook said Thursday that the majority of iPhones sold in the U.S. in the current fiscal quarter will be sourced from India, while iPads and other devices will come from Vietnam as the company works to avoid the impact of President Trump’s tariffs on its business. Apple’s earnings for the first three months of the year topped Wall Street’s expectations thanks to high demand for its iPhones, and the company said tariffs had a limited effect on the fiscal second quarter’s results. Cook added that for the current quarter, assuming things don’t change, Apple expects to see $900 million added to its costs as a result of the tariffs.
Visa is hoping to hand your credit card to an artificial intelligence “agent” that can find and buy clothes, groceries, airplane tickets and other items on your behalf.
Skift Editor-In-Chief Sarah Kopit discusses how summer travel plans remain uncertain for most as many international travelers are leery to travel abroad. Watch!
