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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
U.S. President Donald Trump vowed in a "60 Minutes" interview that the United States would get to the bottom of what happened to a missing Saudi journalist and that there would be "severe punishment" if he was found to have been murdered.In an excerpt from the interview, released by CBS on Saturday morning, Trump said the case of Jamal Khashoggi was "being looked at very, very strongly" and that his administration "would be very upset and angry" if it turned out that the Saudi government had ordered his killing."As of this moment, they deny it and they deny it vehemently. Could it be them? Yes," he said.Khashoggi, a columnist for the Washington Post, went into the Saudi consulate in Istanbul on October 2 to obtain paperwork that would allow him to marry his Turkish fiancée. He hasn't been seen in public since. 829
TULARE COUNTY, Calif. (KGTV) -- Three Cal Fire firefighters based in San Diego were injured after the engine they were riding in flipped over, ABC30 reports. The incident happened around 8:30 a.m. near Avenue 56 and Road 250 in rural Tulare County, the station reports. The driver of the engine reportedly lost control, causing the vehicle to flip over and injuring four firefighters. Three firefighters were injured and taken to the hospital following the rollover. Cal Fire says two of the firefighters have since been released while the third will remain in the hospital overnight for observation. The crew is based in San Diego and were heading home from battling the Creek Fire when the crash took place. 719
Two days after President Donald Trump sidestepped a question about condemning white supremacy during the first presidential debate, the president said he condemns white supremacy and the Proud Boys on Thursday.In a phone interview with Sean Hannity on Fox News, Trump said, “I've said it many times and let me be clear again: I condemn the KKK. I condemn all white supremacists. I condemn the Proud Boys.”When asked to condemn white supremacists on Tuesday during the presidential debate, Trump said, “What do you want to call them? Give me a name. Give me a name?”After being told white supremacists by moderator Chris Wallace and Proud Boys by Joe Biden, Trump said, “Proud Boys — Stand back, stand by, but I’ll tell you what, somebody’s got to do something about Antifa and the left because this is not right-wing problem..... This is a left wing problem."It was hardly a condemnation for a group that is designated as a "hate group" by the Southern Poverty Law Center. It was also Trump's latest attempt to side-step condemning far-right groups, dating back to 2017 when he claimed that there were "fine people on both sides" of racial violence in Charlottesville, Virginia. 1186
UPDATE (6:35 p.m. Wednesday): SDSO says 74-year-old Stan Neff has been located at a local hospital.——————————SPRING VALLEY, Calif. (KGTV) — Sheriff's deputies asked the public for help Wednesday to locate an East County man who disappeared from an assisted living facility.SDSO says 74-year-old Stan Neff was last seen just before 10 a.m. on Tuesday at the facility in the 8900 block of Troy Street in Spring Valley. He may have walked out through a side door.Neff has dementia and tires easily, deputies say. He is described as a white male, weighing about 140 pounds, 5-foot 8-inches tall, and with gray hair. Neff was last seen wearing a blue plaid button-up shirt or white t-shirt, khaki pants, and one loafer shoe and one sandal. He wears wire-rimmed glasses and uses a silver cane with a black handle to travel.Anyone with information on Neff's whereabouts is asked to call the SDSO at 858-565-5200. 913