Investors claim employees use fake up dates to frontload revenue by millions of dollars in financial reports given to investors. Katera hired a law firm to investigate this internally, and the c e o and cofounder,. michael mark, stepped down in may f twenty two. Soft bank injected two hundred million in what's called a rescue financing. This wiped out the stakes of other investors. The company goes from a four billion dollar valuation less than four hundred million.
Jason covers the bankruptcy of the Softbank-backed construction startup Katerra, Bill Ackman's Universal Music SPAC, then interviews Uber CEO Dara Khosrowshahi about portable benefits for independent contractors, the expanding UberEats business, local commerce and more!