New Uber CEO Dara Khosrowshahi: 5 things to know

Dara Khosrowshahi Uber

Dara Khosrowshahi Uber

Uber has publicly commented on reports of Khosrowshahi's job offer. Meg Whitman of Hewlett Packard Enterprise and Jeff Immelt of General Electric were also on the list.

Whitman said in June that she wouldn't move to Uber.

Expedia has a market capitalization of $22.6 billion, far less than the $68.5 billion valuation ascribed to Uber by its private investors, despite its large and continuing losses.

Khosrowshahi is now a member of the boards of directors of Fanatics Inc. and The New York Times Company, and of the supervisory board of trivago, NV, a majority-owned subsidiary of Expedia.

Mark Zuckerberg may be considered a product visionary, but Facebook's chief operating officer, Sheryl Sandberg, is widely credited for helping grow the company's moneymaking business.

The Iranian-born Khosrowshahi was a popular figure within Expedia, according to a report by Recode. He has also proven capable of making Expedia the leader in another industry full of change and competition - online travel.

As CEO, Khosrowshahi will be tasked with helping Uber pick up the pieces after a tumultuous year defined by scandal, departures and lawsuits.

Khosrowshahi, 48, has worked at IAC/InterActiveCorp. for many years and led Expedia after its spinoff from IAC in August of 2015.

Khosrowshahi - who has worked with Barry Diller and IAC for almost 20 years - will have the tall order of rebuilding Uber's reputation after a tumultuous year in which the company's business practices and culture have come under fire.

Last week, Uber said its sales reached $1.75 billion in the second quarter, up 17% from the previous quarter.

For example, Google self-driving vehicle division Waymo sued Uber and its chief autonomous auto architect, Anthony Levandowski, charging that Uber knew Levandowski had stolen proprietary tech from Google before he sold his self-driving truck company, Otto, to Uber last summer.

The company released its latest financial results after several mutual funds marked down the value of their stakes in Uber following a slew of PR crises.

But Uber's future became murkier this year when the company was pummelled by scandal after scandal, including sexual harassment accusations in the workplace, a Department of Justice criminal investigation into some of its methods, and an intellectual property dispute with a self-driving auto rival. The company needs a new CFO, COO, CMO, and president. A number of other Uber executives recently left the firm, including its president.

Immelt had been backed by Kalanick for the position, while Whitman was backed by Benchmark.

Uber's search for the next CEO has finally seen a conclusion.

"Kalanick's overarching objective is to pack Uber's Board with loyal allies in an effort to insulate his prior conduct from scrutiny and clear the path for his eventual return as CEO-all to the detriment of Uber's stockholders, employees, driver-partners, and customers", Benchmark said in the complaint.

As Uber struggles, its competitors have been mobilizing overseas and at home.

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