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Report: Uber Paid Hackers After Data Theft From 57 Million Riders, Drivers
Wednesday, November 22, 2017 - 2:47pm | 361Uber's public relation nightmares aren't going away despite a change in leadership. The company announced Wednesday that it was the victim of a 2016 data breachn that resulted in the theft of data from more than 57 million users and drivers. But on Wednesday the company released a...
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Weinstein, Kalanick And The Cult Of Personality
Saturday, October 21, 2017 - 9:14am | 608"Cult of personality" companies have taken a hit in 2017. A cult of personality emerges when someone utilizes propaganda and/or mass media to create a impossibly perfect persona. Similarly to sociologist Max Weber's "charismatic authority," a cult of personality embodies "an idealized,...
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Report: Lyft IPO Could Be Near
Thursday, September 28, 2017 - 7:43am | 387Lyft, a ride-hailing platform that is smaller in size compared to its biggest rival Uber, is taking the first steps toward filing for an initial public offering, Reuters reported. Lyft is said to be seeking out the services of an IPO advisory firm to help Lyft's management pick bankers and...
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Will The Bromance Between Uber's New CEO And Co-Founder Last?
Friday, September 1, 2017 - 8:33am | 320Uber's recently appointed CEO Dara Khosrowshahi and ousted CEO and co-founder Travis Kalanick are getting along and could be building a bit of a bromance. Kalanick earned a reputation as being a bit of a wildcard and was reportedly plotting a return to power by "Steve Jobs-ing it." But Kalanick...
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We Know How Uber's New CEO Got His Job, Thanks To A Leak
Thursday, August 31, 2017 - 1:25pm | 375Dara Khosrowshahi's tenure as Uber's new chief is off to a bit of a rocky start as an audio leak exclusively obtained by Yahoo News gives some background on how he obtained the job. Khosrowshahi hosted his first meeting as head of Uber and told the ride-hailing company's employees he was first...
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Some Of Uber's Shareholders Aren't Confident Immelt Could Handle Kalanick's Wild Side
Friday, August 25, 2017 - 9:12am | 362Jeffrey Immelt, the former CEO of General Electric Company (NYSE: GE), reportedly isn't ready to retire from the business world and wants to take over the vacant CEO spot at Uber. Despite his experience in running a Dow-component global behemoth, he may not have the full support of Uber's investors...
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Cramer Doesn't Understand Why Ex-GE CEO Immelt Would Want To Run Uber
Monday, August 21, 2017 - 12:23pm | 352Ex-General Electric Company (NYSE: GE) CEO, Jeffrey Immelt, is reportedly eyeing the vacant CEO title at the ride-hailing company Uber. But why he would want this job is confusing to some, including CNBC's Jim Cramer. The fact Immelt is considering the CEO job at Uber is an indication that he wasn'...
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Ex-GE CEO Immelt Could Be Heading To Silicon Valley To Run Uber, Report Says
Monday, August 21, 2017 - 8:32am | 395Jeff Immelt didn't have to wait long for a job offer after resigning as CEO of General Electric Company (NYSE: GE) back in June, Recode reported. The executive is now considered to be the front-runner candidate to take over the vacant position of CEO of Uber. Immelt brings to the table the...
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Travis Kalanick Sued For Fraud By Benchmark Capital, An Early Uber Investor
Thursday, August 10, 2017 - 4:01pm | 419Benchmark Capital filed a lawsuit against former Uber CEO Travis Kalanick Thursday for fraud, breach of contract and breach of fiduciary duty, an attempt by the venture capital firm to boot Kalanick from his seat on the board. The complaint, filed in Delaware Chancery Court and first reported by...
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Rant Against Diversity By Google Software Engineer Goes Viral, Leads To Dismissal
Monday, August 7, 2017 - 10:22am | 736A 10-page rant against Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL)'s moves toward diversity has gone viral at a time when Silicon Valley is under fire for its treatment of women and minorities. The memo by an unnamed male software engineer at the company, which prompted a pointed rebuke from...
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Travis Kalanick Is 'Steve Jobs-ing It' And Seeking A Return To Power
Monday, July 31, 2017 - 3:31pm | 460Travis Kalanick was ousted from Uber Technologies Inc., the ride-hailing company he co-founded in 2009. Sounds familiar? It should as the late Steve Jobs co-founded Apple Inc. (NASDAQ: AAPL) in 1976 only to resign in 1985. But Jobs came back to lead Apple in 1997 as an "interim" CEO...
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Meg Whitman Shoots Down Uber Rumors For Good
Friday, July 28, 2017 - 8:38am | 348Hewlett Packard Enterprise Co (NYSE: HPE)'s CEO Meg Whitman is not leaving her job to fill the vacant CEO post at Uber Technologies, Inc. The executive's name has been floating around this week as a possible successor to Uber's co-founder and recently ousted CEO Travis Kalanick. A spokesperson...
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Uber's Next CEO: Meg Whitman, Anne Finucane The Latest Names Being Floated Around
Wednesday, July 26, 2017 - 8:31am | 426Uber Technologies, Inc. has a vacant CEO spot after the company's co-founder Travis Kalanick was pushed out. One of the most notable names being floated around to assume top ranks at the ride-sharing platform is current Hewlett Packard Enterprise Co (NYSE: HPE) CEO Meg Whitman. Whitman, former...
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Can Uber Make A Profit?
Saturday, July 8, 2017 - 9:05am | 1266Fans of Uber’s hail-a-ride app praise Uber for filling a void in urban, on-demand transportation. But as the company deals with the fallout from the ouster of CEO Travis Kalanick and ongoing questions about its leadership and direction, one of the biggest questions facing investors and the...
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You Want That For Hurl Or To Go? Uber Drivers More Concerned With Puking Passengers Than Boardroom Shenanigans
Friday, June 30, 2017 - 3:06pm | 781Up in the executive suite, while Travis Kalanick was getting ousted almost operatically as CEO of his own creation, Uber Technologies Inc, another part of the company just sped along, picking up passengers in a world where real rubber meets actual road. “I’m pretty sure I’ve taken...