Uber scandal

Uber is not without criticism. In recent years, there have been numerous allegations of sexual harassment within the corporation, as well as concerns about its'stop-at-nothing' strategy to expansion. According to the latter, it used illicit technology to elude law enforcement, steal drivers from competitors, and snoop on users.

However, it was allegations about Uber's "bro" culture that proved to be the most damaging, leading to the resignation of CEO Travis Kalanick in June 2017. Allegations included senior members of staff making sexist comments and visiting a brothel in Seoul. Even though some of the claims were not substantiated, the price of the company's shares, which were traded privately at the time, was influenced. With Uber preparing for an IPO, the company hired a new CEO, Dara Khosrowshahi, to clean up its image and establish a new culture. It went public in May 2019 at $45 per share, for a market capitalization of $69.7 billion.

Date: 2017

Locations: Around the World