Uber — a bezzle — projected $8b in losses this year; but it lost more than $5b in a single quarter, and despite an initial stock price rise (dead cat bounce?) the company's shares have tumbled by more than 10% since, hitting an all-time low. Engineers who were scheduled to interview at Uber have had those interviews canceled by the company's HR department, who told them the company now has a tech-worker hiring freeze. (Image: Tarcil, CC BY-SA, modified) (via Naked Capitalism)
As Uber's stock craters amid billions in unanticipated losses, a hiring freeze on engineers
Uber — a bezzle — projected $8b in losses this year; but it lost more than $5b in a single quarter, and despite an initial stock price rise (dead cat…
Brooks Brothers bankrupt
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Short Post, just one paragraph
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Save 50% on a 1-year subscription to Dashlane's premium password manager
Disclosure: Boing Boing earns a commission on purchases made through links in this post. We all know vital information about ourselves and our private digital accounts can be compromised by… READ THE REST
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