It's been a tumultuous few months at ride-hailing firm Uber, hampered by lawsuits and ongoing leadership turnover, culminating with Tuesday's resignation of CEO Travis Kalinick.
However, Trip Chowdhry, the managing director of Global Equities Research, offered Uber a suggestion on who should take over as its next CEO: the 44th President of the U.S., Barack Obama.
"Developers believe that US Ex-President Barack Obama may become the new CEO of Uber. Ex-President Obama would be an exceptional, out-of-the-box and a perfect CEO for Uber," Chowdhry noted.
Although, Chowdhry acknowledged Uber's valuation will still most likely "collapse" even if Obama was named CEO, it could be a move to prevent the company from falling apart entirely.
Developers told Chowdry this would be an upsetting death for the technology firm, as "Uber has the best scheduling algorithms and the best facial recognition software deployed at scale."
What's Hot On TheStreet
Tesla still doesn't deserve its valuation: Tesla (TSLA) - Get Report fanboys have just gained their daily pound of flesh. The electric car company has reportedly reached a deal with officials in China to open a production facility in the world's biggest clean-energy car market. The deal would likely allow it to form a joint-venture with a China-based partner and avoid the 25% tariff applied to imported vehicles. The move would also substantially cut shipping and production costs when compared to Tesla's facility in Nevada, TheStreet's Martin Baccardax reports.
Tesla is now valued at an insane $61 billion...and counting.
What was this Kroger exec drinking: Maybe this Kroger KR fella has been up too late studying the aftershocks of Amazon's (AMZN) - Get Report big deal for Whole Foods (WFM) . "I'm glad their stores are finally open," Kroger CFO Michael Schlotman said about German rival Lidl at Oppenheimer's Consumer Conference Wednesday. Schlotman said he is excited, in fact he feels "great about it," to finally start seeing if the preparations Kroger put in place to compete with Lidl will stand the heat. TheStreet's Lindsay Rittenhousewas all over this bizarre exchange.
Having your profit margins crushed by a ruthless German grocer shouldn't be exciting, Kroger.
Don't forget about Intel: Advanced Micro Devices (AMD) - Get Reportmay beat Intel Corp. (INTC) - Get Report to selling the fastest computer chip this year, but the technology giant is working on other projects that are pushing the limits.
From artificial intelligence to drones, Intel is working to connect everything to the internet to collect data that can be used to improve safety, efficiency and lifestyles. Whether it is helping athletes perform better or making cars autonomous, Intel's technology is working to transform multiple industries. Here's 11 cool projects Intel is working on that investors seem to have forgotten about.
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