Travis Kalanick

  • Business Dec 24, 2019

    Former Uber CEO Kalanick Severs Ties With Ride-Hailing Giant

    Former Uber CEO Travis Kalanick is resigning from the board of directors, severing ties with the ride-hailing company that he co-founded a decade ago and ran until a series of scandals led to his downfall. The departure, announced Tuesday, did not come as a surprise. Kalanick recently sold more than $2.5 billion worth of stock in the company, or more…

  • United States May 9, 2019

    Uber Will Price Shares for Its IPO on Thursday — Here's What to Expect

    Uber is scheduled to price its IPO on Thursday night ahead of the company’s market debut on the New York Stock Exchange. The offering comes as shares of smaller rival Lyft trade well below their initial price from March and amid a slide in the broader stock market. The ride-hailing company’s expected market capitalization has fallen in recent months since...

  • San Francisco Mar 18, 2019

    Lyft Opens Up Its IPO Road Show, Offers 30 Million Shares

    Lyft officially kicked off the road show for its initial public offering, putting 30 million shares up for sale Monday with an anticipated price of between $62 and $68 per share.

  • Mar 18, 2019

    Examining Lyft's IPO Valuation

    Company officials for Lyft will be hitting the road across the country this week in preparation of its initial public offering. Pete Suratos reports.

  • United States Mar 19, 2018

    Uber CEO Aims to Pare Losses and Get ‘the Love Back'

    Uber CEO Dara Khosrowshahi is focused on cutting the company’s massive losses and “getting the love back” after a year of damaging revelations about the ride-hailing service’s sometimes heartless treatment of its employees, drivers, regulators and rivals.

  • NBC Feb 10, 2018

    Uber Settles Waymo Driverless Car Lawsuit

    A high-profile legal between Uber and Google-spin-off Waymo, which accuses the ride-hailing company of stealing its self-driving car technology, came to a close Friday after the two companies reached a settlement.

  • CEO Feb 7, 2018

    Former Uber CEO Testifies in High-Tech Heist Case

    Former Uber CEO Travis Kalanick took the witness stand Tuesday, offering his initial response to allegations that he cooked up a scheme to steal self-driving car technology from Google. Kalanick’s testimony centered on his dealings with Anthony Levandowski, a former star engineer at Google who left its robotic-vehicle project in January 2016. Levandowski subsequently launched a robotic-truck startup called Otto...

  • CEO Feb 6, 2018

    Google Spinoff, Uber Whale on Each Other as Trial Opens

    An epic court battle between Uber and a Google spinoff, centered on the alleged theft of self-driving car technology, began with accusations of sinister plots and other devious behavior lobbed in both directions. In opening arguments Monday, lawyers for Google’s former autonomous car unit Waymo likened Uber to Rosie Ruiz, one of the most notorious cheaters in sports history. Waymo...

  • CEO Jan 19, 2018

    Travis Kalanick Walking Away With $1.4 Billion as Uber's Deal With SoftBank Closes

    SoftBank completed its long-awaited investment agreement with Uber on Thursday, making SoftBank the company’s largest shareholder and providing a huge payday for co-founder Travis Kalanick and other early backers, CNBC reported. “We’re proud to have SoftBank, Dragoneer and the entire consortium in the Uber family. This is a great outcome for our shareholders, employees and customers,” an Uber spokesperson said...

  • San Jose Jan 12, 2018

    President Obama Heads to Bay Area to Participate in Global Entrepreneurship Summit at Stanford University

    President Barack Obama will arrive in the Bay Area on Thursday to participate in the 2016 Global Entrepreneurship Summit at Stanford University, which kicked off this morning and lasts through Friday.

  • California Oct 19, 2017

    Google Parent Leads $1B Lyft Investment, Deepening Uber Rift

    Google’s parent company is throwing its financial support behind ride-hailing service Lyft, deepening its rift with market leader Uber. Alphabet Inc., which gets most of its money from Google’s digital ad network, is leading a $1 billion investment in Lyft that values the privately held company at $11 billion. The investment announced Thursday is being made through Alphabet’s CapitalG venture...

  • San Francisco Aug 28, 2017

    Uber Selects Expedia CEO to be Its New Chief: Sources

    Expedia CEO Dara Khosrowshahi has been named Uber’s top executive, taking the difficult job of mending the dysfunctional ride-hailing giant and turning it from money-losing behemoth to a profitable company.

  • San Francisco Aug 15, 2017

    Pressured by Government, Uber Agrees to Protect Rider Data

    Ride-hailing service Uber has agreed to protect data and audit use of rider information to settle a complaint from the federal government that it deceived customers. The Federal Trade Commission, in a complaint settled on Tuesday, alleged that Uber failed to secure data about rider trips and neglected to monitor employee access to the information. It’s another in a long...

  • CEO Aug 11, 2017

    More Uber Woes: Exec Resigns, Investor Sues Ousted CEO

    Uber Technologies Inc. faced a fresh round of turmoil Thursday, with its global operations chief resigning and a major investor suing the ride-hailing company’s former CEO. Ryan Graves told Uber staff in an email Thursday that he will transition out of his role as senior vice president of global operations in mid-September. Graves will remain on Uber’s board.

  • NBC Aug 8, 2017

    Controversial ‘Google Manifesto' Fuels Debate Over Gender Bias in Silicon Valley

    A 10-page document known as the “Google Manifesto” that criticizes the company’s diversity practices and says that women aren’t suited for engineering jobs is adding further controversy to the debate around gender bias in Silicon Valley, NBC News reported. Google CEO Sundar Pichai said the memo violates the company’s code of conduct, but also added that minority viewpoints cannot be...

  • Uber Jul 4, 2017

    ‘I'm a Creep. I'm Sorry': 500 Startups Co-Founder Dave McClure Says He Made Advances Toward Women in Workplace

    The co-founder of Silicon Valley’s 500 Startups is stepping down from the company after admitting he made inappropriate advances toward women in the workplace.

  • CEO Jun 23, 2017

    Uber Knew Fired Exec Had Info at Center of Google Theft Case

    Uber acknowledged hiring a former Google engineer — now accused of stealing self-driving car technology — despite having received warnings that he was still carrying around some of his former employer’s property. The admission, contained in a Thursday court filing, is the latest twist in a high-profile legal fight between the ride-hailing company and a Google spin-off, Waymo. Both companies...

  • NBC Jun 21, 2017

    Uber CEO Travis Kalanick Steps Down

    Uber CEO Travis Kalanick resigned his post late Tuesday, according to a report from the New York Times.

  • California Jun 16, 2017

    Rape Victim Sues Uber, Says Execs Portrayed Her as a Liar

    A woman who was raped by an Uber driver in India is suing the company for a second time, alleging that Uber executives got her private medical records and made false statements claiming she fabricated the attack.

  • San Francisco Jun 14, 2017

    Uber CEO to Take Leave as Board Adopts Sweeping Reforms

    Freewheeling Uber faces major change. Its board is cracking down, its founder and CEO is stepping away indefinitely, and the company itself is coming to grips with measures intended to reform its toxic culture and aggressive business practices. And it all started when Susan Fowler, a former Uber engineer, posted a personal essay in February that detailed the company’s toleration...

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