Dara Khosrowshahi is the new man behind Uber, elected as the new CEO.
To succeed, he needs to kill two birds with a single stone.
He needs to win at “inner game” first, that is possible only if the man succeeds in removing internal barrier and secondly succeed in the “outer game” too by increasing the net profit worth.
Khosrowshahi is no stranger to competitive pressure.
The man battled successfully to take Expedia to the category of one of the most profit making companies.
What Helped Khosrowshahi Succeed in Winning the Heated Battle At Uber?
On the surface, this appears to be a near perfect system as Uber capitalizes on the under-utilized resources that are already within the environment rather than providing a service that requires them to source a fleet of vehicles on their own tab.
Need for On-demand Ridesharing App Platform using E-Bikes
However, there is one major flaw, travel in the big city especially during rush hour does not easily accommodate large and cumbersome vehicles as roads are typically congested and underground trains do not offer a direct route in most cases.
E-bikes Will Bring Mobility to the Travel Industry and the Sharing Economy
Sometimes we get caught in a situation where the traffic is a too heavy drive, but our destination is just too far to walk, travel time not even considered.
The obvious advantage to electric bikes and scooters here is that what they lack in the amount of power a car has, they make up for it with maneuverability that almost matches walking.
Uber on Thursday reported second-quarter earnings that widely missed Wall Street expectations.
The ride-hailing giant lost $4.72 per share on revenues of $3.17 billion.
A big chunk of Uber's massive $5.24 billion loss was because of stock-based compensation from its initial public offering earlier this year.
Follow Uber's stock in real time here.
Here are the important numbers:
Earnings per share (GAAP): -$4.72 versus -$3.23 expected
Anurag Rathod is an Editor of Appclonescript.com, who is passionate for app-based startup solutions and on-demand business ideas.
Uber, an app for passengers and drivers which provides amazing services to their customers and always has persuaded to hit around the backwoods and provide with the blurry answers to the questions when it is related to the financial status.
Even during the phase of strong opposition from the competitors and various cases against its security, safety and employment policies, Uber somehow managed to come out of the muddy allegations and again turned out in the form of a shining and crushing brand.
Uber rider can be sued and kicked to the court, the ride-sharing company Uber planning to deactivate the passenger with low ratings.
First Uber will send tips to the passenger on how to improve their ratings such as asking the drivers to increase the speed, leaving trash in the car and also this encourages to the polite behavior in the passengers.
In the memo which he sent to the employees Mr Khosrowshahi writes’’, “Obviously our stock did not trade as well as we had hoped post-IPO.” He also remarked that Monday was another a tough day in the market.
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