In the past year, is Uber far from the market?

category:Internet
 In the past year, is Uber far from the market?


This investment is Koslow Csathys latest major change in the first year of Ubers whirlwind experience. He has been trying to change the bad reputation of the taxi service company in public. On August 21st, the company announced the appointment of Nelson Chai as its chief financial officer, filling a gap in the companys hierarchy that had existed for months. Under the leadership of Expedias former CEO, Uber has made a major change, all of which point to one thing: it is preparing for an initial public offering.

What has Uber done since he took office, and showed humility. Sarwant Singh, senior partner of market research firm Frost & Sullivan, said: Uber has become more human and humble. Since its new CEO took office, its focus has shifted from market share to thinking sharing and profit growth. Feng Li of the University of Londons Cass Business School agrees. Given the controversy, widespread criticism and court hearings surrounding Uber, he said, Uber has been dealing with a very complex public image relationship over the past year -- the new CEO will help achieve this, and the CFO will help prepare for the IPO.

Kosrosa did not shy away from Ubers IPO plan: three months after he became CEO of Uber, he told reporters that 2019 would be the year he led the company to go public. When Kosrosashi announced the hire of Chay, he said the new man will be my best partner with the entire management team, because we are moving in the direction of listed companies.

Uber has gained huge market share in continuous losses. Now what Uber needs to prove is that it can make a profit and convince skeptical, profligate banks and investors that it is a worthwhile investment. Michael Ramsey, an analyst at Gartner, a market research firm, said, Its obvious, but nobody wants to invest in a company thats not doing well.

Because he represents the companys prudent financial image, it may be easier to achieve. But even if companies do not necessarily have to make profits, the bottom line also needs to look healthier. Theyre a digital company, Li said. If they have a clear vision of where Uber is going, they dont have to make a profit immediately.

Koslow Csathy also had to make many difficult decisions. In February, Uber sold its business in Southeast Asia to Grab, the companys main competitor in the region. By putting pragmatism above pride, Kosrossahi showed wisdom that his predecessor, Travis Kalanick, had not shown. Around the same time, Koslow Csathy also found out another scandal of kalnick, and ended a lawsuit accusing it of stealing commercial secrets from Googles autopilot Waymo. In July, Uber pulled out of the race to build a fleet of self-driving trucks, giving way to Waymo and Tesla. Koslow Csathy also revealed the massive data leak that the last Administration tried to cover up.

During the same period, the company also invested in Jump, a bike-sharing service, Lime, an electric scooter company, and Masabi, a public transport application. The company recognizes that cars are not the most suitable means of transportation for each trip. Ramsey said Kosrossahi stabilized the situation and promoted Ubers transition to multi-modal transport platforms, which I think is the future of transportation.

But at the same time, the company still faces a lot of challenges and needs to be reformed. In March 2018, an autopilot of the company killed Elaine Hershberg (ElaineHezberg). US regulators are investigating whether the software of the car has failed in the accident. In March, U.S. courts also accused Uber of trying to resolve sexual assault charges privately without public scrutiny. (In addition, Uber will pay a total of $1.9 million to 56 former and current employees to settle sexual harassment charges).

In the UK, Uber is facing a lawsuit that may radically change the employment relationship. In addition, although Uber regained its London licence after the Transport for London revoked it, it was closely watched by regulators and told that further improvements were needed.

However, Toyotas latest investment put Ubers valuation at $72 billion, up from $48 billion in December and $62 billion in the last valuation three months ago, almost the same as Facebooks $86 billion valuation when it went public. People arent just buying financial data, Lee explains. Theyre buying the vision of a big company, like Google, Facebook or Amazon. Trading with TOYOTA may come at the right time. For Uber, this is not only a much-needed capital injection, but also a partnership with another established car company. Its a symbiotic deal because in the long run both Uber and Advantage need to survive, Singh said. The IPO plan also coincides with the time. Singh believes that, given the potential growth of the taxi service market in the future, Youbos valuation may be considered very low by financial markets. If the companys valuation is based more on current revenue and future potential than on EBITA profit margins, then it can get a higher valuation from the market, he said. Therefore, it is absolutely commercial significance for Uber to carry out IPO. (Han Bing) source: NetEase science and technology report editor: Zhang Jie _NT5630

However, Toyotas latest investment put Ubers valuation at $72 billion, up from $48 billion in December and $62 billion in the last valuation three months ago, almost the same as Facebooks $86 billion valuation when it went public. People arent just buying financial data, Lee explains. Theyre buying the vision of a big company, like Google, Facebook or Amazon.

Trading with TOYOTA may come at the right time. For Uber, this is not only a much-needed capital injection, but also a partnership with another established car company. Its a symbiotic deal because in the long run both Uber and Advantage need to survive, Singh said.

The IPO plan also coincides with the time. Singh believes that, given the potential growth of the taxi service market in the future, Youbos valuation may be considered very low by financial markets. If the companys valuation is based more on current revenue and future potential than on EBITA profit margins, then it can get a higher valuation from the market, he said. Therefore, it is absolutely commercial significance for Uber to carry out IPO. (Han ice)