As adjkant pointed out - it's 'better now than later' in many scenarios.
Also - Uber might be doing some big write-offs and dumping the ugliness of their spreadsheets now rather than later.
Basically they get rid of as much toxicity as early as possible, so the road to the IPO is more roses.
New CEO's often do that, dump the crap right away the first quarter they are there, so it can be written off as 'restructuring' by analysts. Uber does in fact have a new-ish CEO, maybe it's a little late for this, but not too late maybe.
Also - Uber might be doing some big write-offs and dumping the ugliness of their spreadsheets now rather than later.
Basically they get rid of as much toxicity as early as possible, so the road to the IPO is more roses.
New CEO's often do that, dump the crap right away the first quarter they are there, so it can be written off as 'restructuring' by analysts. Uber does in fact have a new-ish CEO, maybe it's a little late for this, but not too late maybe.