Techmeme

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Greg Bensinger / Wall Street Journal:
Uber board member Arianna Huffington says the firm will likely reach a deal with SoftBank within a week   —  Uber board member Arianna Huffington says the Japanese firm could get a sizable stake in the ride-hailing firm  —  Media mogul Arianna Huffington said it's time to stop worshipping …
Oct 17, 2017, 4:15 PMIn context
Wall Street Journal:
Interview with Uber's HR chief Liane Hornsey on the firm's efforts to improve its work culture since Susan Fowler's blog post   —  HR chief Liane Hornsey talks about what steps the company has taken, and what's still ahead  —  Can Uber Technologies Inc. become a place women want to work?
Oct 9, 2017, 4:55 PMIn context
Greg Bensinger / Wall Street Journal:
Travis Kalanick appoints former Xerox CEO Ursula Burns and former CIT Group CEO John Thain to Uber board in move bolstering his clout, defying Benchmark Capital   —  Surprise move to appoint Ursula Burns and John Thain bolsters former CEO's clout  —  Uber Technologies Inc.'s ousted chief executive …
Sep 29, 2017, 8:05 PMIn context
Greg Bensinger / Wall Street Journal:
Uber shuts down its US auto-leasing business, affecting ~500 jobs, to find “a less capital-intensive approach” after it underestimated the loss per vehicle   —  Decision to close down Xchange Leasing will affect some 500 jobs  —  Uber Technologies Inc. on Wednesday confirmed …
Sep 27, 2017, 2:44 PMIn context
Greg Bensinger / Wall Street Journal:
Sources: Benchmark has told Uber investors it's unlikely to sell any shares to the Softbank consortium, complicating its proposed ~$10B investment in Uber   —  Benchmark representative was only Uber director to vote against deal terms to SoftBank  —  As Uber Technologies Inc. works to finalize …
Sep 21, 2017, 5:20 PMIn context
Wall Street Journal:
Sources: SoftBank could invest up to $10B in Uber for a 17-22% stake, with one source saying the negotiations could conclude as early as next week   —  Japanese firm proposes investment that could total as much as $10 billion  —  An ambitious, monthslong drive by SoftBank Group Corp. 9984 -1.04% …
Sep 14, 2017, 4:00 PMIn context
Wall Street Journal:
Sources: FBI is investigating Uber over use of defunct “Hell” program that tracked drivers working for competitors like Lyft   —  Investigators looking at whether Uber's defunct ‘Hell’ internal program was used to interfere illegally with competitors
Sep 8, 2017, 8:40 AMIn context
Greg Bensinger / Wall Street Journal:
In first appearance before Uber staff, Khosrowshahi says timeline for Uber IPO is 18-36 months, and he wants to bring in a chairman to be his partner on board   —  In first appearance before ride-hailing firm's employees, Dara Khosrowshahi says timeline for IPO between 18 to 36 months
Aug 30, 2017, 4:30 PMIn context
Greg Bensinger / Wall Street Journal:
US court of appeals rules online ToS are binding irrespective of whether users read them, no matter how long or hard to read companies like Uber make them   —  Federal court finds online agreements are binding, regardless of whether customers read or understand them
Aug 19, 2017, 10:55 AMIn context
Greg Bensinger / Wall Street Journal:
Sources: Uber plans to close or sell most of its US car-leasing division to stem unsustainably high losses, just two years after starting the business   —  Move by the ride-hailing company is due to unsustainably high losses  —  Uber Technologies Inc. plans to wind down its U.S. subprime car-leasing division …
Aug 8, 2017, 10:55 AMIn context

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