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The Ex-boss of Uber is investing in kitchens

In a well-known song, it means that a new love is like a new life. But it's not over is true, of course, that everything that once was, and is forget about it

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The Ex-boss of Uber is investing in kitchens

In a well-known song, it means that a new love is like a new life. But it's not over is true, of course, that everything that once was, and is forget about it and not does not count – especially if it is in this love a Person, but a company. Travis Kalanick founded ten years ago together with Garrett Camp, the transport service intermediary, Uber , he said of the company: "I love Uber more than anything else in the world."

This is over and forgotten, and no longer counts, Kalanick has sold in the past few weeks, Uber shares with a value of 1,8 billion dollars – on the weekend, there were 3.2 million shares for $ 93 million.

Uber-share price on eerie descent

It's not unusual for the founder to sell after the expiration of the lock-up period for existing shareholders after the IPO, some of the shares; the Camp, for example, has shares in the amount of 35.2 million dollars sold. Amazingly, the enormous sum, as well as the rumors that Kalanick could also sell the remaining 33 million shares. The are, however, only about 950 million dollars in value, Kalanick has sent the Uber-course sales to a record decline. In the meantime, the price per share stood at just under 29 dollars, so low as never before, and significantly below the issue price of 45 dollars.

Kalanick had been filmed, as he was visibly offended by drunk driver.

The 43-year-old Kalanick acts like the Abandoned, the thrown away all memories of the Ex-Partner and at the same time bragging about how formidable is this new life now. As a reminder: He was entered in June, 2017 as managing Director back, there had been Trouble because of the apparently rather misogynistic corporate culture, false billing for Uber drivers and the Spy on the competition – and also because of the erratic behavior of Kalanick. He had been filmed, for example, as he was visibly offended by drunk driver.

The Old an egomaniac, the New to nice

He was regarded as a ruthless egomaniac, which is in Silicon Valley for so long is a compliment, until it hurts the company. His successor, Dara Khosrowshahi, the just bought Uber shares with a value of $ 6.7 million and the company culture has dramatically improved, and is now regarded as too nice to lead a company such as Uber.

The IPO was disastrous, in August, the company reported a quarterly record loss of 5.24 billion dollars. It means that many employees would prefer a boss like Kalanick, the undeterred and without consideration for the benefit of the share price is acting.

the Fund 10100 he calls "a home for my passion, ideas and big bets".

Kalanick, however, seems to want to completely, point to distance, and a new love he has found already. He has invested in it is called via its funds 10100 – the he "a home for my passion, ideas and big bets" – $ 300 million in Cloud-Kitchens. The company rents industrial kitchens, delivery services without a connected Restaurant. The company is assessed according to a 400-million Dollar round of financing through the public investment Fund of Saudi Arabia, is also involved in Uber, with 5 billion euros.

The next Revolution in the tech industry

The gastronomy is considered to be the next industry to be revolutionized by the tech industry. There are delivery services like Doordash, Grubhub, Postmates, and Uber Eats. The Uber-daughter has experimented in Paris with "virtual Restaurants", so kitchens are produced, in which food exclusively for home delivery services, because that is more profitable than a real Restaurant.

Kalanick competes directly with a division of his old company, and he has been warned by Uber in the last year, please be nice to poach any employees. He seems a little impressed. A new love is like a new life.

Created: 05.12.2019, 21:54 PM

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