Aug 30, 2017

New Uber CEO: We're not going public next year

Dara Khosrowshahi; Photo: Paul Sakuma / AP

During an all-hands meeting with Uber employees today, incoming CEO Dara Khosrowshahi said that Uber should go public in 18 to 36 months from now. In other words, not in 2018.

Why it matters: Uber had been widely considered an IPO candidate for late next year, particularly if it can quickly fill out its executive team. But it seems that the new boss has other plans, which also might suggest that a much-discussed secondary share sale with SoftBank or some other outside investor is more likely than not, as the IPO delay could push certain shareholders to support interim liquidity options.

Go deeper

Schiff demands that Grenell explain Trump's purge of inspectors general

House Intelligence Chairman Adam Schiff. Photo: Zach Gibson/Getty Images

Rep. Adam Schiff (D-Calif.), the chairman of the House Intelligence Committee, sent a letter to the acting Director of National Intelligence Ric Grenell on Tuesday demanding he turn over documents explaining his management of the intelligence community amid concerns of the politicization of the agency.

Why it matters: The letter, which calls for a response by April 16, comes as President Trump continues his purge of inspectors general across the federal government that he deems disloyal to his administration.

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 2 p.m. ET: 1,390,511— Total deaths: 79,091 — Total recoveries: 295,696Map.
  2. U.S.: Total confirmed cases as of 2 p.m. ET: 379,965 — Total deaths: 11,851 — Total recoveries: 20,090Map.
  3. Trump administration latest: Trump removes watchdog overseeing rollout of $2 trillion coronavirus bill
  4. Federal government latest: Senate looks to increase coronavirus relief for small businesses this week. — Testing capacity is still lagging far behind demand.
  5. World update: China reopens Wuhan after 10-week coronavirus lockdown
  6. 🎧 Podcast: The race to reopen America
  7. What should I do? Pets, moving and personal health. Answers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk.
  8. Other resources: CDC on how to avoid the virus, what to do if you get it.

Subscribe to Mike Allen's Axios AM to follow our coronavirus coverage each morning from your inbox.

China reopens Wuhan after 10-week coronavirus lockdown

People wearing facemasks stand near Yangtze River in Wuhan. Photo: Hector Retamal/AFP via Getty Images

China has lifted its lockdown of Wuhan, the city in Hubei province where the coronavirus outbreak was first reported in December, according to the New York Times.

Why it matters: As cases surged in January, China took the draconian step of sealing off the city of 11 million and shutting down its economy — a response that was viewed at the time as only possible in an authoritarian system, but which has since been adopted by governments around the world.