Two top Uber executives are departing the company, just a month after the the company's disappointing initial public offering. Chief Operating Officer Barney Harford and Chief Marketing Officer Rebecca Messina are leaving the company, Uber revealed in a regulatory filing after the close of business on Friday. The moves are a signal that Uber CEO Dara Khosrowshahi is tightening his grip on the wheel at the ride-share firm in the wake of a bumpy stock market debut. After debuting at $45 for the initial public offering - translating to a market value of $82 billion - Uber shares went into reverse, plunging as much as 18 per cent on the first day of trading. Uber shares that ended the formal trading day down slipped 1.2 percent to $43.63 in after-market trades.

Source: Daily Mail June 08, 2019 03:03 UTC