Tag: uber drivers

Uber executives are traveling the globe to reassure regulators that the company is changing the way it does business, after a string of controversies hurt the ride-hailing firm’s reputation, its Asian head said on Monday. These comments come on the heels of Uber’s disclosure last week that it covered up a 2016 data breach which compromised data of some 57 million customers and drivers, prompting governments around the world to launch probes into the breach and Uber’s handling of the matter. Authorities in Britain and the United States, two top Uber markets, as well as Australia and the Philippines have said they would investigate the company’s response to the data breach. “We’ve learned very quickly and we’re tacking very quickly,” Brooks Entwistle, Uber Technologies Inc’s recentl...

Uber Technologies Inc said on Thursday that it discussed a massive data breach with potential investor SoftBank Group Corp ahead of going public with details of the incident on Tuesday. The ride-hailing service is trying to complete a deal in which the Japanese company would invest as much as $10 billion for at least 14 percent of Uber, mostly by buying out existing shareholders. “We informed SoftBank that we were investigating a data breach, consistent with our duty to disclose to a potential investor, even though our information at the time was preliminary and incomplete,” Uber said in a statement. ”We also made clear that our forensic investigation was ongoing,“ Uber said. ”Once our internal inquiry concluded and we had a more complete understanding of the facts, we disclosed to ...