Scandals and growing competition have contributed to the declining value of the transportation network company.
"Numerous outlets had reported in the fall that the company’s valuation would take a hit, after a year that began with a boycott and continued with a gauntlet of scandals that culminated in the replacement of founder and CEO Travis Kalanick with Dara Khosrowshahi," Heny Grabar writes for Slate. Some analysts speculate the loss of valuation stems from a changing competitive and regulatory landscape rather than the company's scandals but, whatever the cause, a change of 30% is a big one.
Grabar writes, "A $48 billion company is nothing to sneeze at, of course. But the prospect of one company at the helm of a profitable, global transportation empire just isn’t looking as likely now as it did at the end of 2015."
FULL STORY: Uber Valuation Down Sharply Since 2015
Hong Kong Cab Hailing App Folds — and Uber Takes Over
HKTaxi launched a year before Uber came to town. Now, it’s shutting down. Lawmakers worry a monopoly looms.
Minnesota Lawmakers Reach Ride Share Compromise
A law awaiting the governor’s signature establishes wage rates for drivers. Ride share companies say if the law passes, they plan to continue service in the state.
Uber Sees Record Ridership, Finally Posts a Profit
The ride-hailing giant posted an operating profit for the first time in its history, thanks largely in part to its successful food delivery business.
Alabama: Trump Terminates Settlements for Black Communities Harmed By Raw Sewage
Trump deemed the landmark civil rights agreement “illegal DEI and environmental justice policy.”
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
The 120 Year Old Tiny Home Villages That Sheltered San Francisco’s Earthquake Refugees
More than a century ago, San Francisco mobilized to house thousands of residents displaced by the 1906 earthquake. Could their strategy offer a model for the present?
Ken Jennings Launches Transit Web Series
The Jeopardy champ wants you to ride public transit.
BLM To Rescind Public Lands Rule
The change will downgrade conservation, once again putting federal land at risk for mining and other extractive uses.
Indy Neighborhood Group Builds Temporary Multi-Use Path
Community members, aided in part by funding from the city, repurposed a vehicle lane to create a protected bike and pedestrian path for the summer season.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Clanton & Associates, Inc.
Jessamine County Fiscal Court
Institute for Housing and Urban Development Studies (IHS)
City of Grandview
Harvard GSD Executive Education
Toledo-Lucas County Plan Commissions
Salt Lake City
NYU Wagner Graduate School of Public Service