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Kara Swisher / Recode:
Sources: Airbnb will show $100M in cash-flow profitability for the full year in 2017, as it adds Amex ex-CEO Kenneth Chenault to its board and prepares for IPO   —  It's a small $100 million in cash-flow profitability, but it sets up the short-term home rental company for an IPO in 2018.
Jan 25, 2018, 9:30 PMIn context
Kara Swisher / Recode:
Sources: Sequoia Capital is in the early stages of raising $5B-$6B for its third global fund, as pressure from SoftBank's mega-fund increases   —  Others in tech investing are also mulling how to counter the free-spending by the Japanese investment company.  —  Call it the SoftBank Effect.
Dec 21, 2017, 12:45 PMIn context
Kara Swisher / Recode:
Mozilla countersues Yahoo Holdings and Oath, after they filed against Mozilla last week for switching the default search engine from Yahoo to Google   —  A suit and countersuit are related to a problematic agreement that former CEO Marissa Mayer crafted (badly).
Dec 6, 2017, 8:15 AMIn context
Kara Swisher / Recode:
Sources: even with truce between Benchmark and Kalanick, the deal hinged on the success of SoftBank's tender offer for Uber's secondary shares   —  Employees will be able to sell half their stock  —  A “Peace Deal” to settle an ugly boardroom war at Uber is expected to be signed today or tomorrow.
Nov 12, 2017, 4:12 PMIn context
Kara Swisher / Recode:
Here's the proposal to change Uber's governance, which is aimed at limiting Travis Kalanick's power   —  The changes, listed.  —  Former CEO Travis Kalanick's decision on Friday to appoint two new directors to the board of the car-hailing company did not come out of nowhere, although it was a surprise to the board and its new CEO.
Sep 30, 2017, 10:55 AMIn context
Recode:
Ikea has acquired TaskRabbit and will run it as an independent subsidiary; TaskRabbit has raised around $50M   —  The Swedish home goods giant is looking for some digital help from the contract labor marketplace  —  Swedish home goods giant Ikea has bought TaskRabbit, according to sources close to the situation.
Sep 28, 2017, 11:48 AMIn context
Kara Swisher / Recode:
Expedia CEO will be Uber CEO   —  The board of Uber has voted and wants Expedia Dara Khosrowshahi to be its next CEO.  But here is a shocking twist for those who have had to endure this awful, messy and convoluted process: He has not been officially offered the job as of 15 minutes ago, said sources.
Aug 27, 2017, 8:18 PMIn context
Kara Swisher / Recode:
Former GE CEO Jeff Immelt says he is no longer vying to be Uber CEO   —  He just tweeted.  —  Former GE head Jeff Immelt has pulled out of the race to become Uber CEO and just tweeted his withdrawal from the process.  Immelt, who is currently in Northern California, presented his vision …
Aug 27, 2017, 11:58 AMIn context
Kara Swisher / Recode:
Sources: Uber board expected to vote on CEO today; Jeff Immelt and another candidate presented visions for the firm, but some members still favor Meg Whitman   —  Jeff Immelt and another candidate presented to directors, while Meg Whitman sat on the sidelines awaiting key smoke signals from the board.
Aug 27, 2017, 10:13 AMIn context
Recode:
Facebook hires Liz Spayd, former New York Times public editor, as a consultant to help with its “transparency” efforts   —  She has also worked at the Washington Post and Columbia Journalism Review as a top editor.  —  Facebook has recently hired former New York Times public editor Liz Spayd …
Aug 25, 2017, 7:00 PMIn context

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