Techmeme

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Greg Bensinger / Wall Street Journal:
Sources: Uber Chief Business Officer Emil Michael is planning to resign as soon as Monday   —  Uber Technologies Inc. executive Emil Michael, one of Chief Executive Travis Kalanick's closest confidants, is planning to resign as soon as Monday amid an ongoing investigation into the company's workplace culture …
Jun 11, 2017, 12:27 PMIn context
Greg Bensinger / Wall Street Journal:
Uber is in advanced talks to acquire the engineering team of Luxe, a car-parking startup which has raised a total of $75M+   —  While Uber Technologies wrestles with a string of controversies, the ride-hailing company is in advanced talks to acquire much of the engineering team …
Jun 8, 2017, 5:00 PMIn context
Greg Bensinger / Wall Street Journal:
Uber says Q1 revenue was $3.4B, up 18% from last quarter, loss was $708M, down from $991M; head of finance Gautam Gupta to leave July   —  Uber said its head of finance is leaving as the ride-hailing company reported continued big losses despite growing revenue, adding to an exodus …
May 31, 2017, 8:25 PMIn context
Greg Bensinger / Wall Street Journal:
Uber underpaid NYC drivers for past 2.5 years, is refunding them the difference plus interest, which may cost the firm upwards of $45M   —  The ride-hailing company says it is refunding the money after miscalculating its commissions  —  Uber Technologies Inc. on Tuesday said it mistakenly underpaid …
May 23, 2017, 1:20 PMIn context
Greg Bensinger / Wall Street Journal:
Uber's union fight in Seattle continues as Teamsters seek access to driver contact info; Uber using podcasts, text messages to dissuade drivers from unionizing   —  Ride-hailing firm sends podcasts and messages through app to persuade drivers to remain as ‘partners’
Mar 12, 2017, 8:45 PMIn context
Wall Street Journal:
Airbnb sued in California and Florida by AIMCO, a landlord that manages about 50K apartments across US, for allegedly helping tenants breach their leases   —  Apartment Investment & Management Co. alleges Airbnb is helping tenants breach their leases  —  One of the largest U.S. apartment landlords …
Feb 17, 2017, 3:30 PMIn context
Greg Bensinger / Wall Street Journal:
Jan 9, 2017, 2:40 PMIn context
Greg Bensinger / Wall Street Journal:
Lyft more than doubles Q4 ridership year-over-year to 52.6M, with 18.7M in December alone compared to Uber's 78M   —  President John Zimmer says the is paring back incentives and is on a path toward overall profitability  —  Ride-hailing service Lyft Inc. more than doubled its quarterly ridership …
Jan 5, 2017, 11:45 AMIn context
Wall Street Journal:
Alphabet's David Drummond stepped down from Uber's board several weeks ago due to overlap of interests between the two companies   —  Move comes amid increasing competition between two tech companies  —  Uber Technologies Inc. on Monday said a longtime Alphabet Inc. executive has left …
Aug 29, 2016, 7:40 PMIn context
Wall Street Journal:
Sources: Wal-Mart is in talks to buy online retailer Jet.com; one source says Jet.com could be valued at up to $3B in private markets   —  Jet.com launched one year ago and raised more than $500 million  —  Wal-Mart Stores Inc. is in talks to buy online discount retailer Jet.com Inc. …
Aug 3, 2016, 11:25 AMIn context

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