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Eric Newcomer / Bloomberg:
Uber's head of strategic finance, Prabir Adarkar, leaves to be the new CFO of DoorDash as Uber's three-year search for a CFO continues ahead of next year's IPO   —  Food delivery startup DoorDash Inc. named Prabir Adarkar as chief financial officer, poaching the most senior leader of Uber Technologies Inc.'s finance department.
Jul 19, 2018, 2:05 PMIn context
Bloomberg:
Uber is investing in Lime as part of $335M round led by GV that values the firm at $1.1B; Uber plans to promote Lime through its app, execs from the firms said   —  - Ride-hailing company invests as part of $335 million round  — Alphabet's GV leads deal valuing Lime at $1.1 billion
Jul 9, 2018, 11:32 AMIn context
Bloomberg:
Sources: Chinese on-demand services provider Meituan Dianping plans IPO in Hong Kong to raise ~$6B at a $60B valuation, listing as soon as this month   —  - Company is said to consider selling about 10% stake in IPO  — IPO would be another sign of rising Chinese technology might
Jun 12, 2018, 12:05 PMIn context
Bloomberg:
Sources: Microsoft has agreed to acquire GitHub; the deal could be announced as soon as Monday   —  - Companies are said to plan announcement as soon as Monday  — San Francisco-based startup was valued at $2 billion in 2015  —  Microsoft Corp. has agreed to acquire GitHub Inc. …
Jun 3, 2018, 4:35 PMIn context
Bloomberg:
Sources: Bird, an electric scooter-sharing startup, is raising $150M led by Sequoia Capital at a $1B valuation and has plans to raise more for this round   —  - The $150 million round will help Bird fend off competition  — CEO Travis VanderZanden was formerly a leader at Uber and Lyft
May 29, 2018, 6:13 PMIn context
Eric Newcomer / Bloomberg:
Without windfalls from sales of international businesses, Uber had Q1 2018 loss of $312M before interest, taxes, and other expenses, half of Q1 2017 loss   —  - Investors agree to buy up to $600 million in Uber shares  — Coatue, Altimeter and TPG purchase values Uber at $62 billion
May 23, 2018, 6:15 PMIn context
Eric Newcomer / Bloomberg:
Following Seattle's “head tax” law, San Francisco, Mountain View, Cupertino, and East Palo Alto look to introduce laws taxing big tech companies per employee   —  Mountain View, East Palo Alto, Cupertino and San Francisco blame the industry for inequality and overcrowding.
May 23, 2018, 3:15 PMIn context
Bloomberg:
Uber confirms that Don Burnette, a co-founder of self-driving trucking startup Otto, has left Uber, making him the fourth and final Otto co-founder to leave   —  With the recent departure of Don Burnette, all four co-founders of driverless trucking company Otto have now left Uber Technologies Inc. …
Apr 18, 2018, 3:35 PMIn context
Eric Newcomer / Bloomberg:
CA housing bill that would allow new multistory apartments near public transport has support from Twitter, Facebook, Yelp, Stripe, Lyft, and a new “YIMBY” group   —  Well-paid tech jobs helped lead to most expensive housing market in the country  —  California is bracing …
Mar 28, 2018, 5:35 PMIn context
Bloomberg:
Grab to acquire all of Uber's operations in Southeast Asia, including UberEats; Uber gets 27.5% stake in Grab, and Uber CEO will join Grab's board   —  Grab to buy ride-sharing, food delivery businesses in region  —  Uber gets 27.5% stake in rival, CEO to join Grab's board
Mar 26, 2018, 12:40 AMIn context

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