Business

Uber CEO granted $136 million in shares after surpassing $120 billion valuation target 

Dara Khosrowshahi, the chief executive officer of Uber, has been awarded options to purchase stock valued at approximately $136 million after successfully achieving a performance target aimed at securing a $120 billion valuation for the ride-hailing company. 


According to a Financial Times report, the award, established prior to Uber’s initial public offering in 2019, appeared improbable for much of the company’s public existence due to persistent losses amounting to tens of billions of dollars.  


However, Uber’s recent financial performance has shown improvement under Khosrowshahi’s leadership.