Tag Archives: uber

An Uber investor has been accused of wanting to boot Arianna Huffington from the board

Uber s Machiavellian drama rumbles on. The latest board-level spat involves early investor Shervin Pishevar, shareholder Benchmark Capital, and board member Arianna Huffington. Pishevar, in a letter seen by Axios and Recode, has accused Benchmark Capital of trying to oust Arianna Huffington from Uber s board. She has been on the board since last April, and the Continue reading An Uber investor has been accused of wanting to boot Arianna Huffington from the board
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Benchmark says it’s suing Uber’s ex CEO because of ‘behavior that was utterly unacceptable’

Benchmark Capital, the investor and board member that filed a lawsuit against former Uber CEO Travis Kalanick last week, has published an open letter to employees explaining itself. In it, the VC warns that Kalanick appears to have undermined the search for a new CEO and that it fears he is plotting his return to Continue reading Benchmark says it s suing Uber s ex CEO because of behavior that was utterly unacceptable
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Former Uber CEO Travis Kalanick says he is ‘baffled’ by the bombshell lawsuit that claims he committed fraud

Former Uber CEO Travis Kalanick attacked the hostile actions of one of the company s largest investors, speaking out for the first time since a bombshell lawsuit last week sought to oust him from the board of the company he cofounded. Kalanick said he was baffled by the lawsuit brought by Benchmark Capital, an early Uber investor that now Continue reading Former Uber CEO Travis Kalanick says he is baffled by the bombshell lawsuit that claims he committed fraud
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Here’s how much Uber stock ousted CEO Travis Kalanick actually controls

It s been widely known that Travis Kalanick s shares in Uber gave him significant control over the company even after he was ousted as its CEO.  But we didn t know for sure how much voting power he really had — until now. According to a lawsuit filed by Benchmark Capital on Thursday against Kalanick, Uber s founder owns about 10% Continue reading Here s how much Uber stock ousted CEO Travis Kalanick actually controls
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Uber adds in-app messaging between riders and drivers

 Uber is starting to roll out a new in-app chat feature globally today, which will allow riders to send text messages directly to their driver once they book a ride, and vice versa. The new feature replaces the somewhat clunky mechanism of SMS for text communication between rider and driver, helping to preserve privacy for Continue reading Uber adds in-app messaging between riders and drivers
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Uber’s global retreat continues as it pulls out of Macau

Uber is in a global retreat right now. The company will suspend its operations in the former Portuguese territory of Macau from 22 July as it could not secure a business environment to unlock the full benefits of ride-sharing . Uber, in its official website, said it was exploring ways to serve the Chinese-controlled territory again and Continue reading Uber s global retreat continues as it pulls out of Macau
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Uber says its former engineer had a good reason to allegedly take Waymo’s files — and it wasn’t to give them to Uber (GOOG, GOOGL)

No one knows why Anthony Levandowski allegedly downloaded 14,000 proprietary files before quitting his job at Google. But Uber, the ride-hailing company that Levandowski eventually joined and which is now being sued by Google, has a theory: It was to protect his bonus. Levandowski had good reason to believe his bonus was at risk, Uber said in Continue reading Uber says its former engineer had a good reason to allegedly take Waymo s files — and it wasn t to give them to Uber (GOOG, GOOGL)
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