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View Full Version : Uber rang in its IPO with champagne and mimosas. Then the hangover began.


Gerald
05-17-19, 03:47 PM
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 https://www.washingtonpost.com/technology/2019/05/17/uber-rang-its-ipo-with-champagne-mimosas-then-hangover-began/?utm_term=.f4601c7aa73e


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