Uber lists competitors like Alphabet and Amazon and addresses past scandals in its filing to go public
In a financial filing from Uber today, the company named competitors to its myriad business, ranging from startups like Zoox and DoorDash, to tech titans like Apple, Alphabet and Amazon."Waymo has already introduced a commercialized ridehailing fleet of autonomous vehicles, and it is possible that our other competitors could introduce autonomous vehicle offerings earlier than we will," the company wrote in the Risk Factors section of its S-1 filing.
Uber also spoke plainly about its losses to-date, and warned investors that it expects operating costs to increase, and that it may not achieve profitability. As of December 31, 2018, Uber had racked up an accumulated deficit of $7.9 billion. In 2017, the #DeleteUber campaign prompted hundreds of thousands of consumers to stop using our platform within days. Subsequently, our reputation was further harmed when an employee published a blog post alleging, among other things, that we had a toxic culture and that certain sexual harassment and discriminatory practices occurred in our workplace.
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