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 the 2021 boom, IPO activity slowed down significantly, in part due to monetary policy – but things are getting moving again with tech-friendly companies like Iboutta and Rubrik making a public debut.
With an increasing demand for mental health services, one person wanted to change the therapy game. In 2017, CEO Alex Katz founded Two Chairs, a company that uses technology to match patients with the right therapist.
Not only is April Financial Literacy Month, it’s also the kickoff of the spring homebuying season. So now is the time to make sure you have a financial plan in place – and why it might not be wise for that to include buying your first home.
While the U.S. may slowly be on the path to lowering inflation (and therefore interest rates), Europe has thoroughly trounced America, putting it on the path to lower rates by this summer.
April's release of the monthly Housing Starts and Building Permits reports by the Census Bureau provides crucial insights into the construction activity in the housing market. These reports are an economic indicator, shedding light on the current state of the housing market and its broader economic impact.
Caitlin Clark is heading to the Indiana Fever, the number one draft pick and the highest-scoring college basketball player of all time. And while she may not be getting millions from the WNBA, there's a few ways she'll net compensation for her generational talents.
Author of 'Clean Meat,' Paul Shapiro joins Cheddar to discuss how the cellular agricultural revolution helps lower rates of foodborne illness and greatly improves environmental sustainability. Plus, how his company The Better Meat Co. is bringing healthier food options to the table.
Recent headlines might make it sound like World War III is imminent, but when it comes to your finances, it's not the time to panic. The market is coming off its longest winning streak since 2011.
