Uber Founder Travis Kalanick Resigns as C.E.O.
This may kill Uber. Kalanick is a jerk, but he created that insane valuation. Uber has less than a year of runway left at their current burn rate. Unless they can find a bigger sucker than the sovereign wealth fund of Saudi Arabia,[1] they're going broke in 2018.  (That "undisclosed amount" in 2017 isn't a significant investment on Uber's scale.)IPO? No way. They'd have to publish audited numbers. What's leaked out is bad enough. The real numbers have to be worse.  Notice that leveraged loan in 2016.[2] All the details of that have to be disclosed in the prospectus for an IPO.[1] https://www.crunchbase.com/organization/uber/funding-rounds
[2] https://techcrunch.com/2016/07/07/new-reports-confirm-1-15b-...