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Uber's IPO will likely arrive before the end of the decade.CEO Dara Khosrowshahi confirmed on Thursday that the company's "target" is to go public in 2019. The move is a departure from his predecessor, Uber co-founder Travis Kalanick, who had tried to put off an IPO as long as possible."We have all of the disadvantages of being a public company, as far as the spotlight on us, without any of the advantages of being a public company," Khosrowshahi said on stage at the New York Times DealBook Conference in Manhattan."Travis and the whole board now agree that we should just go public," he added.Uber currently has a valuation of billion, which makes it the most highly valued startup in the world. The company has raised more than billion in capital since its founding in 2009.SoftBank, the Japanese conglomerate, has also been in discussions with Uber for a massive private investment expected to total in the billions. Khosrowshahi expressed confidence about getting Uber's entire board on the same page and closing the deal."There's negotiations going on," he said. "They've probably taken longer than they should have, but we're gonna get there."The event marked Khosrowshahi's first extensive interview since taking over as Uber's CEO two months ago. In the conversation, he spoke candidly about his early doubts about the job given Uber's numerous PR crises at the time."It was this media circus that honestly I didn't want any part of," said Khosrowshahi, describing his initial feelings when he received a call about the CEO search. Khosrowshahi was then the CEO of Expedia. A friend, Spotify CEO Daniel Ek, later talked him into taking the opportunity seriously.Before joining the company, Khosrowshahi reviewed the company's financial and legal issues, as well as reading the blog post from a former engineer that rocked Uber with allegations of sexual harassment. However, he did not ask to read a report on the failures of Uber's reckless company culture put together by former U.S. Attorney General Eric Holder."The culture went wrong, and the governance of the company went wrong and the board went in a very bad direction," Khosrowshahi said. "But if the product is good, then if you can bring in good leadership, you can ultimately bring it together."Earlier this week, Khosrowshahi published a new set of "cultural norms" for the company, replacing Uber's "win at all costs" mentality with greater emphasis on corporate responsibility and inclusion. One of the norms: "We do the right thing. Period."But one of the biggest obstacles for Khosrowshahi's turnaround effort at Uber may be Kalanick. The former CEO continues to serve on Uber's board. In late September, Kalanick blindsided the company by using his power to appoint two new board members.Khosrowshahi admitted Kalanick wants to be more a part of the company than he currently is."It's a good relationship, but it comes with balance. What I told Travis very early on is that any new CEO needs space and needs distance from the old CEO," Khosrowshahi said. "I was a little worried about that conversation, but actually he took it very well and he's been very respectful."Khosrowshahi said he does anticipate leaning on Travis for insights on the business at a later date. "Over a period of time," he said, "I would be foolish not to use Travis's incredible genius and his knowledge that really was largely responsible for getting the company to where it is now." 3463
University of Maryland's football coach and athletic director will keep their jobs after an investigation into the death of Jordan McNair, a 19-year-old offensive lineman who died of heatstroke two weeks after taking part in an offseason conditioning session.The announcement was made Tuesday by the University System of Maryland board of regents.Wallace D. Loh, president of the University of Maryland, said he planned to retire next year after helping implement reforms that improve the well-being of athletes.Coach D.J. Durkin and some members of the athletic staff have been on administrative leave since August. The university parted ways with its strength coach, Rick Court. 688
UPDATE August 25, 5:23 P.M.: The City of El Cajon told 10News Tuesday that the city has always allowed the public to use its public spaces within parks without a permit. The city also said it has extended the stance to commercial uses.SAN DIEGO (KGTV) -- Amid new COVID-19 restrictions, some local churches and gyms are expected to begin using San Diego's parks to conduct operations outside beginning Monday morning.City Councilman Chris Cate proposed the idea in mid-July, and the San Diego County Board of Supervisors approved a similar ordinance for county parks on Aug. 5.The ordinance means the City of San Diego's more than 300 parks, 26 miles of shoreline, and 57 recreation centers could be used for gyms, fitness classes, and worship services, however social distancing and face coverings are still encouraged.The ordinance defers park permit fees for 60 days. Mayor Kevin Faulconer will bring an ordinance to the council once it is back in session in September to make the waiving of fees permanent.This latest move is Faulconer's third executive order allowing for some businesses to operate outside.Previously, he had allowed for some retail and restaurants, and subsequently for gyms, barbershops, hair salons, and massage businesses to expand to sidewalks and private parking lots.In Poway, officials approved a plan to share park space with places of worship and fitness centers. 1404
VENICE, Fla. -- A Florida pet groomer is under investigation by the Sarasota County Sheriff's Office after a recent video of alleged animal abuse surfaced on social media.The video taken by former Happy Puppy Pet Spa employee Briana Brady, shows another employee putting both hands around a dog's neck and laying it down on the table, leaving Brady to label the action as animal abuse. Brady first witnessed the alleged abuse when another dog left the salon with a broken jaw.“The dog was picked up by the throat, choked, shaken and then his head slammed on the table,” Brady said describing the video.The viral Facebook video has over 250,000 views. Brady worked at the Spa for four weeks prior to posting the video on social media.“It was very hard for me to witness any of that happening," Brady said through tears.The woman in the video who owns the spa, Phyliis Lucca has a different perspective. She claims that her actions weren't abuse, but instead necessary steps for the dog's overall health."If you see the video, I know it looks bad, but that’s not what I’m doing," Lucca explained. “What the dog did was pass out and she faints and what I did was hold her head and shake her. That’s all.”Two weeks prior to the video going public, a puppy named Pumpkin left the spa with a broken jaw and bruises all over his stomach.Lucca claims that Brady was the one responsible."The only one that was in the room alone, with the dog, was Briana.”However, both Brady and Pumpkin's owner, says they believe Lucca was the only one who could've have harmed the dog. The Spa owner hopes to move forward and survive the blow to her business.“If I get through this, I won't have another groomer in the store because nobody can be trusted now.”Brady and Pumpkin's owner say they will be pressing charges against Lucca. 1853
UPDATE (3 p.m. ET): Kentucky police are looking for a driver that hit two brothers crossing a busy intersection to get to their bus stop, authorities say.The 11-year-old and 13-year-old were struck at around 6:30 a.m. Wednesday in Louisville, Kentucky.It was at least the sixth time in three days that children were hurt or worse at a bus stop. The other incidents occurred in two cities in Florida, Mississippi, Indiana and Pennsylvania. ORIGINAL STORY: A driver was in custody and five people were rushed to the hospital Thursday after a vehicle struck students at a school bus stop in Tampa, police said.It was at least the fifth time in three days that children were hurt or worse at a bus stop. The other crashes occurred in Mississippi, Indiana and a second Florida city; in another Thursday incident, an apparent hit-and-run in Pennsylvania, a second-grader was reportedly left dead on the side of the road.In the Tampa crash, witnesses said a vehicle driving at a high rate of speed in a residential area hit several pedestrians on the side of the street, Tampa police spokesman Eddy Durkin said. 1122