Uber’s CEO is gambling with his company’s future Kalanick, CEO of Uber, who The New York Times recently described as a businessman willing to win at any cost. Although it’s hard to imagine, Kalanick may be putting his mighty Uber at risk. And that risk bears a hefty price, since these days the fortunes of … Read more
Uber on Friday provided a glimpse at its earnings, saying it is growing strong while working to overhaul company culture at the scandal-dented on-demand ride service. “We’re fortunate to have a healthy and growing business, giving us the room to make the changes we know are needed on management and accountability, our culture and organization, … Read more
A fruitful funding round has bumped Lyft’s value to $7.5 billion, as the ride-hailing company drives to gain ground on scandal-rocked rival Uber, the Wall Street Journal reported Thursday. Lyft is closing a $500 million funding round in which it saw its valuation sharply spike from about $5.5 billion in previous rounds, according to the … Read more
Forget Uber, Lyft has its sights set on a new competitor – buses. The ride-hailing app is introducing a pilot program in San Francisco and Chicago that mirrors the bus service model with fixed routes and flat rates. Called Shuttle, users walk to predetermined pick-up points, rather than meeting the driver at their exact location, … Read more
Uber chief Travis Kalanick will remain in the driver’s seat as the scandal-tainted on-demand ride service tries to plot a friendlier course with workers, riders and drivers. Board member Arianna Huffington joined executives Tuesday to update journalists on efforts to steady the wheel at the San Francisco-based firm, with help from a second in command … Read more
Uber president Jeff Jones is leaving the company after less than six months. A source at the taxi booking app told the BBC the resignation was “completely unexpected”. They said Mr Jones was frustrated the company was hiring a new chief operating officer and that he was not among the candidates. But according to technology … Read more
Uber president Jeff Jones is leaving the company after less than six months. A source at the taxi booking app told the BBC the resignation was “completely unexpected”. They said Mr Jones was frustrated the company was hiring a new chief operating officer and that he was not among the candidates. But according to technology … Read more
Ridesharing giant Uber took another hit with the departure of its president, Jeff Jones, after just six months, US media reported on Sunday. Jones’ departure comes after a series of difficulties at Uber, Recode and The Wall Street Journal reported. According to Recode, Jones had voiced dissatisfaction with the company’s strategies. Reached by AFP, Uber … Read more
Uber’s rise to the top of the ride-sharing industry is due in large part to its hard-charging founder and chief executive, Travis Kalanick. But while Kalanick has steered Uber to a valuation in the tens of billions of dollars with operations worldwide, he and the company have been bruised by this aggressiveness, prompting a search … Read more
Uber says it will ban a secret software tool from being used to evade undercover regulators. The software, called Greyball, seeks to identify officials around the world trying to catch Uber drivers operating illegally. It then denies them service. The ride-hailing firm has been using the tool to secure early access to cities where its … Read more
Uber says it will ban a secret software tool from being used to evade undercover regulators. The software, called Greyball, seeks to identify officials around the world trying to catch Uber drivers operating illegally. It then denies them service. The ride-hailing firm has been using the tool to secure early access to cities where its … Read more
Uber on Wednesday promised not to use a recently uncovered “Greyball” software program to trick regulators trying to catch drivers breaking the law. The smartphone-summoned ride service last week acknowledged the use of the secret software program to steer drivers away from trouble, including sting operations by local authorities to catch lawbreakers. “We have started … Read more
Uber on Tuesday began searching for a second-in-command to help embattled chief executive Travis Kalanick steady the wheel at the fast-growing on-demand ride service. “This morning I told the Uber team that we’re actively looking for a chief operating officer; a peer who can partner with me to write the next chapter in our journey,” … Read more
After a series of embarrassing revelations, ridesharing giant Uber faces challenges in keeping growth on track, with top executive Travis Kalanick likely to face pressure to give up some control. Analysts say Uber’s rocky past month — marred by disclosures about a culture of sexism and its covert use of law enforcement-evading software — underscores … Read more
As Uber’s gets dented by controversies, on-demand ride rival Lyft is accelerating expansion and out to pick up converts by appearing a friendlier, more sympathic alternative. US-based Lyft lets people summon rides using smartphone apps as does Uber, but has cultivated a reputation as a more socially responsible and driver-friendly version of the service. Lyft … Read more
Uber has been using a secret program to prevent undercover regulators from shutting down the taxi-hailing service in cities around the world. The software, called Greyball, sought to identify officials trying to catch its drivers and deny them service, the New York Times reports. Uber has frequently been at odds with governments – and with … Read more
Uber on Friday 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 after a New York Times report which said the … Read more
Uber chief Travis Kalanick has apologized, acknowledging that “I must fundamentally change as a leader and grow up,” after a video showed him verbally abusing a driver for the service. In a message to Uber employees late Tuesday, Kalanick cited the widely circulated video and said he “treated an Uber driver disrespectfully.” The incident which … Read more
After a dearth of technology listings in 2016, Snapchat parent Snap is set for its market debut as early as this week. The initial public offering (IPO) if successful could presage a wave of listings from the sector’s so-called “unicorns” — those with a valuation of at least $1 billion based on private funding sources. … Read more
Uber boss Travis Kalanick has apologised after a video emerged of him repeatedly swearing at one of the company’s drivers. The outburst came after Fawzi Kamel, who was driving the chief executive, complained his income was falling and blamed Uber’s fare structure. In an email to staff, Mr Kalanick said he was “ashamed” of his … Read more