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).
After stumbling out of the starting gate in Big Tech’s pivotal race to capitalize on artificial intelligence, Apple tried to regain its footing Monday during a developers conference that focused mostly on incremental advances and cosmetic changes in its technology.
Six weeks before UnitedHealthcare CEO Brian Thompson was gunned down outside a Manhattan hotel last December, Luigi Mangione mused about rebelling against “the deadly, greed fueled health insurance cartel” and expressed that killing the executive “conveys a greedy bastard that had it coming."
Shaquille O’Neal and Allen Iverson once clashed on the court in the 2001 NBA Finals, but now the basketball legends are joining forces to revive the Reebok brand they helped make iconic.
Midea is voluntarily recalling about 1.7 million of its popular U and U+ Smart air conditioners because pooled water in the units may not drain fast enough, leading to mold growth.
Jeremy Fox-Geen, the Chief Financial Officer at Circle, joins Cheddar for a one-on-one interview as the company's stock surges on its first day of trading.