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).

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Tesla’s profit fell in third quarter even as sales rose
Tesla, the car company run by Elon Musk, reported Wednesday that it sold more vehicles in the past three months after boycotts hit hard earlier this year, but profits still fell sharply. Third-quarter earnings fell to $1.4 billion, from $2.2 billion a year earlier. Excluding charges, per share profit of 50 cents came in below analysts' estimate. Tesla shares fell 3.5% in after-hours trading. Musk said the company's robotaxi service, which is available in Austin, Texas, and San Francisco, will roll out to as many as 10 other metro areas by the end of the year.
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