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Former Uber CEO Kalanick Severs Ties With Ride-Hailing Giant
Former Uber CEO Travis Kalanick is resigning from the board of directors, severing ties with the ride-hailing company that he co-founded a decade ago and ran until a series of scandals led to his downfall. The departure, announced Tuesday, did not come as a surprise. Kalanick recently sold more than $2.5 billion worth of stock in the company, or more…
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Lyft Opens Up Its IPO Road Show, Offers 30 Million Shares
Lyft officially kicked off the road show for its initial public offering, putting 30 million shares up for sale Monday with an anticipated price of between $62 and $68 per share.
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Former Uber CEO Testifies in High-Tech Heist Case
Former Uber CEO Travis Kalanick took the witness stand Tuesday, offering his initial response to allegations that he cooked up a scheme to steal self-driving car technology from Google. Kalanick’s testimony centered on his dealings with Anthony Levandowski, a former star engineer at Google who left its robotic-vehicle project in January 2016. Levandowski subsequently launched a robotic-truck startup called Otto...
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Google Spinoff, Uber Whale on Each Other as Trial Opens
An epic court battle between Uber and a Google spinoff, centered on the alleged theft of self-driving car technology, began with accusations of sinister plots and other devious behavior lobbed in both directions. In opening arguments Monday, lawyers for Google’s former autonomous car unit Waymo likened Uber to Rosie Ruiz, one of the most notorious cheaters in sports history. Waymo...
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Travis Kalanick Walking Away With $1.4 Billion as Uber's Deal With SoftBank Closes
SoftBank completed its long-awaited investment agreement with Uber on Thursday, making SoftBank the company’s largest shareholder and providing a huge payday for co-founder Travis Kalanick and other early backers, CNBC reported. “We’re proud to have SoftBank, Dragoneer and the entire consortium in the Uber family. This is a great outcome for our shareholders, employees and customers,” an Uber spokesperson said...
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Google Parent Leads $1B Lyft Investment, Deepening Uber Rift
Google’s parent company is throwing its financial support behind ride-hailing service Lyft, deepening its rift with market leader Uber. Alphabet Inc., which gets most of its money from Google’s digital ad network, is leading a $1 billion investment in Lyft that values the privately held company at $11 billion. The investment announced Thursday is being made through Alphabet’s CapitalG venture...
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Pressured by Government, Uber Agrees to Protect Rider Data
Ride-hailing service Uber has agreed to protect data and audit use of rider information to settle a complaint from the federal government that it deceived customers. The Federal Trade Commission, in a complaint settled on Tuesday, alleged that Uber failed to secure data about rider trips and neglected to monitor employee access to the information. It’s another in a long...
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More Uber Woes: Exec Resigns, Investor Sues Ousted CEO
Uber Technologies Inc. faced a fresh round of turmoil Thursday, with its global operations chief resigning and a major investor suing the ride-hailing company’s former CEO. Ryan Graves told Uber staff in an email Thursday that he will transition out of his role as senior vice president of global operations in mid-September. Graves will remain on Uber’s board.
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Controversial ‘Google Manifesto' Fuels Debate Over Gender Bias in Silicon Valley
A 10-page document known as the “Google Manifesto” that criticizes the company’s diversity practices and says that women aren’t suited for engineering jobs is adding further controversy to the debate around gender bias in Silicon Valley, NBC News reported. Google CEO Sundar Pichai said the memo violates the company’s code of conduct, but also added that minority viewpoints cannot be...
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‘I'm a Creep. I'm Sorry': 500 Startups Co-Founder Dave McClure Says He Made Advances Toward Women in Workplace
The co-founder of Silicon Valley’s 500 Startups is stepping down from the company after admitting he made inappropriate advances toward women in the workplace.
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Uber Knew Fired Exec Had Info at Center of Google Theft Case
Uber acknowledged hiring a former Google engineer — now accused of stealing self-driving car technology — despite having received warnings that he was still carrying around some of his former employer’s property. The admission, contained in a Thursday court filing, is the latest twist in a high-profile legal fight between the ride-hailing company and a Google spin-off, Waymo. Both companies...
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Uber's Number Two, Emil Michael, Leaves Company
Uber Chief Business Officer Emil Michael has left the company, according to an email obtained by the New York Times and confirmed by NBC News.
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Uber Discussing Leave for CEO: Reports
The New York Times and other media are reporting that Uber’s board is considering placing the CEO of the ride-hailing company on leave.
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Mother of Uber CEO Travis Kalanick Killed in Boat Accident in Fresno County
The mother of the CEO of the ride-hailing company Uber died in a boat accident Friday evening in Fresno County, the company said.
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Uber Used Secret Program to Track Lyft Drivers: Report
A new report says Uber used a secret program dubbed “Hell” to track Lyft drivers to see if they were driving for both ride-hailing services and otherwise stifle competition.
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Uber President Resigns Citing Differences in ‘Approach to Leadership'
Uber President Jeff Jones has resigned, the company confirmed to NBC News on Sunday.
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Uber to Investigate ‘Abhorrent' Sexual Harassment Claim by Former Engineer
Uber’s chief executive ordered an investigation Monday into a sexual-harassment claim made by a female engineer who said her prospects at the company evaporated after she complained about advances from her boss, and the company even hired a former attorney general to help get the job done. In a blog post about her year at Uber, Susan Fowler Rigetti said...
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Uber Accelerates Past 2 Billion Rides
After taking nearly six years to accomplish one billion rides, Uber reached the two billion number just six months later.
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New Jersey Man Found Dead in Dominican Republic Hotel Room
Officials are investigating the death of another U.S. citizen in the Dominican Republic.