Posts filtered by tags: Dara Khosrowshahi‏[x]


 

The woman who blew the whistle on Uber describes the terrifying fallout after she published details about the company's sexist work culture (UBER)

Former Uber engineer Susan Fowler published a new book recounting her time at the company and what happened after she revealed details of Uber's toxic culture.  In the book, "Whistleblower," Fowler described the fallout from publishing her story: investigators digging into her past, her social media accounts getting hacked, and people following her to and from work.  Fowler said she was "followed and stalked" up until she wrote the book, but that now-CEO Dara Khosrowshahi has told her that he ...
Tags: Amazon, Facebook, Uber, Trends, Beverly Hills, Silicon Valley, The New York Times, Travis Kalanick, Jeff Bezos, Bart, Susan, Fowler, Susan Fowler, Dara Khosrowshahi, Fight for Justice


Shifting Gears: Peeking behind the curtain at Uber and SpaceX

This week brought new details about the inner workings of two high-profile tech companies: Uber and SpaceX. The former saw the release of a book by a former employee, Susan Fowler, whose 2017 blog post about workplace harassment brought attention to Uber's aggressive, hypermasculine culture. Fowler's post sparked a period of introspection at the ride-hailing company that led CEO Dara Khosrowshahi to make repairing its troubled culture one of his top priorities. A new story from senior correspon...
Tags: Amazon, Uber, Japan, Spacex, Texas, US, Trends, Tesla, Chicago, Silicon Valley, Travis Kalanick, Las Vegas, Mars, Jeff Bezos, Boeing, Southwest Airlines


Uber is moving all of its 38,000 employees to Slack, in a big win for the work chat app (UBER, WORK)

Uber has decided to use Slack, the work chat app, across its entire workforce of 38,000 employees. The deal represents a big customer win for Slack, which has been under competitive pressure from rival Microsoft Teams. Uber has tried several chat apps over the years: In 2016, it opted to use Atlassian's HipChat, saying that Slack couldn't handle its massive employee base. Not long after, it opted to build its own chat tool, based on an open source product called Mattermost. Slack has made grea...
Tags: Uber, Microsoft, Trends, Ibm, Slack, Business Insider, Dara Khosrowshahi, Microsoft Teams Uber, Mattermost Slack, Twitter post Uber


Uber shuts its Los Angeles office and reportedly lays off about 80 people

Uber is closing its Los Angeles office, reportedly laying off about 80 staff members. According to the Los Angeles Times, the staff were informed, without warning, that their jobs would be shifted to Manila in the Philippines. The ride-hailing giant has pruned back its corporate workforce significantly since going public last May, culling more than 1,000 workers. Earlier this month, Uber revised its own estimate for when it'd become profitable, from 2021 to the fourth quarter of 2020. Visit Bu...
Tags: Uber, La, Los Angeles, Trends, Tesla, Philippines, Travis Kalanick, Los Angeles Times, Manila, Phoenix, Susan Fowler, Dara Khosrowshahi, Philippines Uber, Khosrowshahi, Ruffin Chevaleau, Chevaleau


Uber shuts its LA office and reportedly lays off around 80 people

Uber is closing its Los Angeles office, reportedly laying off around 80 staff in the process. According to the LA Times, the staff were informed, without warning, that their jobs would be shifted to Manila in the Philippines. The ride-hailing giant has pruned back its corporate workforce significantly since going public in May 2019, culling over 1,000 staff. Earlier this month, Uber revised its own estimate for when it'll become profitable, from 2021 to the fourth quarter of 2020. Visit Busine...
Tags: Uber, La, Los Angeles, Trends, Nasa, Philippines, Travis Kalanick, Manila, Phoenix, LA Times, Susan Fowler, Dara Khosrowshahi, Khosrowshahi, Philippines Business Insider, Ruffin Chevaleau, Chevaleau


From Elon Musk to Tim Cook, here's where the world's most influential tech founders and CEOs went to college — and what they studied

College is where many figure out what they're actually interested in and determine the career they want to pursue. We researched the degrees and schools attended by well-known tech CEOs, many of whom launched their companies or landed on the idea for their first startup while studying at college. Here's where 52 CEOs and founders in the tech industry went to school, and what they studied. Visit Business Insider's homepage for more stories. For new college students, choosing a major can feel l...
Tags: Apple, Google, Facebook, Mark Zuckerberg, Europe, Elon Musk, Cook, Sweden, Maryland, Microsoft, Yahoo, Mba, Stanford, India, Satya Nadella, Trends


Here's why business experts think Uber's 'profitability' pledge is misleading and meaningless (UBER)

Uber excited investors and analysts last week when it predicted it would hit "profitability" by the end of this year. But the company's definition of "profitability" doesn't accord with standard accounting and leaves out a whole mess of expenses. The company's preferred profitability measure — adjusted EBITDA — is problematic, because while it is improving, its outflow of actual cash is actually worsening. It wouldn't be a surprise if the company hits its "profitability" target, business exper...
Tags: Uber, California, Stanford, Trends, Casper, Postmates, Wedbush, EBITDA, Dara, Northwestern, SIEGEL, Santa Clara University, Hendershott, Dara Khosrowshahi, Synovus, Kellogg School of Management


Uber says it will be profitable sooner than expected as it tops Wall Street expectations (UBER)

Uber's fourth quarter losses were smaller than Wall Street expected, as the company continues to grow.  The company also said it plans to hit profitability by the end of 2020, sooner than previously expected.  Shares of Uber soared as much as 10% following the new profitability timeline.  Visit Business Insider's homepage for more stories. Uber plans to turn a profit by the end of 2020, sooner than previously expected, the company said Thursday, sending its stock price soaring as much as 10% ...
Tags: Uber, India, Trends, Chicago, Dallas, Zomato, Dara Khosrowshahi, Khosrowshahi, South Korea Uber


Uber to be profitable by end of 2020, CEO Dara Khosrawshahi says

Share price soars following announcementRide-sharing firm lost $8.5bn in 2019Uber’s chief executive, Dara Khosrowshahi, said on Thursday that the heavily loss-making ride share company expects to be profitable by the end of 2020, news that sent its share price soaring in late trading. Related: Uber to bring back self-driving cars in California for first time since 2018 death Continue reading...
Tags: Uber, Business, Technology, California, Dara Khosrowshahi, Dara Khosrawshahi


There's one word likely to dominate Uber's earnings report. Here's why anxious investors are so keen to hear it. (UBER)

Uber will report its fourth-quarter 2019 earnings on Thursday following the closing bell.  Wall Street expects the ride-hailing giant to remain deeply unprofitable, while slowly shoring up its bottom line.  The industry is quickly becoming more "rational," analysts say, as Uber and Lyft wean customers off coupons and discounts they used to grow over the past decade.  Click here for more BI Prime stories. There's one topic executives at Uber — and even its smaller competitor Lyft — can't seem ...
Tags: Lyft, Uber, US, Trends, Bloomberg, Green, Chicago, United States, Ubs, Dallas, Zomato, Jpmorgan, Uber Lyft, Dara Khosrowshahi, Nelson Chai, Logan Green Lyft


Rationalization is the one word likely to dominate Uber's earnings report. Here's why anxious investors are so keen to hear it. (UBER)

Uber will report its fourth-quarter 2019 earnings on Thursday after the closing bell.  Wall Street expects the ride-hailing giant to remain deeply unprofitable while slowly shoring up its bottom line.  The industry is quickly becoming more "rational," according to analysts, as Uber and Lyft wean customers off coupons and discounts they used to grow over the past decade. Click here for more BI Prime stories. There's one topic executives at Uber — and even its smaller competitor Lyft — can't se...
Tags: Lyft, Uber, Wall Street, US, Trends, Bloomberg, Green, Chicago, Ubs, Dallas, Zomato, Jpmorgan, Uber Lyft, Dara Khosrowshahi, Nelson Chai, Logan Green Lyft


SoftBank-backed startups are bleeding, as investors tighten up scrutiny over loss-making business models. Here's a running list of all the Japanese giant's major investments in tech.

SoftBank has invested hundred of millions of dollars in technology-forward companies since 2008. The company's portfolio includes acquisitions of big names like Boston Dynamics and ARM. Its most recent reported acquisition is WeWork, the embattled coworking startup. In the wake of the WeWork debacle, several other SoftBank startups have also begun to bleed under closer scrutiny of their profit-losing business models. Oyo, Rappi, Getaround and Zume laid off a combined total of 2,600 employees i...
Tags: Uber, Asia, South Korea, Japan, UK, Indonesia, China, Ipo, India, Softbank, Digital, US, Trends, Sprint, Alibaba, WeWork


Indian ride-hailing firm Ola to launch in London on February 10

After opening an office in the city last year, Indian ride-hailing firm Ola said it would officially begin operations in London on February 10. London is one of the world’s biggest markets for ride-hailing services, and the expansion is a key development in Ola’s international strategy as the company widens its competition with Uber, another SoftBank portfolio firm. Ola said it will be “fully operational from day one” in London, where it has signed up over 20,000 drivers since late November. ...
Tags: TC, Transportation, Uber, Europe, UK, London, Australia, Softbank, Tech, New Zealand, TCUK, Tfl, Ola, Transport For London, Warwick, SoftBank Group


Barry Diller told Expedia employees that it's not hunting for a replacement for its ousted CEO, and some insiders are worried the $16 billion company is heading for a sale (EXPE)

Expedia Chairman Barry Diller told employees last month at an all-hands meeting that the company is not searching for a new CEO. It's not immediately clear if this means that the company has already made a decision as to its leadership structure. The role has been vacant since Mark Okerstrom resigned as CEO last month over a "disagreement" with the board. Okerstrom himself was the replacement for Dara Khosrowshahi, who famously left Expedia in 2017 to lead Uber.  The company is said to be look...
Tags: Apple, Usa, Hollywood, Trends, Fox, IAC, Scott Rudin, EXPE, Expedia, Chelsea Clinton, Board, Peter, Kern, Diller, Barry Diller, Peter Kern


Zomato acquires Uber Eats in India, delivery partners and users transferred to Zomato

Uber launched its online food delivery service Uber Eats back in 2017. Today Zomato has announced that it has acquired Uber Eats' India business in an all-stock transaction, which gives Uber 9.99% ownership in Zomato. Uber Eats in India will discontinue operations and direct restaurants, delivery partners, and users of the Uber Eats apps to the Zomato platform, effective today. If you had ordered anything on Uber Eats after July 1, 2019, your account is transferred to Zomato, so that you d...
Tags: News, India, Blogging, Zomato, Dara Khosrowshahi, Zomato acquires Uber Eats, Zomato acquires Uber Eats India, Zomato Deepinder Goyal Founder


Uber sells food delivery business in India to Zomato

Uber said on Tuesday it has sold its food delivery business, Uber Eats, in India to local rival Zomato as the American ride-hailing giant races to shed lossmaking operations to become profitable by next year. As part of the deal, Uber would own 9.99% of Zomato and its Eats users would become part of the Indian company, the two loss-making firms said. The deal valued Uber Eats’ India business between $300 million and $350 million, a person familiar with the matter told TechCrunch. TechCrunc...
Tags: Food, Fundings & Exits, Uber, Apps, Asia, India, Funding, Tech, Zomato, Forrester, Swiggy, Dara Khosrowshahi, Satish Meena, TechCrunch TechCrunch, Prosus Ventures


From Priscilla Chan to Melinda Gates, these are the spouses of some of the most powerful people in tech

Most of tech's most powerful CEOs are married.  Not everyone is coupled up — Elon Musk and Jeff Bezos have girlfriends, while Jack Dorsey and Tim Cook appear to be single.  But for those who are married, many of them have been with their spouses for years or even decades.  Here's a look at the lives of the spouses of tech's biggest CEOs.  Visit Business Insider's homepage for more stories. It takes a special type of person to become the partner of a high-powered tech executive: From long week...
Tags: Apple, Google, Amazon, Facebook, Mark Zuckerberg, Hong Kong, Elon Musk, New York, Instagram, Microsoft, Steve Jobs, Stanford, India, Satya Nadella, New York City, Disney


Uber has lost some original Jump Bikes employees, including its founder, less than 2 years after it bought the startup (UBER)

Jump Bikes founder Ryan Rzepecki has departed the company more than 18 months after it was acquired by Uber.  His departure, along with a handful of other founding employees, while amicable, marks a milestone in Uber's new mobility efforts.  Uber continues to view bikes and scooters as a customer acquisition tool in order to continue to grow its total userbase.  Click here for more BI Prime stories. Founder Ryan Rzepecki and other members of the original Jump Bikes team, purchased by Uber in ...
Tags: Uber, Trends, Tesla, Middle East, Careem, Ryan, Dara Khosrowshahi, Avra, Ryan Rzepecki, Rzepecki, Justin Wiley Jump, Nick Foley Jump


As Zume layoffs loom, a look back at SoftBank’s troubled investing year

Changing from the highest-flying conglomerate and most famous capital vehicle to troubled icons of misplaced exuberance, it’s tough to be SoftBank and its Vision Fund today. Despite the occasional good story, it’s been a tough run for the pair. But lost in the continuous drip of bad news concerning the Japanese firm and its globally backed, gravity-bending fund is the scale of its myriad problems. When taken into account as a group, however, it’s easier to see how many things have go south in ra...
Tags: Fundings & Exits, TC, Uber, California, China, Ipo, India, Softbank, Tech, New York Times, WeWork, WAG, Wall Street Journal, Oyo, Dara Khosrowshahi, SoftBank Vision Fund


Careem's CEO ribbed Uber for making a rookie error in the Middle East. Uber just paid $3.1 billion to buy it.

Uber's $3.1 billion acquisition of Careem, a major rival in the Middle East, closed on Friday after being announced in March.  For Uber, it's a way to buy dominance in a fiercely competitive region. Careem has built a moat to keep out Western competition, founder and CEO Mudassir Sheikha told Business Insider in a 2018 interview. Just weeks ahead of its highly anticipated initial public offering in May 2018, Uber announced a $3.1 billion deal to acquire one of its largest rivals in the Middle...
Tags: Google, Uber, Trends, Middle East, Business Insider, Careem, Dara Khosrowshahi, Sheikha, Mudassir Sheikha, Middle East Careem


Careem's CEO ribbed Uber for making a rookie error in the Middle East. Uber just payed $3.1 billion to buy it.

Uber's $3.1 billion acquisition of Careem, a major rival in the Middle East, closed on Friday after being announced in March.  For Uber, it's a way to buy dominance in a fiercely competitive region. Careem has built a moat to keep out Western competition, founder and CEO Mudassir Sheikha told Business Insider in a 2018 interview. Just weeks ahead of its highly anticipated initial public offering in May 2018, Uber announced a $3.1 billion deal to acquire one of its largest rivals in the Middle...
Tags: Google, Uber, Trends, Tesla, Middle East, Business Insider, Careem, Dara Khosrowshahi, Sheikha, Mudassir Sheikha, Middle East Careem


Shifting Gears: Uber's founding CEO is completely out, Tesla gets a boost, and how to get a job in autonomous tech

Happy Friday and welcome to the last issue of Shifting Gears for 2019, and what a year it was. This holiday travel season is expected to be even busier than years past, with delays coming in at a new record, too. Consider this newsletter a good luck charm — our fingers are crossed if you're traveling today and through the weekend. Want to receive this weekly digest of all the transportation news you missed directly to your inbox? Sign up here. As always, let us know what we missed. I'm on grapi...
Tags: Amazon, Elon Musk, California, US, Sacramento, Los Angeles, Trends, Tesla, Ford, Delta, Ikea, Travis Kalanick, Kazakhstan, Seattle, Hyundai, Kalanick


Uber's CEO says the best career advice he ever received came from the founder of Allen & Co — here's why he bets on 'people, not companies' (UBER)

Uber CEO Dara Khosrowshahi was asked about the best advice he ever received and the best advice he has for young people at a luncheon this week. The Iranian American executive said his best advice came from Herbert Allen of Allen & Co., and that advice is to bet on people, not companies. For young people, Khosrowshahi said, his best advice is to never overplan. Confirmation bias can cause you to miss opportunities, like a new job as CEO of Uber, if your goals are too rigid.  Click here for mor...
Tags: Uber, New York, Trends, Dartmouth, Accenture, Princeton, Expedia, Don, Allen, Economic Club, Dara Khosrowshahi, Allen Co, Khosrowshahi, Julie Sweet, Herbert Allen


An Uber Eats executive explains why the suburbs are key to its fastest-growing business area

Uber Eats is aggressively targeting areas outside of urban cores, especially suburbs, as it expands. The business is one of Uber's fastest-growing areas, and its first that's not for taxi rides.  Ana Mahony, head of US cities for Uber Eats, sat down for an interview with Business Insider to talk strategy.  Editor's note: This interview was originally published in March 2019, before Uber's IPO. Any business details in the story that have changed in the months since have been updated to accurat...
Tags: Uber, New York, France, New York City, US, Trends, Tesla, Paris, Miami, Starbucks, Uber Eats, McDonald, Mahony, Dara Khosrowshahi, Ana Mahony, Starbucks Mahony


Kalanick splits from Uber: Ex-CEO leaves board of directors, sells remaining shares

Former Uber Chief Executive Travis Kalanick has cut the last ties he had with the company he co-founded and helped build into a giant in the ride-hailing industry. On Tuesday, Uber said Kalanick will leave its board of directors, effective Dec. 31. Kalanick said in a statement that with Uber having gone public earlier this year, “it seems like the right moment for me to focus on my current business and philanthropic pursuits.” Kalanick is now involved with CloudKitchens, a company that rents out...
Tags: Uber, Arianna Huffington, Sport, Soccer, Travis Kalanick, Kalanick, Cnbc, U S Securities and Exchange Commission, Garrett, Travis, Ives, Benchmark Capital, Matt Cohler, Dara Khosrowshahi, Khosrowshahi, Dan Ives


Daily Crunch: Travis Kalanick is leaving Uber’s board

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. 1. Uber founder Travis Kalanick is leaving the company’s board of directors Uber founder and former CEO Travis Kalanick will officially resign from the board as of December 31, to “focus on his new business and philanthropic endeavors,” according to a company press release. Kalanick, who was forced out...
Tags: Mobile, Uber, Apps, Tech, David, Travis Kalanick, Kalanick, Mohammed bin Salman, Riyadh Saudi Arabia, Michelangelo, Dara Khosrowshahi, Daily Crunch, Samsung Galaxy Fold, Bone Saw Connie Loizos


Travis Kalanick Flees Sinking Ship

Christmas Eve news dump: Former Uber CEO Travis Kalanick, the man behind the ride-hailing company’s meteoric global rise despite its highly speculative business model that’s never turned a profit, is leaving its board of directors, Uber said in a statement on Tuesday. He’s also dumped all of his remaining stock in the…Read more...
Tags: Transportation, Uber, Apps, Science, Technology, Travis Kalanick, Ridesharing, Ride Hailing, Taxis, Dara Khosrowshahi


Uber founder Travis Kalanick is leaving the company’s Board of Directors

Uber founder and former CEO Travis Kalanick is leaving the company’s Board of Directors, the ride hailing company announced today. Kalanick will officially resign from the Board as of December 31, to “focus on his new business and philanthropic endeavors,” according to a press release issued by Uber. Kalanick, who was forced out as Uber CEO and eventually replaced by Dara Khosrowshahi through shareholder action with support of the Board in 2017, has been in the process of selling off his cons...
Tags: TC, Uber, Board of Directors, Tech, SEC, Travis Kalanick, Kalanick, Board, Dara Khosrowshahi, Uber Kalanick, IPO Kalanick


Uber cofounder Travis Kalanick will leave the company's board at the end of the year

Uber cofounder Travis Kalanick will leave the company's board at the end of the year,  first reported. Kalanick served as the Uber's CEO until 2017 but resigned under pressure from investors after reports of a reckless and toxic culture at Uber, including multiple accusations of sexual harassment and gender discrimination at the company. Kalanick sold more than $2.5 billion worth of Uber stock in the two months leading up to his departure. Visit Business Insider's homepage for more stories. ...
Tags: Apple, Uber, Saudi Arabia, Trends, Travis Kalanick, Kalanick, Dara, Travis, Dara Khosrowshahi, Khosrowshahi, Uber Uber, City Storage Systems


Uber is thought to be selling its Uber Eats business in India for $400 million

Uber Eats will reportedly sell its Indian business to a local rival, Zomato, for $400 million. According to TechCrunch, Gurugram-headquartered Zomato could receive between $150 million and $200 million of investment from Uber as part of the deal. Zomato, which also aggregates restaurants and operates in many countries around the world, is thought to be close to finalizing a $600 million funding round. A spokeswoman for Zomato declined to comment, as did an Uber spokesman. Visit Business Inside...
Tags: Apple, Uber, London, India, Trends, Zomato, Business Insider, Dara Khosrowshahi, Gurugram, Ola Zomato, Indian Uber Eats