Can Uber Ever Recover After Its Disappointing IPO?

Uber's IPO was initially expected to be highly valuable, but faced a rocky start with a significant drop in stock price. Despite challenges, including a record low stock price and operational issues, CEO Dara Khosrowshahi remains optimistic about future profitability. The company is focusing on growth and strategic cost-cutting measures, aiming for profitability in the coming years.

What challenges did Uber face after going public, as mentioned in the text?

What significant actions did Uber take in response to its market performance?