Saturday, April 20

Tag: travis kalanick

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 ...
Uber Founder Travis Kalanick Resigns from the Post of CEO
News

Uber Founder Travis Kalanick Resigns from the Post of CEO

Travis Kalanick stepped down Tuesday as chief executive of Uber as per the source The New York Times, the ride-hailing service that he helped found in 2009 and that he built into a transportation colossus, after a shareholder revolt made it untenable for him to stay on at the company. (more…)
Uber CEO Kalanick Likely to Take Leave, SVP Michael Out
News

Uber CEO Kalanick Likely to Take Leave, SVP Michael Out

Uber Technologies Inc Chief Executive Travis Kalanick is likely to take a leave of absence from the troubled ride-hailing company, but no final decision has yet been made, according to a source familiar with the outcome of a Sunday board meeting. Emil Michael, senior vice president and a close Kalanick ally, has left the company, the source said. At the Sunday meeting, the company's board adopted a series of recommendations from the law firm of former U.S Attorney General Eric Holder following a sprawling, multi-month investigation into Uber's culture and practices, according to a board representative. Uber will tell employees about the recommendations on Tuesday, said the representative, who declined to be identified. The company is also adding a new independent director, Nest...
Uber Fires 20 Employees After Harassment Probe
News

Uber Fires 20 Employees After Harassment Probe

Uber Technologies Inc said on Tuesday it fired 20 employees and was improving management training following an investigation by a law firm into sexual harassment allegations and other claims at the ride-hailing company. Uber fired the staff following a report by law firm Perkins Coie, which Uber hired to look into claims of harassment, discrimination, bullying and other employee concerns. The law firm has been working in parallel with a broader investigation by former U.S. Attorney General Eric Holder into company culture and practices. Perkins Coie investigated 215 staff complaints going back as far as 2012, Uber said, taking action in 58 cases and no action on 100 more. Other investigations are continuing. Of the 215 claims, Uber said 54 were related to discrimination, 47 rel...
Mother of Uber CEO killed in California Boating Accident
News

Mother of Uber CEO killed in California Boating Accident

The mother of ride-hailing firm Uber's chief executive has died in a boating accident near Fresno, California on Friday, the Fresno County Sheriff's Office said on Saturday Uber CEO Travis Kalanick's parents Bonnie Kalanick, 71, and Donald Kalanick were on Pine Flat Lake when their boat struck a rock and sank, it said, adding that an autopsy is planned for Sunday. Donald Kalanick was being treated at an area hospital for what were described as moderate injuries. Uber officials were not immediately available for comment. The sheriff's office, however, posted a statement from Uber that read: "Last night, Travis and his family suffered an unspeakable tragedy." "His mother passed away in a devastating boating accident near Fresno and his father is in serious condition. Our thoug...
Uber Admit To Use Its Secret Software Greyball To Deceive Local Authorities
News

Uber Admit To Use Its Secret Software Greyball To Deceive Local Authorities

Uber has acknowledged the use of a secret software program to steer drivers away from trouble, including sting operations by local authorities to catch law-breakers. In the latest in a streak of damaging news for the ridesharing giant, Uber came forward about its "Greyball" software yesterday after a New York Times report which said the program aimed to deceive authorities in markets around the world. According to an Uber statement, the tool was used in cities where it was not banned from operating, and the main intent was to protect drivers from disruption by competitors using the smartphone application to interfere instead of summon legitimate rides. "This program denies ride requests to fraudulent users who are violating our terms of service," an Uber spokesperson said in an...
Uber CEO Quits Trump’s Business Advisory Group
News

Uber CEO Quits Trump’s Business Advisory Group

Uber Technologies Inc Chief Executive Officer Travis Kalanick quit President Donald Trump's business advisory group on Thursday amid mounting pressure from activists and employees who oppose the administration's immigration policies. Critics included Uber drivers, many of whom are immigrants themselves. "Joining the group was not meant to be an endorsement of the president or his agenda but unfortunately it has been misinterpreted to be exactly that," Kalanick, who had planned to attend a meeting of the group on Friday, said in an email to staff that was seen by Reuters. Uber spokeswoman Chelsea Kohler later confirmed that he had left the group. Social media campaigns had targeted Uber, urging users to delete accounts and opt for rival Lyft Inc. Uber has been emailing users who...
Sold Business in China Because Wants Full Focus on India – Travis Kalanick, CEO, Uber
Entrepreneurs Talk

Sold Business in China Because Wants Full Focus on India – Travis Kalanick, CEO, Uber

Months after selling its stake in China, Uber CEO Travis Kalanick today said it sold its stake to rival Didi since the "battle in China became global", prompting the US-based company to focus on other areas such as Ubereats, driverless cars and markets like India. "The battle in China had become global. We had sovereign wealth of China being invested in our competition globally. We had American tech companies that were being compelled to invest in our competitor in China. And so China battle had become a global battle," Kalanick said at the TiE Global Summit here. In August, the Chinese ride-hailing firm Didi Chuxing announced acquisition of Uber's operations in China in a USD 35 billion deal. While Didi acquired Uber China's brand, business operations and data, Uber received 5.89 perc...
Uber co-founder Travis Kalanick to offer start-up tips at IIT-B on January 19
News

Uber co-founder Travis Kalanick to offer start-up tips at IIT-B on January 19

Uber co-founder and CEO Travis Kalanick will be in Mumbai next week to address students of IIT-Bombay and share his own success story. Kalanick, on his maiden trip to India, is among other top executives who will be in town to take part in the government's Start-up India event scheduled for January 16. He will be sharing the stage with over 40 CEOs and founders of start-ups, including SoftBank's Masayoshi Son, at IIT-B, one of the country's premier centres for start-up incubation. Kalanick will be addressing the students on January 19. Uber is also partnering with 'Invest India', an initiative under the Department of Industrial Policy and Promotion, and has already launched 'UberExchnage', a start-up mentorship programme. The five-year-old US taxi aggregator, which is valued at...
Travis Kalanick (Uber, Founder) Will Attend Modi’s Startup India Event
INDIA, News

Travis Kalanick (Uber, Founder) Will Attend Modi’s Startup India Event

New Delhi: Investment firm SoftBank’s founder Masayoshi Son, taxi-hailing service Uber’s founder Travis Kalanick and collaborative workspace provider WeWork’s founder Adam Neumann will attend the government’s Start-up India event next week, where Prime Minister Narendra Modi will unveil an action plan to assist early-stage companies. The event will be attended by around 40 innovators, venture capitalists and angel investors from Silicon Valley along with 1,500 founders of start-ups from across the country. On 27 December, in his Mann Ki Baat radio programme, Modi said the government was going to announce details of the Start-up India event, to be held on 16 January. Considering the importance of the event to the promotion of start-up culture in the country, it will be ...