Uber admits driver 'dissatisfaction' and workplace culture are IPO risk factors

When Uber filed the paperwork for its initial public offering on Thursday, the quintessential bad boy startup signaled to the world that it was ready to grow up. In a letter to potential investors, the CEO, Dara Khosrowshahi, acknowledged the "greater responsibilities" the company will take on once it goes public, and promised to act with "passion, humility, and integrity". But references to the company's checkered past are littered throughout the more than 300 pages of public disclosures filed to the Securities and Exchange Commission. Here's a rundown of some of the biggest "risk factors" from Uber's past that may come back to haunt its $100bn future: When Uber's ride-share rival Lyft went public with its own pre-IPO disclosures in March, its "unique culture" was referenced as a positive aspect of the company dozens of times; any possible loss of that culture in the future was identified as a risk factor. For Uber, the challenge is the opposite.