Japanese corporation SoftBank has officially completed a multi-billion dollar investment to Uber. The sale includes an additional $1.25 billion investment directly into the ride-hailing company.
Business Tech January 19, 2018
Former CEO of Uber Travis Kalanick will be off-loading a large portion of his shares in the company. Kalanick originally wanted to sell half of but will instead let go of one-third of his shares in Uber.
Business Tech January 6, 2018
Uber is about to get a significant investment from SoftBank, but it had to approve drastic changes to make that happen. For starters, one share now only equals one vote, meaning Travis Kalanick will have less power over the board.
Business Tech October 4, 2017
In what’s seen as a move to reassert his control of the company, Travis Kalanick has appointed two new Uber board directors. This has caused further rift among Uber’s already-rocky board.
Business Tech September 30, 2017
Dara Khosrowshahi held an all-hands meeting at Uber where he discussed his plans for Uber’s future. The ride-hailing company’s business and culture are his top two priorities.
Business Tech August 31, 2017
Uber’s two-month search for a new CEO has come to an end. The company has picked Expedia Chief Dara Khosrowshahi to replace Travis Kalanick, but actually, it’s not a fabulous job.
Business Tech August 28, 2017
Uber did better in the second quarter compared to the first quarter, as the ride-hailing service booked higher revenues. The company improved its performance despite all the drama and turmoil, but it still needs to solve these problems quickly.
Business Tech August 24, 2017
A group of Uber shareholders has now called to relieve Benchmark of its board seat and appointment rights after it sued former CEO Travis Kalanick for fraud. This is the latest in Uber’s much-covered internal turmoil.
Business Tech August 12, 2017
Benchmark has filed a lawsuit against Uber’s former CEO, Travis Kalanick, for several instances of fraudulent behavior. It alleges that Kalanick is doing everything just to gain back his position.
Business Tech August 11, 2017
One of Uber’s board members has confirmed that Travis Kalanick will not be returning as the company’s CEO. Previous reports suggested Kalanick was planning to return Steve Jobs-style.
Business Tech August 8, 2017
Meg Whitman just bowed out of possibly helming Uber in place of ousted Travis Kalanick. The company’s board now struggles to decide on its next CEO, and it now has to pick from a bunch of men.
Business Tech August 1, 2017
As the Uber-Waymo lawsuit keeps unraveling, a new court filing claims that former Uber CEO Travis Kalanick knew about the information stolen from Google. Kalanick reportedly became aware of the matter last year.
Business Tech June 23, 2017
Uber has been struggling to handle an executive exodus and sexual harassment allegations, and now it's headed into a new chapter. Amid mounting pressure from shareholders, Travis Kalanick has resigned as CEO.
Business Tech June 21, 2017
An Indian woman filed rape and won against an Uber driver in India in 2014. Now, she has alleged that the company, its three executives including CEO Travis Kalanick in particular, obtained her medical records illegally to discredit her.
Business Tech June 16, 2017
With Travis Kalanick taking some time off as Uber’s CEO, in addition to unfilled top executive roles, the ride-hailing company’s path forward is unclear. That said, a corporate restructuring is exactly the chance Uber needs to change its workplace culture.
Business Tech June 14, 2017
Uber has been through a trying few months from the Waymo lawsuit and the workplace scandals that emerged. Amid all this chaos, Uber CEO Travis Kalanick will be taking a leave of absence from the company for an undisclosed amount of time.
Car Tech June 13, 2017
Travis Kalanick, Uber’s CEO, might be asked to take some time off following the results of an independent investigation by former attorney general Eric Holder. That report allegedly paints an ugly portrait of Uber’s workplace culture.
Business Tech June 12, 2017
The success Uber enjoyed in its early days are quickly being swept aside for a pile of legal and public relations problems. The latest comes thanks to its CEO, Travis Kalanick, and his 2013 email on 'sex rules' to Miami employees.
Internet June 9, 2017
Uber has gained two top-ranking female executives to help with its controversial workplace sexism problem. Bozoma Saint John will take Uber’s chief brand officer role, while Frances Frei will take Uber’s senior VP for leadership and strategy role.
Business Tech June 7, 2017
Uber CEO Travis Kalanick faced heartbreaking news this weekend, as his parents had a tragic boating accident. His mother lost her life, while his father is in a serious condition and receiving treatment at a local hospital.
Feature | Culture May 28, 2017
Uber CEO Travis Kalanick reportedly approached Tesla CEO Elon Musk to propose a partnership. Kalanick wanted Uber and Tesla to work together on self-driving car technology and compete against Apple, but Musk said no.
Business Tech May 17, 2017
Apple CEO Tim Cook threatened to remove the Uber app from the App Store in a 2015 meeting with Uber CEO Travis Kalanick. What was the ride-haling company doing that prompted the serious threat?
Apps/Software April 24, 2017
Uber’s head of communications Rachel Whetstone has chosen to leave the company for undisclosed reasons. Her exit follows several high-profile exits at Uber in recent months, alongside publicized scandals about the company’s bleak workplace culture.
Business Tech April 12, 2017
Uber CEO Travis Kalanick has been assured support by the board in tackling the company’s challenges at the image front following allegations against business practices. The board also said it is taking steps to overhaul Uber's corporate culture.
Business Tech March 23, 2017
In a special press call hosted by board member Arianna Huffington, Uber promised that changes are coming to the ride-hailing company amid the storm of controversy surrounding it. Will Uber survive through the ordeals?
Business Tech March 22, 2017
Uber’s Jeff Jones has now resigned as the president of the ride-hailing company, citing differences over his own leadership principles and Uber’s. His exit follow Uber’s string of high-profile departures recently.
Business Tech March 20, 2017
Uber, which has admitted to the existence of Greyball, launched a review on the controversial tool and vowed to end its usage to bypass regulators. The ride-hailing company, however, is also currently facing several other issues.
Apps/Software March 9, 2017
Uber has announced that it’s currently seeking a COO shortly after CEO Travis Kalanick admitted that he needed leadership help. It remains to be seen, however, whether the new hire will help straighten Uber’s mounting organizational troubles.
Business Tech March 8, 2017
Uber has been besieged with bad news as of late. The company has been saddled with claims of sexual harassment from former employees, and its CEO has suffered a meltdown during a heated exchange with an Uber driver.
Business Tech March 6, 2017
Uber used a special tool to avoid legal confrontation in cities where it operated without acquiring permission first, a new report alleges. It hasn’t been a great PR trajectory for Uber of late.
Business Tech March 3, 2017
Uber CEO Travis Kalanick stumbled into a new controversy when a video of him arguing with an Uber driver made its way online. Kalanick has now apologized for his disrespectful behavior and said that he needs to grow up and get some leadership help.
Business Tech March 2, 2017
It’s another bad day for Uber. Travis Kalanick, Uber’s CEO, has been caught on video engaging in an argument with an Uber driver about the company’s decisions that are hurting its drivers.
Business Tech March 1, 2017
After former employee Susan Fowler revealed the workplace sexism she allegedly experienced at Uber, more negative stories of the company's workplace culture have surfaced, including homophobic slurs and instances of sexual harassment.
Business Tech February 23, 2017
Uber CEO Travis Kalanick held an 'honest, raw and emotional' staff meeting about sexism, after a former engineer detailed a sexist, discriminatory and abusive workplace culture. Uber employees said Kalanick apologized and seemed truly invested into sorting this out.
Business Tech February 22, 2017
Elon Musk has confirmed that he will not resign from the post of adviser to President Trump. He asserted that his involvement did not imply he agreed with the decisions that were taken, but would stay for 'greater good.'
Life & Style February 3, 2017
Uber has unveiled a new logo, and quite a few users are not pleased. Here's how Twitter users reacted to Uber's logo change.
Apps/Software February 3, 2016
American ride-sharing company Uber is projected to gain as much as $10.84 billion this year and around $26.12 billion by the following year in global bookings, according to a recent presentation for potential investors.
Business August 22, 2015
The latest funding round participated in by Microsoft gives Uber a valuation of $51 billion, making Uber the most valuable private company in the world, though the Microsoft investment continues to be a puzzle for many.
Money August 3, 2015
As Uber turned five, its CEO Travis Kalanick admitted to the mistakes made by the cab service in the past few years. Kalanick, however, remains optimistic of the service's future given its phenomenal growth.
Business June 4, 2015
Uber’s latest hire shows it is getting serious about security – finally!
April 3, 2015
An update to Uber's API allows developers to include the entire Uber experience within any app.
Phones/Tablets/Mobile Tech March 19, 2015
The ride-sharing company's finance chief is ready to retire after two years of helping drive the firm's valuation to more than $40 billion.
Business March 17, 2015
It’s the latest in a long string of problems faced by the four-year-old ride-sharing startup as it expands to global locations.
Business February 5, 2015
Uber CEO Travis Kalanick said that the company has a commitment to the establishment of new partnerships with cities in Europe "to ensure innovation, harness powerful economic benefits and promote core city functions."
Business January 19, 2015
Uber is reversing its price surging model in downtown Sydney to offer free rides for people who want to get out of Martin Place. It would have been a noble move had it not been charging prices four times as high earlier.
Business December 15, 2014