Posts filtered by tags: Dara Khosrowshahi‏[x]


 

Mailchimp employees react with anger after Intuit announces deal to buy the startup for $12 billion

Welcome back to Insider Weekly. I'm Matt Turner, co-editor in chief of business.Regular readers might notice a few subtle changes to this newsletter. The goal: To take you inside some of the top stories of the past week, and connect you with the reporters behind them.This week, you'll hear from correspondent Ben Bergman. His story breaks down why Mailchimp staffers are furious over its $12 billion sale to Intuit. Since his story published, Ben's been hearing from employees at other c...
Tags: Google, Hollywood, Saudi Arabia, White House, Newsletter, Trends, Tech, Getty Images, Fbi, Afghanistan, Dick Cheney, Intuit, Mailchimp, Cto, Don, Ben


10 things in tech you need to know today

Apple Good morning and welcome to 10 Things in Tech. If this was forwarded to you, sign up here. ​​Plus, download Insider's app for news on the go - click here for iOS and here for Android.Let's get started.1. Apple unveiled a bunch of new tech yesterday. The company announced its new iPhones (including an iPhone Mini!) with better camera features and battery life. Plus, it released a new Apple Watch with a slew of updates (including that it can tell if you fall off your bike). ...
Tags: Apple, Google, Amazon, Facebook, Spacex, Instagram, Microsoft, New York City, US, Newsletter, Trends, Tech, Databricks, Newsletters, Steve Wozniak, Dara Khosrowshahi


Awaiting the cinema-advertising bounceback

Hello and welcome back to Insider Advertising, your weekly look at the biggest stories and trends affecting Madison Avenue and beyond. I'm Lara O'Reilly, Insider's media and advertising editor. If this was forwarded to you, sign up here.Well, it's goodbye to another weird summer and hello to the fall TV season, which hopefully will be back with a bang now that we appear to be over the worst of the pandemic-induced in-person production disruptions. Among the anticipated big audien...
Tags: Google, Facebook, Uber, Mark Zuckerberg, Hollywood, Abc, Amc, Advertising, Newsletter, Trends, CMO, Walmart, Cinema, David Marcus, IAC, Nielsen


Insider Advertising: Awaiting the cinema-advertising bounceback

Hello and welcome back to Insider Advertising, your weekly look at the biggest stories and trends affecting Madison Avenue and beyond. I'm Lara O'Reilly, Insider's media and advertising editor. If this was forwarded to you, sign up here.Well, it's goodbye to another weird summer and hello to the fall TV season, which hopefully will be back with a bang now that we appear to be over the worst of the pandemic-induced in-person production disruptions. Among the anticipated big audien...
Tags: Google, Facebook, Uber, Mark Zuckerberg, Hollywood, Abc, Amc, Advertising, Newsletter, Trends, CMO, Walmart, Cinema, David Marcus, IAC, Nielsen


Inside Uber's effort to become the Amazon of transportation

Uber CEO Dara Khosrowshahi joined the company in 2017. Philip Pacheco/AFP via Getty Images Uber CEO Dara Khosrowshahi has reshaped the company in his four years at the helm. He focused first on fixing Uber's troubled culture. He has since turned his attention to making Uber profitable and building up its delivery service. See more stories on Insider's business page. Four years after arriving at Uber in the midst of a crisis, CEO Dara Khosrowshahi has left his mark on the company. A...
Tags: Amazon, Transportation, Lyft, Uber, Congress, US, Trends, Features, New York Times, Portugal, Costco, South China Morning Post, Albertsons, David Wong, Dara Khosrowshahi, Mark Matousek


A growing number of companies, from Match to GoDaddy to Uber, have spoken out against Texas' restrictive new abortion law

Bumble CEO Whitney Wolfe Herd. The Washington Post / Contributor The business world is speaking out against a new Texas law banning abortions after six weeks. Lyft, Uber, and Match are among the companies taking action against SB8, or the "heartbeat bill." The CEOs of Bumble and Match Group called the law "regressive." See more stories on Insider's business page. Companies are speaking out against Texas' harsh new anti-abortion law.The Senate Bill 8 in Texas, nicknamed the "Heartbe...
Tags: Lyft, Politics, Texas, News, Supreme Court, Washington Post, Senate, India, Trends, Godaddy, Cnn, Healthcare, Dallas, Bill, Bumble, Whitney Wolfe


A growing number of companies, from American Airlines to Match and Uber, have spoken out against Texas' restrictive new abortion law

Bumble CEO Whitney Wolfe Herd. The Washington Post / Contributor The business world is speaking out against a new Texas law banning abortions after six weeks. Lyft, Uber, and Match are among the companies taking action against SB8, or the "heartbeat bill." The CEOs of Bumble and Match Group called the law "regressive." See more stories on Insider's business page. Companies are speaking out against Texas' harsh new anti-abortion law.The Senate Bill 8 in Texas, nicknamed the "Heartbe...
Tags: Lyft, Politics, Texas, News, Supreme Court, Washington Post, Senate, India, Trends, Godaddy, Cnn, Healthcare, Dallas, Bill, Bumble, Whitney Wolfe


Uber and Lyft will pay the legal fees of drivers sued under Texas' new abortion law

Uber and Lyft said Friday they would cover any legal fees incurred by their drivers if they were sued for taking passengers to receive an abortion in Texas. Al Seib / Los Angeles Times via Getty Images Uber and Lyft said they'll pay the legal fees of drivers sued under Texas's new abortion law. Under the law, anyone who transports a woman to receive an abortion after six weeks of gestation can be sued. "Drivers are never responsible for monitoring where their riders go or why," Lyf...
Tags: Lyft, Uber, Politics, Texas, News, Supreme Court, Trends, Gop, Abortion, US supreme court, Logan Green, Greg Abbott, Dara Khosrowshahi, Tech Insider, Khosrowshahi, Ride Share


3 moments that made Move Inc. CEO David Doctorow

David Doctorow has helmed the parent of realtor.com for nearly two years now, but the foundation for his leadership style was laid many years earlier.
Tags: Uber, Europe, Technology, Ebay, Radio, Paris, News Corp, Expedia, Industry News, Dara Khosrowshahi, Inman Connect, Realtor.com, Move Inc, Real Estate Leadership, David Doctorow, 3 Moments That Made


Massachussetts AG greenlights Uber, Lyft-backed gig worker ballot initiative

Massachusetts Attorney General Maura Healey gave a coalition of app-based service providers like Uber and Lyft the go-ahead to start collecting signatures needed to put a proposed ballot measure before voters that would define drivers as independent contractors rather than employees. Backers of the initiative, which is essentially a MA version of Proposition 22, would need to gather tens of thousands of signatures for the measure to make it to the November 2022 ballot. Despite the fact that last...
Tags: Transportation, Lyft, Uber, Lawsuit, California, Massachusetts, Tech, Instacart, Independent Contractors, Doordash, Reuters, AG, Healey, Maura Healey, Uber Lyft, Massachussetts


A16Z leads investment in Firemaps, a marketplace for home hardening against wildfires

Wildfires are burning in countries all around the world. California is dealing with some of the worst wildfires in its history (a superlative that I use essentially every year now) with the Caldor fire and others blazing in the state’s north. Meanwhile, Greece and other Mediterranean nations have been fighting fires for weeks to bring a number of massive blazes under control. With the climate increasingly warming, millions of home just in the United States alone are sitting in zones at high risk...
Tags: Fundings & Exits, Startups, TC, Real Estate, California, Government, Funding, Tech, Ipcc, United States, Wildfires, GreenTech, Mediterranean, Cto, Moran, Khanna


Gig Economy Companies Are Having To Spend More Than Ever To Find Hosts and Drivers

"The combination of a massive labor shortage in the U.S. coming out of the pandemic and an increasingly crowded market of app-based share-everything companies is raising the prices for freelance and contract work," writes CNBC's Ari Levy. "Companies have to find new ways to bolster the supply-end of their platforms to meet consumer demand and continue growing at a rapid clip." From the report: Far from taking the number to zero, Airbnb said in its second-quarter earnings report on Thursday that ...
Tags: Lyft, Uber, Tech, Airbnb, Doordash, Dara Khosrowshahi, Khosrowshahi, CNBC s Ari Levy Companies


Uber CEO Says Requiring Vaccines for Drivers and Riders Would be Fair, But Not Happening

There are two types of people in Uber’s world, according to CEO Dara Khosrowshahi: office workers and drivers. Besides differences in salaries and benefits, there will now be another factor that separates the two. Office workers will be required to get vaccines in order to go to work, but drivers will not. Read more...
Tags: Uber, Business, Science, Articles, Vaccination, Dara Khosrowshahi, Businesspeople, Technology Internet, Health Medical Pharma, Location Based Software


How Uber plans to rebound from massive Q2 losses stemming from driver incentives

Uber’s second quarter earnings revealed greater than expected losses, in large part due to the company’s massive $250 million stimulus package launched in April to incentivize drivers back onto the app after a pandemic-induced shortage.  The company reported a loss of . For comparison, Lyft reported a positive adjusted EBITDA in the quarter at $23.8 million the day before. Uber’s losses point to a larger problem facing the app-based ride-hailing industry: The triple threat of lagging dri...
Tags: Transportation, Uber, California, Cdc, France, La, Massachusetts, Los Angeles, Tech, Labor Rights, Jay, Postmates, Uber Eats, Asu, Phoenix, EBITDA


Uber and Lyft say drivers are earning more than $35 an hour in some cities as the companies scramble to recruit them back

Mike Coppola/Getty Uber and Lyft are recovering from the COVID-19 pandemic as they push to regrow their fleet of US drivers. Incentives and benefits programs, along with increased COVID safety measures, are fueling drivers' return to the app. The companies are citing higher hourly wages for their drivers, though they have oversold earnings to their drivers in the past. See more stories on Insider's business page. Uber and Lyft workers are making significant post-COVID pay gains a...
Tags: Transportation, Lyft, Uber, News, US, Trends, Tech News, Drivers, Rideshare, Logan Green, John Zimmer, Brian Roberts, Dara Khosrowshahi, COVID, Axel Springer Insider Inc, Economy & Markets


Uber won't require drivers to be vaccinated despite mandating the shot for corporate employees

Uber CEO Dara Khosrowshahi. Justin Sullivan/Getty Images Uber employees at the company's US offices are required to get vaccines before return to work. Uber drivers, which make up a far larger group, are not required to get vaccinated. "It would only be fair to require vaccines for both riders and drivers," Uber CEO Dara Khosrowshahi said. Visit the Business section of Insider for more stories. Before returning to the company's main office in San Francisco, where the vaccination ra...
Tags: Transportation, Uber, News, California, US, San Francisco, Trends, Vaccinations, Pfizer, Vaccines, White, Cnbc, Squawk Box, Dara Khosrowshahi, Ben Gilbert, Pandemic


Uber CEO calls Massachusetts gig economy ballot measure the ‘right answer’

Uber CEO Dara Khosrowshahi expressed his support Wednesday for a ballot initiative in Massachusetts that would keep gig economy workers classified as independent contractors, fulfilling a promise he made nearly a year ago to push for laws that preserve its business model. “In the state of Massachusetts, we think the right answer is our IC+ model, which is independent contractor with benefits,” Khosrowshahi said during the earnings call with investors. “Our drivers love it. Prop 22 has proven to ...
Tags: Transportation, Uber, Labor, California, Massachusetts, Tech, Coalition, Independent Contractors, AB, Dara Khosrowshahi, Khosrowshahi, Uber Drivers, Gig Workers Rising, Shona Clarkson, Prop 22, Massachusetts Khosrowshahi


Uber is still losing a lot of money

An Uber logo is shown on a rideshare vehicle during a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers "basic employee rights'', in Los Angeles, California, U.S., August 20, 2020. Mike Blake/Reuters Uber reported second quarter gross bookings of $21.9 billion, more than double the same period in 2020. Even so, the company posted an adjusted earnings loss of $509 million and a cash burn of $1.28 billion. The company&...
Tags: Transportation, Uber, News, California, US, Trends, Earnings, Ride-sharing, Los Angeles California, Uber and Lyft, Dara Khosrowshahi, Tech Insider, Khosrowshahi, DOMINICK REUTER, Nelson Chai, Mike Blake Reuters Uber


Gig companies take worker classification fight to Massachusetts through ballot initiative

A coalition of app-based ride-hailing and on-demand delivery companies including Lyft, Uber, Doordash and Instacart have filed a petition for a ballot initiative in Massachusetts that would keep gig economy workers classified as independent contractors as the industry takes a fight it won in California on the road. The ballot measure proposed by the Massachusetts Coalition for Independent Work comes nearly a year after a similar measure known as Proposition 22 that pitted labor rights advocate...
Tags: Transportation, Lyft, Uber, California, Massachusetts, Office, Tech, Automotive, Gig Economy, Doordash, John Zimmer, AG, Maura Healey, Dara Khosrowshahi, Lyft co, Massachusetts State Legislature


Mark Zuckerberg's $23.4 million in security costs last year is more than the combined cost of keeping 10 other top execs safe

Facebook CEO Mark Zuckerberg. Niall Carson/PA Images via Getty Images Facebook spent more than $25 million on CEO Mark Zuckerberg in 2020. He collected a salary of $1. More than $23.4 million of that amount was for personal security for Zuckerberg and his family. The combined security for ten other top tech execs, including Sheryl Sandberg, was $23.3 million. See more stories on Insider's business page. Facebook spent more than $23.4 million on security costs for CEO Mark Zuckerberg in...
Tags: Google, Amazon, Facebook, Mark Zuckerberg, Congress, Senate, US, Trends, Jeff Bezos, Jack Dorsey, Donald Trump, Sundar Pichai, Sheryl Sandberg, Zuckerberg, US Capitol, Dara Khosrowshahi


Insider Weekly: Uber's mass exodus - We found Larry Page - Exclusive salary database

Hello!Welcome to this weekly roundup of stories from Insider. I'm Olivia Oran, filling in this week for Matt Turner. Subscribe here to get this newsletter in your inbox every Sunday.What we're going over today:Compare pay from over 250 companies with our new salary database.Uber execs had to address the massive employee turnover. The 57 promising fintechs that are revolutionizing Wall Street.Ryan Tolkin built Schonfeld into an $8.8 billion hedge fund. Skye Gould/Business Insider ...
Tags: Google, Uber, Business, America, Newsletter, Trends, Tesla, Larry Page, Gop, Miami, Silicon Valley, Travis Kalanick, Fiji, Citi Ventures, Whitespace, Trump


Uber CEO says ride prices will be close to normal by September

Uber has retracted an accidental offer to subsidize drivers' health insurance outside California Photo by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images Uber CEO Dara Khosrowshahi said ride prices will be close to normal by September, NYT reported. Uber and Lyft have said high costs and long waits are the results of a driver shortage. Uber prices were up 40% in April compared to the same time last year, data showed. See more stories on Insider's business page. Uber CEO Dar...
Tags: Lyft, California, New York City, Trends, New York Times, The Times, Houston, John Zimmer, Maureen Dowd, Dara Khosrowshahi, Khosrowshahi, Getty Images Uber, Rakuten Intelligence, Dennis Cinelli, Pavlo Gonchar, Hannah Towey


Uber's CEO 'nearly got killed' while delivering for UberEats on bike in San Francisco

Carlo Allegri/Reuters Uber's CEO delivered food for UberEats, and he told the New York Times he "nearly got killed." Dara Khosrowshahi said "traffic was nuts" as he rode his bike near a baseball park in San Francisco. The executive spent time delivering food in late June and made 0.3% of his daily salary in one day. See more stories on Insider's business page. Uber CEO Dara Khosrowshahi delivered for UberEats via bike in late June, and San Francisco's bustling streets apparen...
Tags: Transportation, Uber, News, San Francisco, Trends, New York Times, Giants, Tech Companies, Mets, Dara Khosrowshahi, Tech Insider, Khosrowshahi, Katie Canales, Oracle Park, Carlo Allegri Reuters Uber, Maureen Dowd Khosrowshahi


Uber's CEO says he 'nearly got killed' while delivering for UberEats on bike in San Francisco

Dara Khosrowshahi, Uber's CEO. Carlo Allegri/Reuters Uber's CEO delivered food for UberEats, and he told The New York Times he "nearly got killed." Dara Khosrowshahi said "traffic was nuts" as he rode his bike near a baseball park in San Francisco. He said he spent time delivering food in late June and made about 0.3% of his daily salary. See more stories on Insider's business page. Uber CEO Dara Khosrowshahi delivered for UberEats via bike in late June, and San Francisco's...
Tags: Transportation, Uber, News, San Francisco, Trends, New York Times, The New York Times, Giants, Tech Companies, Mets, Maureen Dowd, Dara Khosrowshahi, Tech Insider, Khosrowshahi, Katie Canales, Oracle Park


Uber CEO: CEOs are paid too much

The Uber CEO said CEOs are paid fairly based on the market, but shouldn't be valued so highly by society. Justin Sullivan/Getty Images Uber CEO Dara Khosrowshahi thinks his fellow C-suiters are overpaid, he told The New York Times. He made around $12 million in 2020 and more than $42 million in 2019, when you include stock bonuses. CEO pay rose sharply in 2020, with several executives raking in paydays in excess of $100 million. See more stories on Insider's business page. Uber&#...
Tags: Transportation, Uber, News, Trends, New York Times, Travis Kalanick, Palantir, Alex Karp, Justin Sullivan Getty, Tony Xu, Dara Khosrowshahi, Eric Wu, Executive Compensation, Ride-hailing, Tech Insider, CEO pay


Uber and Lyft could be avoiding $153 million in Canadian taxes every year by relying on contract workers, report says

Uber CEO Dara Khosrowshahi and Lyft CEO Logan Green Laura Buckman/Reuters; Carlo Allegri/Reuters Uber and Lyft could avoid a combined $153 million in taxes annually in Canada, a new report claims. Canadians for Tax Fairness blamed lax disclosure laws and companies classifying drivers as contractors. Uber and Lyft both disputed the findings, telling Insider they paid all required taxes in Canada. See more stories on Insider's business page. Uber and Lyft could be avoiding a combined $15...
Tags: Transportation, Lyft, Uber, Taxes, Law, Finance, US, Trends, Markets, Canada, Netherlands, Tax Avoidance, Quebec, Labor Law, Tax Fairness, Cochrane


Uber and Lyft could be avoiding $135 million in Canadian taxes every year by relying on contract workers, report says

Uber CEO Dara Khosrowshahi and Lyft CEO Logan Green Laura Buckman/Reuters; Carlo Allegri/Reuters Uber and Lyft could avoid a combined $135 million in taxes annually in Canada, a new report claims. Canadians for Tax Fairness blamed lax disclosure laws and companies classifying drivers as contractors. Uber and Lyft both disputed the findings, telling Insider they paid all required taxes in Canada. See more stories on Insider's business page. Uber and Lyft could be avoiding a combined $13...
Tags: Transportation, Lyft, Uber, Taxes, Law, Finance, US, Trends, Markets, Canada, Netherlands, Tax Avoidance, Quebec, Labor Law, Tax Fairness, Cochrane


Chinese ride-hailing giant Didi has achieved a $67.5 billion valuation in an upsized US IPO

Jean Qing Liu, a former Goldman Sachs banker, moved to Didi in 2014. She's now the ride-hailing company's president. Kim Kyung-Hoon/Reuters Didi raised $4.4 billion in its US IPO on Tuesday, two sources familiar with the matter told Reuters. This would give the Chinese ride-hailing giant a valuation of $67.5 billion. Didi pushed Uber out of the Chinese market and bought its China operations. See more stories on Insider's business page. Didi, China's biggest ride-hailing com...
Tags: Transportation, Europe, London, China, Ipo, US, Trends, Markets, Alibaba, Tencent, Ads, South America, Goldman Sachs, New York Stock Exchange, Reuters, Geely


Uber CEO's delivered UberEats orders for 3.5 hours and made $106 - about 0.3% of his daily salary

Uber CEO Dara Khosrowshahi. Carlo Allegri/Reuters Uber's CEO delivered food for UberEats and made $106.7 in one day while working for 3.5 hours. That would put his hourly pay at about $30. Khosrowshahi made just over $12 million in 2020, or approximately $33,333 a day. See more stories on Insider's business page. Uber chief executive Dara Khosrowshahi spent part of the weekend working for UberEats, the company's delivery arm, he said on Twitter. Khosrowhshahi said he "spent a f...
Tags: Transportation, Uber, News, California, Trends, Food Delivery, Gig Economy, Glassdoor, Ubereats, Reuters Uber, Payscale, Dara Khosrowshahi, Tech Insider, Khosrowshahi, Gig workers, Katie Canales


Uber to become the sole owner of grocery delivery startup Cornershop

Uber has reached a deal to become the sole owner of Latin American delivery startup Cornershop, just one year after acquiring a majority stake in the company. The ride-hailing giant said in a regulatory filing Monday that it will purchase the remaining 47% interest in Cornershop in exchange for 29 million shares. The transaction is expected to close in July. Uber announced in 2019 plans to take a majority ownership in Cornershop. That transaction wasn’t completed until the third quarter of 2020 ...
Tags: Startups, TC, Uber, Apps, Mexico, Americas, Tech, Walmart, Canada, Chile, Postmates, Grocery Delivery, Accel, Exit, Dara Khosrowshahi, Cornershop