Techmeme

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Eric Newcomer / Bloomberg:
Tumult at Uber, including the departure of president Jeff Jones, has complicated the COO search; source says Tim Armstrong and ex-Walt Disney COO in contention   —  Jeff Jones, who resigned as president, clashed with the CEO and unsuccessfully advocated for in-app tipping and other changes.  —  by
Mar 21, 2017, 2:10 PMIn context
Eric Newcomer / Bloomberg:
Dashcam video showing Uber CEO Travis Kalanick lecture “bankrupt” driver about “responsibility” emerges at difficult moment for the company   —  Travis Kalanick tells a driver to take responsibility for his problems and boasts about a tough culture.  —  by
Feb 28, 2017, 7:00 PMIn context
Eric Newcomer / Bloomberg:
Sources: Uber employees of four or more years can sell up to 10% of their shares, paid out over many months if they remain with the company   —  With no public offering imminent, the $69 billion ride-hailing startup is buying back shares from longtime staff.  —  by
Feb 16, 2017, 11:25 AMIn context
Bloomberg:
Some Uber drivers in the US are sleeping in their cars so they can drive in cities with higher fares that are far away from their home, maximizing work hours   —  In the 1970s, the Safeway grocery store in San Francisco's gleaming Marina neighborhood, known as the Social Safeway, was a cornerstone of the pre-Tinder dating scene.
Jan 24, 2017, 7:00 AMIn context
Eric Newcomer / Bloomberg:
Munchery CEO James Beriker says company's co-founders Tri Tran and Conrad Chu will leave at end of the month; sources say company to cut about 30 employees   —  The reductions affected chefs, photographers, and the business side  —  Food delivery startup Munchery cut about 30 employees this week.
Jan 11, 2017, 8:25 PMIn context
Eric Newcomer / Bloomberg Technology:
Review of overlooked tech trends in 2016: faster broadband speeds, growth of digital currencies, the success of tech M&A, more   —  I'm on a flight home to Macon, Georgia, reading Hillbilly Elegy like much of the rest of Silicon Valley.  I'm trying to figure out how I misread the American electorate so fundamentally.
Jan 1, 2017, 2:05 PMIn context
Eric Newcomer / Bloomberg:
Source: Uber lost $2.2B+ in first 9 months of 2016, with $800M+ in Q3 excluding Chinese ops; firm on track to exceed $5.5B in net revenue this year   —  Ride-hailing company's annual loss may hit $3 billion by year's end  —  Even as Uber Technologies Inc. exited China, the company's financial loss has remained eye-popping.
Dec 19, 2016, 9:00 PMIn context
Eric Newcomer / Bloomberg:
Uber expands partnership with WageWorks, which lets UberPool users pay for commutes with pretax funds, to more US cities, including San Francisco, Boston, more   —  Uber Technologies Inc. is expanding a partnership with WageWorks Inc. that allows users of the ride-sharing giant's UberPool service …
Dec 13, 2016, 2:01 PMIn context
Eric Newcomer / Bloomberg:
Opendoor raises $210M led by Norwest Venture Partners to expand to new cities next year, sources say at a valuation of at least $1B   —  Silicon Valley's club of unicorn startups hasn't been growing as fast as it once was, and its newest member is unlike most of is venture-backed peers.
Nov 30, 2016, 6:55 PMIn context
Eric Newcomer / Bloomberg:
Munchery hires James Beriker of Simply Hired as its new CEO amid struggles with food waste   —  Munchery, a San Francisco startup that cooks and delivers meals to hundreds of thousands of customers in a handful of U.S. cities, has begged its cooks to bring down the cost of the ingredients, according to current and former employees.
Nov 21, 2016, 9:30 PMIn context

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