Monday, November 18

Tag: Uber

Uber’s Path To Win Back London: Data, Fines and Fees
ANALYSIS

Uber’s Path To Win Back London: Data, Fines and Fees

If history is a guide, Uber Technologies new Chief Executive Dara Khosrowshahi is likely to dangle data sharing and a promise to pay fines and fees when he sits down with London officials to negotiate the ride service’s future in one of its most important markets. From the Philippines to Portland, Oregon, the strategy has worked time and time again for the San Francisco company. London transportation officials last month deemed Uber unfit to operate because of lax corporate responsibility. The move threatens an Uber stronghold at a time when Khosrowshahi is trying to salvage the company’s reputation after a series of scandals. Police have complained that Uber was not disclosing or taking too long to report serious crimes tied to its rides, and London mayor Sadiq Khan backed the de...
Uber Stripped Of London License
USA

Uber Stripped Of London License

London stripped Uber on Friday of its license to operate from the end of September in a huge blow to the taxi app that will affect more than 40,000 drivers in one of the world’s biggest cities. (more…)
What Is At Stake For Uber In U.S. Bribery Probe?
USA

What Is At Stake For Uber In U.S. Bribery Probe?

A U.S. bribery investigation at ride-hailing company Uber Technologies Inc will likely go on for a year or more and could lead to snowballing legal and compliance costs if lawyers find systemic problems. Uber, which is the subject of a U.S. probe into whether it paid bribes oversees, has started a review of its Asia operations and notified U.S. authorities about payments made by staff to police officers in Indonesia, a person familiar with the matter has told Reuters. The following explains the possible fallout for the company. What is under investigation? Uber said in August that it was cooperating with a preliminary investigation led by the U.S. Department of Justice into whether its managers violated a 1977 anti-bribery law, known as the Foreign Corrupt Practices Act (FCPA). The...
New Uber CEO Dara Khosrowshahi Says The Company Has To Change
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...