Monday, November 18

Tag: Dara Khosrowshahi

Uber Appeals On Legal Decision To Revoke Its London Licence
13Oct By reutersNo Comments
USA

Uber Appeals On Legal Decision To Revoke Its London Licence

Uber lodged a court appeal on Friday to overturn a decision by London’s transport regulator that stripped the taxi app of its operating licence in its most important European market, the first stop on what is set to be a long legal road. Transport for London (TfL) shocked the Silicon Valley firm last month by deeming it unfit to run a taxi service and refusing to renew its licence, citing its approach to reporting serious criminal offences and background checks on drivers. The appeal marks the beginning of months of legal wrangling in a battle that had pitched one of the world’s richest cities against a Silicon Valley giant known for forays into new markets across the globe that have stoked competition for established cab companies. Uber, whose backers include Goldman Sachs and Bl...
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Uber Suspends Unlicensed Service in Norway in Change of Tack
9Oct By reutersNo Comments
News

Uber Suspends Unlicensed Service in Norway in Change of Tack

Uber said on Monday it would suspend its unlicensed service UberPOP in Oslo until Norway introduces new rules, as the U.S. ride-hailing app adopts a more conciliatory tone with national authorities. The move follows a similar one-year suspension in Finland in July to allow a new taxi law to come into effect, however there is no set date for when UberPOP will be reintroduced in Norway. The U.S. ride-hailing company has come under fierce pressure from traditional taxi drivers and regulators across Europe who accuse it of unfair competition and skirting traditional licensing rules. UberPOP has already been suspended in several European capitals, including Paris and Brussels, and Uber was recently humbled when it lost its licence to operate in London. “We’ve learned the hard way that...
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New Uber CEO Dara Khosrowshahi Says The Company Has To Change
31Aug By AnkitaNo Comments
News

New Uber CEO Dara Khosrowshahi Says The Company Has To Change

Cab aggregator Uber's new CEO Dara Khosrowshahi addressed employees on Wednesday and said that the company has to change its culture and may go for an initial public offering (IPO) in 18-36 months. 48 year-old, Khosrowshahi has been leading his travel-booking platform Expedia Inc. for 12 years and recently joined Uber as its CEO and was seen on Wednesday in Uber's San Francisco headquarters with his new badge.   #mynewbadge. I checked it and it works! Does @karaswisher have one of these? pic.twitter.com/SfXDjWeJYP — dara khosrowshahi (@dkhos) August 30, 2017   His plans include rebuilding Uber’s culture and growing market share as well as possibly conducting an IPO in 18 to 36 months, according to people who attended the meeting. It is common for venture capital...
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Dara Khosrowshahi, Chief Executive Of Expedia To Be Uber’s New Chief Executive
28Aug By reutersNo Comments
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...
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