In May of 2019, Uber was on the upswing. The ride-hailing company was about to go public and its initial public offering was valued at more than $120bn. However, in the lead-up to its IPO on May 9 of that year, it pared back its valuation to $75bn and on the first day of trading, the company’s share price dropped more than 9 percent.
Concurrently, the company’s research and development teams ramped up ambitious projects — many of which left staffers scratching their heads.
