Disclosure
Khosrowshahi: Uber will never cap driver onboarding to protect earnings
“No because one of our core philosophies is this is an open platform, and if your background check comes in okay, et cetera, then you can have access to earnings opportunities.”
Disclosure
Khosrowshahi: Uber intends to wire up every single taxi globally
“There are four and a half million taxis in the world who would imagine that Uber will be working with taxis, but we're going to wire up every single taxi in the world.”
Assertion Not checkable as stated
Khosrowshahi: Son threatened to invest billions in Lyft if Uber rejected SoftBank
“SoftBank wanted in, and in typical MASA fashion, it was like, hey, if you don't let us invest in you, we're going to invest in that pink company, right?”
Prediction Open · timeframe Jun 2033
Khosrowshahi: Autonomous vehicles will take 10 years to become material in transportation
“My instinct is that you will see small scale continued experiments kind of get bigger over the next five years, but it's going to take a good 10 years for it to be a material part of our network or transportation at large. But that's a guess.”
Insight
Khosrowshahi: High Take Rates Are Dangerous for Marketplaces
“So, I will answer somewhat seriously, which is high take rates are dangerous. So, our job as a company is to grow volume as much as we can, as fast as we can. And make your shareholders happy enough. Yep. Minimizing the take rate, which is taking as much of th…”
Assertion Not checkable as stated
Khosrowshahi: Uber Is the Largest Source of Work in the World
“I think we're the largest source of work anywhere by far, and growing pretty fast.”
Insight
Khosrowshahi: Uber's ML matching efficiency yields roughly 5% annual throughput growth
“Every year when I can't speak to how our competitors are matching and pricing, but every year matching and pricing probably improves by five percent a year. So you improve your, the marketplace throughput by about five percent.”
Assertion Partly supported
Khosrowshahi: Year-over-year Uber ride prices are down as supply outpaces demand
“Now, in this environment, where we are adding supply faster than demand because the supply is really coming into the marketplace, prices in Uber now, year on year, are down.”
Assertion Supported
Khosrowshahi: Uber eliminated all dual-class super-voting shares for SoftBank deal
“We literally had to, like, get everyone to agree to blow up the high vote shares. I think it's actually the only time when tech, a tech company like, they blew up all of the high votes.”
Assertion Supported
Khosrowshahi: IAC closed Expedia acquisition post-9/11 with zero deal changes
“No changes to the deal. It's like, we're gonna do this.”
Assertion Supported
Khosrowshahi: Uber lost 85% of mobility volume while bleeding $2.5B during pandemic
“85% of your mobility volume, which was the profit driver of the company falls off a cliff. And Other CEOs, you know, they lost a ton of business, but most of these businesses were profitable. We were losing two and a half billion dollars, and then it just got …”
Assertion Not checkable as stated
Khosrowshahi: Rides drives more new Eats customers than all external ads combined
“Yeah, we get more new customers from Arise than we do From Google, Meta, Instagram, you know, all of these other channels combined.”
Assertion Not checkable as stated
Daniel Ek referred Khosrowshahi for the Uber CEO role
“And then I was at the Sun Valley Conference, the Allen & Company Sun Valley Conference. And having drinks with Daniel Leck. And he's like, Dara, you know, did you get the call from a headhunter about the Uber job? I think you'd be perfect for the job. And I di…”
Assertion Not checkable as stated
Barry Diller helped edit Khosrowshahi's Uber CEO presentation
“He's like, show me the presentation. It was a PowerPoint. So I showed him PowerPoint. And he actually helped me in the PowerPoint. He's like, this is good. This is good. You have to add, add this page. So it's just, it shows you the kind of person he is, which…”
Insight
Khosrowshahi: Former CEOs on boards create hesitancy for new leadership
“The job of the new CEO to some extent is to be the CEO and do something different from the old CEO. Like that's definitional and the, you know, a little bit about that. Yeah, exactly. There could be hesitancy at a board meeting, et cetera, because the Old pers…”
Assertion Supported
Khosrowshahi: Travis Kalanick sold all his Uber shares after lockup expired
“After the IPO, after the lockup, Stayed. Travis sold all his shares.”
Assertion Not checkable as stated
Khosrowshahi: NYT's subscription bet was not supported by data or financials
“I think that the bet that they made in quality was very much a bet on their identity That wasn't backed up by data, and certainly wasn't backed up by their financials, but the company went all in and, ah, they really benefited.”
Assertion Supported
Khosrowshahi: Uber has 5.6 million active drivers and couriers
“5.6 million drivers and couriers who are earning on our platform.”
Assertion Supported
Khosrowshahi: DoorDash is larger than Uber Eats in the US
“Like DoorDash is larger than we are in the US.”
Assertion Supported
Khosrowshahi: Walmart uses Uber's fulfillment services without joining its marketplace
“So for example, Walmart, Isn't in our marketplace because they're Walmart, they have an incredible brand, et cetera, but they use our fulfillment services”
Disclosure
Khosrowshahi: Uber treats a rideshare fulfill rate below 98% as a disaster
“If you look at our ride share service, for example, if our fulfill rate Which is the percentage of the time someone asks for a ride, and then there's a car available, if that's less than, call it, 98%, that's, like, all hands on deck. Like, it's a disaster.”
Assertion Supported
Khosrowshahi lowered Expedia's take rates from 25% to 17%
“When I started Expedia, Expedia's take rate was 25%, and Booking's take rate was 15. And over, like, a torturous 13 years, we took Expedia's take rate from 25% to the teens. It was, like, 17, I think, or so when I left.”
Assertion Supported
Khosrowshahi: Diller Launched Hostile QVC Bid to Acquire Paramount
“Sumner Redstone, who was running Viacom, had come to an agreement to buy Paramount Pictures, which was Barry's old home, and Barry thought that he was getting a steal, so he decided to go after Paramount in a hostile tender offer, to come in as kind of a third…”
Dara Khosrowshahi