Big Technology Podcast Ex-Uber Chief Business Officer Emil Michael on Autonomous Driving, Saudi Arabia, and Uber’s Culture
Dec 2, 2020
In this engaging conversation, Emil Michael, former chief business officer at Uber, reveals insider perspectives on the company's cultural upheavals and changes in leadership. He discusses Uber's struggle during the pandemic as car ownership rises, and the implications for ride-hailing services. The challenges of self-driving technology and ethical concerns surrounding autonomous vehicles are explored, alongside the emerging startup landscape created by former Uber employees. Michael emphasizes the need for collaboration in navigating the future of transportation.
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Pandemic Impact on Uber
- The pandemic significantly impacted Uber's ride-hailing business, but its long-term effects are uncertain.
- Urban depopulation and increased car ownership decrease ridership, but some people may switch from public transport to Uber.
Uber's Financial Losses
- Uber's losses stem from substantial R&D spending on autonomous vehicles, stock-based employee compensation, and write-downs of investments.
- They also suffered losses due to the pandemic's impact on global ride-hailing.
Early Uber Driver Onboarding
- In Uber's early days, drivers lacked smartphones, requiring staff to distribute them and explain app usage.
- Now, online recruitment platforms have streamlined this process, increasing efficiency.