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Briefing
uber/lyft

Uber CEO: Company Can Survive Worst Case Scenario

By
Amir Efrati
· · Source: The Information

Uber shares jumped 38% after Uber CEO Dara Khosrowshahi sought to reassure investors Thursday morning, saying that Uber has more than enough cash to survive even in a worst case scenario. Shares of both Uber and Lyft had plummetted sharply in the past few weeks—Uber was down 60% to a low of $14.82 on Wednesday. But in a 35-minute conference call with Wall Street analysts, Khosrowshahi said that...

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