In this July 13, 2012, file photo, Dara Khosrowshahi the CEO of Expedia, Inc., attends the Allen & Company Sun Valley Conference in Sun Valley, Idaho. (AP Photo/Paul Sakuma, File)
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Uber Technologies Inc chose Dara Khosrowshahi, the chief executive of travel company Expedia Inc, as its chief executive on Sunday, according to two sources with knowledge of the matter, handing him the challenge of leading the ride-services company out of a nearly year-long crisis.In Khosrowshahi, Uber's board has picked an executive with a track record of driving growth while also delivering profits -- precisely what the unprofitable Uber needs to satisfy investors.An Uber spokesman and an Expedia spokeswoman declined to comment.Khosrowshahi, who has run Expedia for 12 years, was not known to the public to be among the top candidates for the job.The company reported net income of $281.8 million for 2016 .At Uber, he would bring an end to a company culture built on founder control.Uber was valued at $68 billion at its most recent investment last year, but recently some mutual funds have written down the value of their Uber investment by as much as 15 percent, a sign of wavering confidence in the company.Despite the controversies, Uber is still a growing company.
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