Uber Admits To Past "Mistakes"; Says It Is A "Different Company" Now
As a leaked cache of confidential files illustrated its potentially dubious and illegal means to push into markets around the world, Uber said it will not make excuses for the past but wanted to be judged by its actions in the last five years.
A joint media investigation, dubbed the 'Uber Files', found that Uber used "stealth technology" to fend off government investigations.
Reached for comments, an Uber India spokesperson directed to a global statement the ride-sharing company had issued in response to the investigation.
In the statement, Uber acknowledged "mistakes" in the past and said that the company under CEO Dara Khosrowshahi since 2017, "is a different company."
"We have not and will not make excuses for past behaviour that is clearly not in line with our present values. Instead, we ask the public to judge us by what we've done over the last five years and what we will do in the years to come," the statement said.
While the investigation did not detail specific transgression in India -- a market Uber has been in since August 2013 -- the International Consortium of Investigative Journalists reported how Uber sought to skirt taxi regulations globally and leaned on subsidised drivers and discounted fares that undercut the taxi industry.
It based the investigation on a cache of documents, including unvarnished text and email exchanges between executives, with standouts from co-founder and former chief executive Travis Kalanick, who was forced to resign in 2017 following accusations of brutal management practices.
"There has been no shortage of reporting on Uber's mistakes prior to 2017. Thousands of stories have been published, multiple books have been written - there's even been a TV series," the statement said.
Those "mistakes" five years ago culminated in the termination of several senior executives.
"It's also exactly why Uber hired a new CEO, Dara Khosrowshahi, who was tasked with transforming every aspect of how Uber operates," it said.
"Dara rewrote the company's values, revamped the leadership team, made safety a top company priority, implemented best-in-class corporate governance, hired an independent board chair, and installed the rigorous controls and compliance necessary to operate as a public company," the statement said.
Uber, it said, "is a different company today." It literally is a different company as "90 percent of current Uber employees joined after Dara became CEO." Uber has "moved from an era of confrontation to one of collaboration, demonstrating a willingness to come to the table and find common ground with former opponents, including labor unions and taxi companies," the statement said.
"We are now regulated in more than 10,000 cities around the world, working at all levels of government to improve the lives of those using our platform and the cities we serve," the firm said.
"Among other things, we have invested heavily in safety, developing many of the technologies that are now industry standard and publishing a comprehensive report of the most serious safety incidents," it added.Â
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.