Results 21 - 30 of about 322:

Dan Primack / Axios:
Uber board voted to proceed with SoftBank talks, moves ahead with some governance changes; source says shareholder super-voting rights were removed   —  Uber's board of directors today failed to approve governance changes that would have formally prevented former CEO Travis Kalanick …
Oct 3, 2017, 6:42 PMIn context
Dan Primack / Axios:
Crowdsourced hardware maker Quirky, which filed for bankruptcy in 2015, relaunches with a similar focus but plans to license products for manufacture   —  Quirky once was one of the tech world's most-watched startups, raising around $200 million to build a platform whereby inventors …
Sep 26, 2017, 11:10 PMIn context
Dan Primack / Axios:
Sources: e-commerce company Wish is raising $250M at an ~$8B valuation, after raising $500M in December 2016   —  E-commerce company Wish is raising around $250 million in new funding at a valuation of around $8 billion, Axios has learned from multiple sources.
Sep 14, 2017, 1:55 PMIn context
Dan Primack / Axios:
Sources: FanDuel raising between $30M and $40M in new financing from existing investors; deal will be structured as a convertible note   —  Fantasy sports site FanDuel is in the process of raising between $30 million and $40 million in new financing from existing investors, Axios has learned.
Sep 14, 2017, 12:15 AMIn context
Dan Primack / Axios: CEO Tim Sullivan steps down and will transition into a chairman role on October 1; Ancestry's IPO is now delayed   —  Tim Sullivan is stepping down as CEO of geneology site, which has been gearing up to go public.  The company was most recently valued at $2.6 billion.
Sep 12, 2017, 10:55 AMIn context
Dan Primack / Axios:
Dara Khosrowshahi is officially Uber CEO, according to an email from company's board to employees; Travis Kalanick says he “couldn't be happier”   —  Uber's board of directors this evening sent an email to company employees, saying that it voted unanimously to name current Expedia boss Dara Khosrowshahi as its next CEO.
Aug 29, 2017, 10:40 PMIn context
Dan Primack / Axios:
In Q2, Uber had gross bookings of $8.7B, up 17% QoQ, revenue of $1.75B, up from Q1's $1.5B, net loss of $645M, down ~9% QoQ, 14% YoY; global trips rose 150% YoY   —  Uber's gross bookings were up 17% in the second quarter, the number of trips taken rose 150% in the past year and its adjusted loss fell …
Aug 23, 2017, 4:08 PMIn context
Dan Primack / Axios:
Shervin Pishevar and two other Uber investors demand that Benchmark, which sued Travis Kalanick for fraud, give up its Uber board seat and sell its Uber shares   —  A group of Uber investors has asked that venture capital firm Benchmark step down from the company's board of directors, Axios has learned.
Aug 11, 2017, 6:20 PMIn context
Dan Primack / Axios:
Benchmark sues Kalanick for fraud, wants to invalidate 2016 stockholder vote, which would eliminate 3 board seats for Kalanick appointees, including Kalanick's   —  The battle between Benchmark Capital and Travis Kalanick just went nuclear, with the venture capital firm suing the former Uber CEO for fraud …
Aug 10, 2017, 3:20 PMIn context
Dan Primack / Axios:
Memo: SoundCloud asks investors to approve reorganization proposal; if accepted, new $170M round will close Friday at pre-money valuation of $150M   —  Tomorrow is do or die for SoundCloud, the struggling streaming music company that recently laid off 40% of its staff despite having raised over $230 million in venture capital.
Aug 10, 2017, 1:45 PMIn context

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