Friday, March 29

Author: reuters

Dara Khosrowshahi, Chief Executive Of Expedia To Be Uber’s New Chief Executive
BUSINESS, News

Dara Khosrowshahi, Chief Executive Of Expedia To Be Uber’s New Chief Executive

Uber Technologies Inc on Sunday chose Dara Khosrowshahi, the chief executive of travel company Expedia Inc, as its chief executive, 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. Khosrowshahi, 48, would take on the daunting task of mending Uber’s image, repairing frayed relations among investors, rebuilding employee morale and creating a profitable business after seven years of losses. He would also have to contend with the legacy of Travis Kalanick, Uber’s pugnacious co-founder, who was ousted as CEO in June after shareholders representing about 40 percent of the company’s voting power signed a letter asking him to step down amid growing concern over his behavior and the behavior...
Uber Settles U.S. Allegations Over Data Privacy
News

Uber Settles U.S. Allegations Over Data Privacy

Uber Technologies Inc has agreed to two decades of audits after U.S. regulators found the ride-services company failed to protect the personal information of drivers and passengers and deceived the public about efforts to prevent snooping by its employees. (more…)
Uber Faces Conflicts Over A Lawsuit Filed By Benchmark Capital
BUSINESS, News

Uber Faces Conflicts Over A Lawsuit Filed By Benchmark Capital

Ride-services company Uber is facing a divided board of directors and angry shareholders after investor Benchmark Capital filed a lawsuit against the company's ousted chief executive, Travis Kalanick, dealing another blow to the firm as it struggles to recover from a series of scandals and hire a new leader. On Friday morning, three Uber investors asked Benchmark to divest its shares and step down from Uber Technologies Inc's board, according to an email published by news website Axios. Also on Friday, members of the board of directors sent an email to Uber staff expressing dismay over the Benchmark lawsuit, according to a copy of the note obtained by Reuters. "The Board of Directors is disappointed that a disagreement between shareholders has resulted in litigation," the directors ...
Amazon Plans To Enter Event Ticketing In US
BUSINESS

Amazon Plans To Enter Event Ticketing In US

Amazon.com Inc is seeking to partner with U.S. venue owners to sell event tickets, four sources have told Reuters, a move that could loosen Ticketmaster’s powerful grip on the lucrative ticketing business. (more…)