Tag: Uber
SAN FRANCISCO (Reuters) – Dara Khosrowshahi may have been the compromise choice for Uber Technologies Inc’s new chief executive. But for a bitterly divided board of directors at a dysfunctional yet highly innovative company, compromise may be what Uber needs. Khosrowshahi, the 48-year-old CEO of online travel booking company Expedia Inc, is a friendly and […]
SAN FRANCISCO (Reuters) – What is the true cost of an Uber ride? That simple question is often lost among the many controversies facing the ride-services company as it tries to hire a new chief executive and resolve a bitter dispute with the old one, Travis Kalanick. But it may be the most important question […]
News highlights for 14 August 2017 Honesty app Sarahah is becoming a self-esteem machine Sarahah, created in Saudi Arabia by Zain al-Abidin Tawfiq, has become a full-blown fad, taking over the feeds of Twitter and Facebook. Read more… Reliance Jio holds maximum share of 41.01% in overall Indian broadband segment NEW DELHI: Reliance Jioholds the […]
SAN FRANCISCO (Reuters) – Ride-services company Uber is facing a divided board of directors and angry shareholders after investor Benchmark Capital filed a lawsuit against the company’s ousted chief executive, Travis Kalanick, dealing another blow to the firm as it struggles to recover from a series of scandals and hire a new leader. On Friday […]
News highlights for 3 August 2017 Facebook to step up fact-checking in fight against fake news BERLIN (Reuters) – Facebook is to send more potential hoax articles to third-party fact checkers and show their findings below the original post, the world’s largest online social network said on Thursday as it tries to fight so-called fake […]
News highlights for 29 June Ukraine power company hit by different computer virus KIEV (Reuters) – Ukrainian state power distributor Ukrenergo was hit by another cyber attack on Thursday which used a computer virus different from one that hit Ukraine on Tuesday, said Ukrenergo’s acting head said. Read more… RadioShack creditors sue Sprint over job […]
(Reuters) – Uber Technologies Inc co-founder Travis Kalanick stepped down as chief executive of the ride-hailing service, following intense pressure from investors, a company spokesman said on Wednesday. Kalanick’s resignation comes after a months-long investigation led former U.S. Attorney General Eric Holder, who was hired by Uber to look into its culture and workplace practices […]
Uber is now even more on the back foot. The partnership between Waymo and Lyft puts Lyft streets ahead of Uber when it comes to developing autonomous cars but is likely to cost it heavily in the coinage of data. Uber has described autonomous autos as “existential” to its long-term future and in that regard this […]
SAN FRANCISCO (Reuters) – The U.S. Department of Justice has begun a criminal investigation into Uber Technologies Inc’s use of a software tool that helped its drivers evade local transportation regulators, two sources familiar with the situation said. Uber has acknowledged the software, known as “Greyball,” helped it identify and circumvent government officials who were […]
News highlights for 27 March Ericsson CEO sets out new strategy, write downs coming STOCKHOLM (Reuters) – Ericsson will refocus its business for managed services, explore options for its loss-making media arm and take several writedowns, in a first move from its new CEO to lead the telecoms equipment maker out of its worst crisis […]
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