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Uber's CEO Kalanick wasn't fired for bad behaviour

Company lost a lot of money under him - US$2.8 billion on US$6.5 billion of revenue in 2016

Published Fri, Jun 23, 2017 · 09:50 PM
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London

AFTER a string of scandals and embarrassments, Uber's embattled CEO Travis Kalanick was forced to resign. The assumption is that he was pushed out for bad behaviour. The truth is more prosaic: the other problems compounded the basic one that he lost a lot of money. Uber lost US$2.8 billion on US$6.5 billion of revenue in 2016.

Many years ago, Fred Wilson, one of the top venture capitalists (VCs) in the world, famous f…

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