Uber Technologies Inc.

[weijian]

While Mr Kalanick's personality and drive resonates within Uber's culture and is one of its chief reasons for success thus far, someone else might be better suited for future growth/competition? (at least that maybe how the Board of its "Financiers" see it)

Uber Founder Travis Kalanick Resigns as C.E.O.

Travis Kalanick stepped down Tuesday as chief executive of Uber, the ride-hailing service that he helped found in 2009 and built into a transportation colossus, after a shareholder revolt made it untenable for him to stay on at the company.

Mr. Kalanick’s exit came under pressure after hours of drama involving Uber’s investors, according to two people with knowledge of the situation, who asked to remain anonymous because the details were confidential.

https://www.nytimes.com/2017/06/21/techn...anick.html

[weijian]

Scoop: Benchmark Capital sues Travis Kalanick for fraud

The battle between Benchmark Capital and Travis Kalanick just went nuclear, with the venture capital firm suing the former Uber CEO for fraud, breach of contract and breach of fiduciary duty. The complaint was filed earlier today in Delaware Chancery Court.

https://www.axios.com/benchmark-capital-...55477.html

[weijian]

In today's context, Kalanick and Camp's 2008 pitch is most probably irrelevant now. But comparing the founders' 2008 idea of Uber and their current form, it is interesting to see how much the founders themselves underestimated in terms of breadth and depth that UBER would come to cover. Seems like they were also flexible enough at each junction to ditch any irrelevant ideas or seize those moments when it mattered.

Take a look at Uber’s first pitch deck from 2008

https://www.recode.net/2017/8/23/1618904...er-startup

[specuvestor]

(Bloomberg) -- 
Uber Technologies Inc.’s license to operate in London was revoked, a surprise decision that could affect the 3.5 million people and 40,000 drivers who use the app in the city.
The city’s transportation regulator, Transport for London, said the license will expire on Sept. 30. Regulators said it denied the license because Uber’s "approach and conduct demonstrate a lack of corporate responsibility."

[Art or Science]

Petition against Uber's London ban hits 500,000

http://www.channelnewsasia.com/news/tech...00-9244478

[TTTI]

Petition against Uber's London ban hits 500,000

http://www.channelnewsasia.com/news/tech...00-9244478

Uber is such a disgrace
They're lucky there isn't another app based competitor.
If Grab had a presence in London, they'd be screwed.
Nobody would petition for them as there'd be another player to take over their market share

[YMPL]

Petition against Uber's London ban hits 500,000

http://www.channelnewsasia.com/news/tech...00-9244478

Uber is such a disgrace
They're lucky there isn't another app based competitor.
If Grab had a presence in London, they'd be screwed.
Nobody would petition for them as there'd be another player to take over their market share

http://www.telegraph.co.uk/technology/20...ts-global/

Lyft probably the choice of authority, together with other smaller players.

No authority likes Uber's "GreyBall". The bigger the company, the bigger the worry to lose control. Taking drivers and regulator as partners, rather than competitors should be the way to go.

[choya]

https://www.bostonglobe.com/business/201...story.html

Maybe just an anecdotal evidence.
Was at a popular restaurant in CDB. Surprised to see 90% of takeaways are handled by UberEats during lunch time rush hour instead of the traditional players in this space. Food for thought for Grab?

[cyclone]

Uber will accept an investment from Japanese giant SoftBank, resolves to go public by 2019

By Deirdre Bosa | Anita Balakrishnan | Lora Kolodny
Published 7 Hours Ago  Updated 6 Hours Ago

Uber said on Tuesday that it will accept an investment from Japanese tech investor SoftBank, joining a growing portfolio of U.S. technology investments made by intrepid mogul Masayoshi Son.

The investment will be between $1 billion and $1.25 billion at the company's last reported valuation of $69 billion, sources told CNBC.

One source said that having new board members Ursula Burns (on the phone) and John Thain (in the room) was a "turning point" that helped get the deal done.

The board also passed a resolution to go public by 2019.

More details in https://www.cnbc.com/2017/10/03/softbank...eting.html

[cyclone]

Uber Paid Hackers to Delete Stolen Data on 57 Million People

By Eric Newcomer
November 22, 2017, 5:58 AM GMT+8 Updated on November 22, 2017, 11:21 AM GMT+8

Hackers stole the personal data of 57 million customers and drivers from Uber Technologies Inc., a massive breach that the company concealed for more than a year. This week, the ride-hailing firm ousted its chief security officer and one of his deputies for their roles in keeping the hack under wraps, which included a $100,000 payment to the attackers.

Compromised data from the October 2016 attack included names, email addresses and phone numbers of 50 million Uber riders around the world, the company told Bloomberg on Tuesday. The personal information of about 7 million drivers was accessed as well, including some 600,000 U.S. driver’s license numbers. No Social Security numbers, credit card information, trip location details or other data were taken, Uber said.

At the time of the incident, Uber was negotiating with U.S. regulators investigating separate claims of privacy violations. Uber now says it had a legal obligation to report the hack to regulators and to drivers whose license numbers were taken. Instead, the company paid hackers to delete the data and keep the breach quiet. Uber said it believes the information was never used but declined to disclose the identities of the attackers.

More details in https://www.bloomberg.com/news/articles/...ple-s-data