Techmeme

Results 21 - 30 of about 105:

Bloomberg:
Sources: in 2015-2016 Uber used “Ripley” tool to remotely shut down the company's devices and shield files and data from police raids in foreign countries   —  At least two dozen times, the San Francisco headquarters locked down equipment in foreign offices to shield files from police raids.
Jan 11, 2018, 8:30 AMIn context
Eric Newcomer / Bloomberg:
Sources: Kalanick plans to sell ~29% of his 10% Uber stake, worth about $1.4B, to SoftBank consortium after offering 50%, the maximum allowed for board members   —  Former Uber Technologies Inc. Chief Executive Officer Travis Kalanick, who has long boasted that he's never sold any shares …
Jan 4, 2018, 9:05 PMIn context
Eric Newcomer / Bloomberg:
Uber says it has hired Barney Harford, former CEO of online travel site Orbitz that was acquired by Expedia in 2015, as its COO   —  Harford becomes company's second-highest ranking executive  —  Uber CEO Dara Khosrowshahi worked with Harford at Expedia  —  Barney Harford …
Dec 20, 2017, 11:23 AMIn context
Eric Newcomer / Bloomberg:
Sources: Uber's net loss widens to $1.46B in Q3, gross bookings rose to $9.71B vs $8.74B in Q2, with a net loss in Q2 of $1.06B   —  Uber Technologies Inc.'s net loss widened to $1.46 billion in the third quarter, according to people with knowledge of the matter, a sign that the ride-hailing leader …
Nov 28, 2017, 10:15 PMIn context
Eric Newcomer / Bloomberg:
Sources: SoftBank offers to buy secondary Uber shares at $48B valuation, 30% below Uber's recent $69B valuation, and will also invest $1B+ at $69B valuation   —  The price is 30% below Uber's last primary round, people say  —  A slate of investors has agreed to sell shares for the deal
Nov 27, 2017, 8:05 PMIn context
Eric Newcomer / Bloomberg:
Uber fires CSO, says in Oct '16 personal info of 50M riders, 7M drivers, including 600K driver's license numbers, stolen; Uber paid hackers $100K to delete data   —  Company paid hackers $100,000 to delete info, keep quiet  —  Chief Security Officer Joe Sullivan and another exec ousted
Nov 21, 2017, 5:15 PMIn context
Eric Newcomer / Bloomberg:
Sources: Uber-SoftBank deal to see investors buying $1B of Uber shares at current valuation, proceed with $9B tender offer for secondary shares in coming weeks   —  Uber moves closer to selling up to $10 billion in shares  —  Benchmark agrees to put suit against Uber co-founder on hold
Nov 12, 2017, 3:29 PMIn context
Bloomberg:
Leaked Lyft investor document projects the service will command about a third of US ride hailing market by the end of the year, see losses of about $600M   —  Projections see Lyft sales rise, losses of $600 million  —  Fidelity, another Uber backer, may join Alphabet in new round
Nov 10, 2017, 8:45 PMIn context
Bloomberg:
Airbnb's China chief Hong Ge resigns abruptly after four months on the job; its regional director for Asia Pacific Kum Hong Siew will take over in the interim   —  Airbnb still faces stiff challenges from local competitors  —  In a blow to Airbnb Inc., the head of the company's China business …
Oct 24, 2017, 10:35 AMIn context
Eric Newcomer / Bloomberg:
Sources: Uber faces at least five criminal probes from US DoJ, two more than previously reported, including possible violation of price-transparency laws   —  Shortly after taking over Uber Technologies Inc. in September, Dara Khosrowshahi told employees to brace for a painful six months.
Oct 11, 2017, 4:55 AMIn context

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