Uber rang in its IPO with champagne and mimosas. Then the hangover began. - News Summed Up

Uber rang in its IPO with champagne and mimosas. Then the hangover began.


It also reminded some of a more toxic company culture Uber has been striving to erase, causing something of a hangover. Former U.S. attorney general Eric H. Holder Jr. was hired to conduct a report on workplace culture and diversity at Uber. While Uber’s stock price has fallen since the company went public, it was still a cause for celebration for employees. Late last week, Uber employees received invitations to company IPO parties that would begin at 5:30 a.m. Pacific time, an hour before the ceremonial bell-ringing at the New York Stock Exchange. Employees said champagne geysers erupted, and bottles of liquor from Kalanick’s time at Uber were broken out.


Source: Washington Post May 17, 2019 15:56 UTC



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