Uber rang in its IPO with champagne and mimosas. Then the hangover began.
Quote:
SAN FRANCISCO — Uber shut down a party at a satellite California office and at least one employee resigned after some celebrations marking its initial public offering last week got out of hand, according to current and former employees, a setback for the company’s efforts to change its corporate culture.
Those people said that the celebrations, which kicked off with company-provided mimosas on the day of one of the largest public offerings in recent history, made them feel uncomfortable and seemed immature — especially as Uber’s stock price plunged, erasing billions of dollars of value. It also reminded some of a more toxic company culture Uber has been striving to erase, causing
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https://www.washingtonpost.com/techn...=.f4601c7aa73e
https://help.lyft.com/hc/en-us/categ...ving-with-Lyft
A new boy in town?
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