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Uber’s Board Approves Huge Investment While Reducing Founder Kalanick’s Influence

Amid spat with founder.Uber directors on Tuesday voted to allow Japan’s SoftBank to invest in the ride services company and approved a series of governance changes that increases the independence of the board and decreases the influence of former CEO Travis Kalanick. The company is seeking to shore up its reputation after a series of scandals More...

by kradzcalypse | Published 2 weeks ago
By kradzcalypse On Sunday, October 1st, 2017
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Uber’s New CEO Is ‘Disappointed’ With Travis Kalanick’s Board Moves

New Uber CEO Dara Khosrowshahi said he’s disappointed that the ride-sharing app’s recently ousted founder Travis Kalanick had appointed two new board members without consulting the rest of company leadership. In More...

By kradzcalypse On Sunday, September 24th, 2017
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A Humbled Uber Pleads With London: Please Meet With Us

Uber is preparing an effort to reverse London regulators’ decision to take away its operating license. While some of its tactics will sound familiar, the company, now under pressure, is also showing its softer More...

By kradzcalypse On Tuesday, August 29th, 2017
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Uber’s New CEO Speaks Publicly About His Role for the First Time

Expedia Chief Executive Officer Dara Khosrowshahi spoke publicly Tuesday for the first time since being picked to lead Uber Technologies Inc. “Uber is a company that is redefining the transportation industry More...

By kradzcalypse On Tuesday, July 4th, 2017
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Uber Looks Like It Is Losing Another Big Case In EU’s Highest Court

Uber is on the verge of another legal blow to its business model, after senior lawyers at the EU’s highest court sided with the French government in a landmark case against the ride-hailing company. The legal More...

By kradzcalypse On Wednesday, June 21st, 2017
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Scandal-Ridden Uber CEO Travis Kalanick Forced To Resign!

This ride couldn’t last forever. After months of being plagued by scandal and criticism, Uber CEO Travis Kalanick resigned from the company on Tuesday under pressure from investors. The New York Times reports More...

By kradzcalypse On Wednesday, June 21st, 2017
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Uber CEO Travis Kalanick Resigns Amid Controversy

Uber CEO Travis Kalanick has resigned from the transportation company, amid months of controversy concluding in a revolt from its shareholders. Uber has been hit with high-profile sexual harassment complaints from More...

By kradzcalypse On Wednesday, June 21st, 2017
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Uber and Out

Travis Kalanick, visionary and pantomime villain, has resigned as CEO of Uber—under pressure from shareholders, as the New York Times, which broke the news, would have it. The NYT said five of Uber’s biggest More...

By kradzcalypse On Tuesday, June 6th, 2017
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Lyft’s Newest Partnership Could Bring Self-Driving Cars on the Road Soon

If you’re hailing a Lyft in the Boston area, don’t be surprised if there’s no one behind the wheel. Today, Lyft is announcing a partnership with Cambridge, Mass.-based self-driving car startup nuTonomy to More...

By kradzcalypse On Monday, June 5th, 2017
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Uber Criticized for Surge Pricing During London Attack

Uber drew criticism on Sunday by London users accusing the cab-hailing app of charging surge prices around the London Bridge area during the moments after the horrific terror attack there. On Saturday night, some More...

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