The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 22 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Khosrowshahi: Uber's investment in self-driving division ATG was a mistake
“Where we got it wrong was when we went outside of our core. So for example, we had a very large self-driving business, ATG, trying to develop autonomous tech, and that wasn't what we were passionate about every day, and it was outside of the core, and ultimate…”
Khosrowshahi: Uber Eats is as big as DoorDash globally
“Uber Eats is actually as big as DoorDash on a global basis, and so when we think about Uber, we think globally, right? And we are the global leader along with DoorDash.”
Khosrowshahi: Best Travis legacy was talent; worst was brand damage
“Best thing I'd say is is a bar for talent. Travis went after incredibly talented people, and I got to keep some of them, which is great. Worst thing, I think it was just the brand damage as it related to Uber, the enterprise.”
Khosrowshahi: Agreeing with your team on obvious choices yields average performance
“If you're agreeing with your team, and you're doing what is obvious, then essentially you're going to perform a in an average way, your output will be average. As a leader, you have to be willing to kind of bust out of the obvious, do something non-obvious, di…”
Khosrowshahi: Uber's past allocations into hardware products were a mistake
“We're not particularly good in hardware, and I think our investment or the capital that we allocated in hardware in the past was a mistake.”
Khosrowshahi: Uber Eats initially bet on the wrong delivery strategy
“So I think the biases that we had Which is coming from an urban rides business that was all about the five minute ETA, made us early on bet on the wrong thing.”
Khosrowshahi: Predictable delivery ETAs beat fast delivery with fewer choices
“As long as you're accurate in the prediction of the delivery time, as long as you let the person know, Harry, that your delivery is going to come in 35 minutes, if it gets you in 35 or 40 minutes, most people are fine with that, because then they can plan acco…”
Khosrowshahi: Kareem and Transplace acquisitions are or will be major hits
“I would say probably Kareem or there's a, we're pretty early on in terms of development, but a, an acquisition that we made in with Uber Freight Transplace, which really runs the logistics outsource logistics function of a lot of companies out there. Both of t…”
Khosrowshahi: Uber will focus exclusively on software moving forward
“I will tell you right now, based on everything I see, we're going to stay squarely in software, because we're really, really good at it.”
Khosrowshahi: Uber slowed feature updates for drivers to avoid payment errors
“We've actually slowed down in terms of some of the velocity of features that we ship for our earners, right? So it's, we're iterating constantly as it relates to eaters, riders, et cetera trying X out or trying Y out. But as it relates to earners, this is how …”
Khosrowshahi: Society has gone soft by protecting kids from adversity
“If you're protecting your kids from adversity, is not doing them any favors, because the real world, you know, is, can be really difficult. And I think the same applies with our generation, which is have we gone too soft? Yeah, of course we've gone too soft. I…”
Khosrowshahi: Travis Kalanick will lead dark kitchen success if anyone does
“He has a, he's built a dark kitchen company that we do work with, and I think it's the biggest dark kitchen company out there, so if anyone succeeds in that area, I think it'll be Travis.”
Khosrowshahi: A CEO's job is to make mistakes and learn
“If I didn't want to make mistakes, I'd be a treasury bond manager, right? Like, my job is to make mistakes and learn from them.”
Khosrowshahi: A great CEO's legacy is defined by post-departure performance
“The hallmark of a great CEO is isn't necessarily how the company did while the CEO was there, but also how the company performed after the CEO left.”
Khosrowshahi: Uber completed two billion trips in the previous quarter
“Now in this last quarter, two billion times a quarter.”
Khosrowshahi: Uber lost 85% of volume overnight while losing $2B
“You know, we lost 85% of our volume overnight, and the business was already losing two billion dollars.”
Khosrowshahi: Family ambition stems from rebuilding after Iranian Revolution
“God, it's I do think that the events of Iran and our family losing everything, and we had a huge family, big family business, etc., I don't know if it's something that we're running from, but I think the whole family to some extent is running to rebuild essent…”
Khosrowshahi: Uber provides income to over five million earners globally
“You know, we are an incredibly important entity in terms of Transportation and cities in terms of earning power for over five million earners.”
Khosrowshahi: Australia is overall Uber's best geographic market
“Overall for Uber, I'd say Australia is, is the best market.”
Khosrowshahi: Postmates backend integration enabled aggressive cost cuts for Uber
“While Postmates as an app is still in the app store, they've got millions of loyal customers, all of the backend is essentially being served by our infrastructure, which allowed us to save pretty aggressively as it related to the cost side.”