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Eric Newcomer / Bloomberg:
Uber says Q4 net revenue was $2.22B, up 61% YoY, total value of fares was $11B, UberEats is ~10% of its business, and it lost $4.5B on $7.5B sales in 2017   —  Uber Technologies Inc. had a painful 2017, but the business managed to grow.  —  Adjusted net revenue last quarter increased 61 percent …
Feb 13, 2018, 7:15 PMIn context
Bloomberg:
Sources: Waymo asked for $500M and outside monitor review of Uber's self-driving software to settle, Uber initially rejected the deal, agreed to reduced amount   —  Waymo won main goal to get outside review of Uber's software  —  New Uber leaders decided not to fight someone else's battle
Feb 9, 2018, 5:30 PMIn context
Bloomberg:
A behind-the-scenes look at Travis Kalanick's fall at Uber: from Susan Fowler's blog post and Waymo's lawsuit to the fight with Benchmark Capital's Bill Gurley   —  Silicon Valley CEOs are supposed to be sacrosanct.  So how did it all go wrong at Uber?  —  A year ago, before the investor lawsuits …
Jan 18, 2018, 10:15 AMIn context
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

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