In his first address to Uber's employees, incoming CEO Dara Khosrowshahi said Uber had to change to move forward. When it comes to Uber's business, he said he plans on focusing on the core ride-hailing business to "pay the bills" and also work on taking big shots. According to news site Axios, Khosrowshahi put Uber's IPO timeline between 18 to 36 months from now, signaling a 2019 IPO for the company at the earliest. A spokeswoman from Expedia told Forbes that it has no indication that its CFO Mark Okerstrom is leaving the travel company. Khosrowshahi is taking over Uber at a critical and vulnerable time for the company.

Source: Forbes August 30, 2017 18:56 UTC