2019 IPO Unlikely for Uber Despite New CEO

Between conflicts with taxi drivers, a sexual harassment investigation and a lawsuit filed by Google over the use of robocar technology that may already be patented, this has been a tough year for ride-sharing company Uber. Ongoing negative press has hurt Uber, and its financial position is not improving. The company lost $645 million between April and June of 2017, causing investment funds to mark down the value of Uber by as much as 15 percent.