how much do you collaborate and how much is dara khosrowshahi involved in grab?rd.: he is on the obviously he is quite busy as you can imagine, but he has been friend in many ways. we bounce ideas off of each other. we have toyota on our board and softbank. emily: do you worry about giving away competitive secrets to the ceo's of big ride hailers in other countries? anthony: no, there is a noncompete with us as long as they are shareholders. emily: and you have no plans to expand outside southeast asia? anthony: no. emily: you do have offices in seattle, which is where we are. any plans to expand in the u.s.? anthony: nope. emily: anything that would change that? anthony: nope. emily: why not? hoo ling: we have an r&d center in seattle, malaysia and bangkok. u.s., china and india -- great tech talent. emily: let's talk about the super app. this is so much more than a ride hailing business. what else -- you are delivering food. what else do you plan to do? hoo ling: we want to create a technology platform that can literally house multiple digital ecosystems and ec

. >> khosrowshahi spent the year cost-cutting, shedding 1000 jobs and rearranging uber. after watching other companies look lackluster since going public, khosrowshahi is now thankful for that debut, telling investors that, thank god we went public when we did. and that was bloomberg's taylor riggs taking a look back on tech ipo's and uber in particular. in 2019, the expectation for these big ipo's, it was supposed to be the year of the unicorn. but as uber demonstrates here, not so much. we have some other names that are hurting quite a bit. take a look at beyond meet, one of the unicorn names that has done well since its ipo. uber and lyft are clearly the bigger losers. uber down 33% year-to-date. lyft down 36.3%. why are these called unicorns? in terms of the mystical animal that you wonder if it exists, that can be true for these companies. should they be trading at huge valuations? investors may suggest not so much. from new york, this is bloomberg. and this is bloomberg businessweek. we are live on bloomberg radio and bloomberg television. carol massar with romaine

it has been rocky under khosrowshahi when the company last reported, listen, they are on track for thebitda profitability by 2021, some bulls grabbed hold of that there was an all great news with the last report either, some metrics came in slightly less than what the street is looking for. the stock took a hard hit that day on bookings and users. kalanick's move here, the systematic selling, you talk about the energy, but it was interpreted by some as perhaps a lack of confidence in the company's future so we'll see how investors react to this headline >> we're looking at video here a moment ago of travis on ipo day, awkward dance between him on the floor along with other members of current management. hard not to think, though, you can't blame a founder for diversifying their portfolio but, liquidating your stake is an indictment. >> i wouldn't necessarily jump to that conclusion this is a fairly interesting -- but very specific situation where i think it was very awkward to have the founder with this substantial ownership stake, who had supposedly rehe li relinquished all management

eric: the company has undergone a cultural shift under dara khosrowshahi.o uber's benefit and detriment. it has kind of slowed down in terms of coming up with new ideas, new, exciting products. on the other hand, the company has tried to crack down. working with regulators and having a discussion. this is exactly the kind of area where the company hopes under dara to be winning. it is unfortunate for the business to make that happen. taylor: to not be hostile, not be dogmatic, but try to create a more friendly working approach. is that the approach they are taking and is it working? eric: i think dialogue, working with cities, countries of estates everything in between, but when they disagree, coming out and saying it. you do see, in the california fight over independent contractor rules, they did sort of say, the referendum, we will put money behind it. we are a company that will throw our weight around more than they might have had after travis kalanick left the job and their reputation was in tatters. i think they are still trying to play the cooperative

. >> ceo dara khosrowshahi says that eats needs to be the number one or number two player where theyey'd get out in india, uber is reportedly close to doing just that, selling its service to local rivals different reports have put the price tag at between $400 million and $500 million but here in the u.s., uber is third in terms of market cap to door dash and grubhub. if they can close that gap, khosrowshahi has suggested it might be worth waiting out, but will investors get impatient despite today's pop on news, shares are about 30% below its ipo price. back to you. >> thanks so much for that the market would love if it could be in a position where it was always the lead and didn't have price competition it's a long haul journey for uber to do that. >> i think that's great discipline i think the difference between the lyft story and uber story is that lyft is a pure play on ride share in north america, where uber is doing all things to everybody all over the globe i think investors will cheer them. >> let's get it over to rick santelli >> double that three and you're up six on the t

uber ceo dara khosrowshahi tweeted quote i suspect many people will be surprised at how rare these incidents are others will understandably think that they're still to comment. some people will appreciate how much we've done on safety others will say that we have to do more. they will all beef right. uber is making a few changes in response, there is now an emergency button that directly connects to 911 and they're also going to be doing more background checks on drivers more often plus the company will share their information with other ride hailing services for the most serious offenders pam. thank you l a. >>happening now the desperate search for rocky is not over first told you about rocky on monday the little dog went missing out of. >>castro valley over the weekend after somebody stole him during a car break into the safeway parking lot off of east castro valley boulevard the owner says that she received a call this week that rocky was found dead near interstate 5 80 in castro valley, but in an interesting turn of events the owner still has hope for sale of the second has been followin