Uber Said to Pick Expedia's Khosrowshahi as CEO

The transcript discusses the search for a new CEO for Uber, highlighting the shortlist and eventual appointment. It includes an interview with the new CEO about the regulatory landscape and his political engagement. The challenges of navigating regulatory issues for companies like Uber and Expedia are explored. The new CEO's initial tasks, such as addressing cash burn and focusing on profitability, are also discussed.

What was the immediate action the new CEO was expected to take upon appointment?

What is the significance of cash burn in the context of the company's operations?