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
