He has no current insider knowledge of the workings of the company and the opinions expressed below are his alone. Finally, it meant billions in capital raised, and billions in losses. With the introduction today of Dara Khosrowshahi as Uber's new CEO, it seems likely that much of that ambitious agenda is likely to fade away in the coming years. A similar theory applied in merging Uber's Russia business with Yandex for a minority stake. Suddenly, especially with Kalanick no longer in the CEO slot, every carmaker on earth would likely want to work with Uber.

Source: Forbes August 31, 2017 10:30 UTC