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How Extreme Risk-Taking Pushed Uber to the Brink

At the center of the crisis enveloping the world’s most valuable startup is Uber’s mounting legal problems.

How Extreme Risk-Taking Pushed Uber to the Brink
A driver for Uber Technologies Inc.’s UberMotor service, right, looks on as his passenger secures her helmet in Jakarta. (Photographer: Dimas Ardian/Bloomberg)

(Bloomberg) -- At the center of the crisis enveloping the world's most valuable startup is Uber's mounting legal problems: The ride-hailing giant today faces at least five criminal probes from the U.S. Justice Department, as well as dozens of lawsuits. This week, Bloomberg Technology's Eric Newcomer and Brad Stone explain how things got so bad. They'll also discuss the challenge ahead as the company's new CEO scrambles to get Uber back on stable footing.

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To contact the authors of this story: Eric Newcomer in San Francisco at enewcomer@bloomberg.net, Brad Stone in San Francisco at bstone12@bloomberg.net.

To contact the editors responsible for this story: Pia Gadkari at pgadkari@bloomberg.net, Liz Smith Magnus Henriksson