Stock Advisory in Indore << Uber said to pick Expedia CEO to lead company out of crisis

Uber Technologies Inc. will appoint Expedia Inc.’s Dara Khosrowshahi as chief executive officer of the global ride-hailing Leviathan, a person familiar with the matter said.

The Expedia CEO is set to succeed co-founder Travis Kalanick, who grew Uber into a $20 billion annual booking business last year, only to resign as CEO in June under investor pressure. Uber and Expedia didn’t immediately respond to requests for comment.

Khosrowshahi will face a number of hurdles as Uber—which has raised more than $15 billion from private investors—navigates its way toward a still-unscheduled initial public offering. The new top executive must grapple with the company’s persistent losses, a high-stakes trade secrets suit filed by Alphabet Inc.’s Waymo, a tarnished brand and low morale among Uber’s more than 15,000 global employees.

Read More

Best Stock Advisory Company in Indore