Posts filtered by tags: Dara Khosrowshahi‏[x]


 

The history of how Uber went from the most feared startup in the world to its massive IPO

Uber went public this month on the New York Stock Exchange in a much-watched IPO. Since it was founded in 2009, Uber has transformed the ride-hailing industry and grown to become the most valuable companies in the world. See the highs and lows of Uber in its journey from small San Francisco startup, through its extremely tumultous 2017, through to its 2019 IPO. Visit BusinessInsider.com for more stories. Ten years ago, a company called UberCab made a splash in San Francisco by le...
Tags: Google, Lyft, Uber, South Korea, Eric Holder, Washington Post, France, China, Ipo, India, Softbank, New York City, Africa, US, San Francisco, Trends


Employees at Uber's headquarters reportedly started drinking before 6 a.m. on the day of its IPO, and a party at another office was shut down

Partying at Uber's headquarters in San Francisco started at 5:30 a.m. on May 10, the day the company launched its initial public offering (IPO), The Washington Post's Faiz Siddiqui reported. San Francisco employees reportedly started drinking in the office during the morning and continued throughout the afternoon. The festivities in San Francisco led one employee to resign after what The Post described as "a verbal outburst and dispute with colleagues" and forced the company to stop another em...
Tags: Uber, Post, Eric Holder, California, Washington Post, Ipo, US, San Francisco, Trends, Travis Kalanick, Kalanick, Dara Khosrowshahi, Khosrowshahi, Faiz Siddiqui, Post Uber


Dara Khosrowshahi hasn't yet earned his $100 million-plus stock bonus for when Uber hits a $120 billion valuation — but there's still time for him to do it

Dara Khosrowshahi has a huge potential payout riding on Uber's post-IPO valuation hitting $120 billion and staying there for 90 consecutive days. He'd also get that payout for selling the company for $120 billion.  A source tells us his incentive is worth $100 million or more. Dara Khosrowshahi could have gotten a huge payday — totaling more than $100 million, according to a source — if Uber's IPO valuation hit $120 billion after its IPO and stayed at that level for 90 consecutive days. Even ...
Tags: Google, Uber, London, Southeast Asia, Trends, Cruise, Gm, Honda, PitchBook, Dara Khosrowshahi, Khosrowshahi, Waymo, Expedia Khosrowshahi


Facebook is overrun with fake accounts impersonating tech execs like Tim Cook, Elon Musk, and Sundar Pichai (FB, GOOG)

Facebook is overrun with fake accounts pretending to be famous technology industry executives. The fraudulent accounts are purporting to be everyone from Tesla CEO Elon Musk to Apple CEO Tim Cook, Google CEO Sundar Pichai, and Twitter CEO Jack Dorsey. The existence of the accounts raise questions about Facebook's ability to police its app for malicious behaviour. Last year, Facebook was criticised over fake accounts of CEO Mark Zuckerberg. Those have been banned — but these still remain. Visit...
Tags: Apple, Google, Facebook, Mark Zuckerberg, Twitter, London, Microsoft, California, Satya Nadella, Trends, Snapchat, New York Times, Tim Cook, Peter Thiel, Silicon Valley, Evan Spiegel


Mark Cuban slams Silicon Valley VCs over Uber's awful IPO and says it could be a wake up call for Valley employees (UBER, LYFT)

Mark Cuban says that Uber's IPO is a warning sign for Silicon Valley that the whole unicorn thing wasn't a good plan. Uber, he says, "isn't a growth company" making its stock a hard sell to investors looking at its losses and mounting debt. He blames the VCs, who coached CEOs to wait too long before going public. He suggests that late-stage startups recruiting employees might have a harder time of it. Visit Business Insider's homepage for more stories. Uber's IPO was a flop, even though thei...
Tags: Amazon, Lyft, Uber, Softbank, Trends, Silicon Valley, Cnbc, Valley, Troy Wolverton, Uber Lyft, Dara Khosrowshahi, Marc Cuban, Austin Geidt, Pinterest Lyft Uber


10 things in tech you need to know today

Good morning! This is the tech news you need to know this Tuesday. Facebook rushed to patch a security flaw in WhatsApp that allows attackers to inject spyware onto phones. The Financial Times reported that hackers had already hijacked WhatsApp calls to run the malware, which can eavesdrop on calls and access photos and the camera. The US Supreme Court ruled against Apple in a case centred on the App Store. Justices voted to allow a class-action lawsuit from consumers who accused Apple of mono...
Tags: Apple, Google, Facebook, Mark Zuckerberg, US, Trends, Canada, United States, Washington Dc, Alibaba, Reddit, Silicon Valley, Wikileaks, Seattle, Huawei, Jack Ma


Tesla reached a $13 million settlement with a former contract worker who was left permanently disabled after being struck by a Model S while on the job (TSLA)

Tesla reached a $13 settlement on May 10 with former contractor Teodora Tapia, who was "permanently disabled" after being hit by a Model S sedan, according to Parris Law Firm, which represented Tapia. A Tesla representative told Business Insider that Joseph Aguilar, who was driving the Model S that hit Tapia, was an employee of West Valley Staffing Group, which the representative said "will pay the bulk of the settlement." West Valley did not immediately respond to a request for comment. The...
Tags: Hong Kong, Elon Musk, Trends, Tesla, Panasonic, Fiat Chrysler, West Valley, OSHA, Ford General Motors, Fremont California, Aguilar, West Valley Staffing Group, Tapia, Dara Khosrowshahi, Teodora, Teodora Tapia


You can no longer buy a $35,000 Tesla Model 3 — the price just went up (TSLA)

Tesla has raised the price of its least-expensive Model 3 sedan from $35,000 to $35,400, the company confirmed to CNN on Tuesday. The $400 price increase is relatively small, but Tesla has previously touted the Model 3's $35,000 starting price as the fulfillment of a longterm goal to use the proceeds from high-end electric cars to fund the development of affordable models. Visit Business Insider's homepage for more stories. Tesla has raised the price of its least-expensive Model 3 sedan f...
Tags: Hong Kong, Elon Musk, Trends, Tesla, Cnn, TSLA, Panasonic, Tesla Model, Fremont California, Dara Khosrowshahi


Shares of SoftBank Group, Uber’s biggest stakeholder, slide after its disappointing IPO

As Uber’s biggest shareholder, SoftBank Group had high hopes for the ride-sharing company’s stock market debut last week. Instead, the Japanese conglomerate’s shares have been sliding along with Uber’s following its disappointing initial public offering. SoftBank shares began sliding at the end of last week after Uber set its IPO price . Since the start of trading on Friday morning, SoftBank Group shares have fallen 14.4 percent in value from 11,700 yen (about $106.69) to 10,020 yen (about $9...
Tags: Fundings & Exits, TC, Uber, China, Ipo, Softbank, Tech, Stock Market, SoftBank Group, Dara Khosrowshahi, SoftBank Group Uber, SoftBank Group is Uber, Vision Fund After


Uber's CEO sent an email to employees addressing its disastrous IPO, drawing on Amazon's and Facebook's rough starts (UBER)

Uber CEO Dara Khosrowshahi sent an email to employees on Monday, addressing the ride-hailing giant's brutal stock-market debut. He noted that while the market has so far punished Uber's newly minted shares, employees should be mindful that its early post-initial-public-offering trading won't necessarily give way to long-term issues. Khosrowshahi pointed to Facebook — which in 2012 saw the biggest first-month decline of any large US-listed IPO in history — and Amazon. Watch Uber trade live. U...
Tags: Amazon, Facebook, Uber, China, Ipo, US, Trends, New York Times, Silicon Valley, University of Florida, Mike Isaac, China Stocks, Isaac, Dara Khosrowshahi, Khosrowshahi, Jay Ritter


Tesla was named the most-loved car brand by AutoTrader (TSLA)

AutoTrader has named Tesla the most-loved auto brand for 2019, The UK-based online automotive marketplace surveyed over 60,000 vehicle owners. Respondents highlighted the tech features — including the semi-autonomous Autopilot system, over-the-air updates, and touchscreen — and electric propulsion systems in their vehicles, as well as the community formed by electric-vehicle owners. Tesla's Model S sedan, first released in 2012, won AutoTrader's 2019 award for the best green car. Visit Busine...
Tags: Facebook, Elon Musk, UK, US, Trends, Tesla, TSLA, Panasonic, Land Rover, Cto, Alfa Romeo, Dara Khosrowshahi, Waymo, Ivan Aistrop, Aistrop


Uber had an abysmal second day of trading

It’s not looking great for ride-hailing giant Uber (NYSE: UBER). Today, Uber closed its second day of trading down more than 18.8 percent from its IPO price at $37.25 per share with a market cap of $62.2 billion. Uber, which was previously valued at $72 billion by venture capitalists on the private market, priced its stock at $45 a share for an $82.4 billion valuation last week. On day one, Uber closed at $41.57 a share. In a memo obtained by CNBC, Uber CEO Dara Khosrowshahi told employees today...
Tags: Amazon, Transportation, Facebook, Uber, Ipo, Tech, Dara Khosrowshahi, Khosrowshahi, IPO Lyft, CNBC Uber, UBER Today Uber


Uber's CEO sent an email to employees addressing its disastrous IPO, drawing on Amazon and Facebook's rough starts (UBER)

Uber CEO Dara Khosrowshahi sent an email to employees on Monday, addressing the ride-hailing giant's brutal stock-market debut. He noted that while the market has so far punished Uber's newly minted shares, employees should be mindful that its early post-initial-public-offering trading won't necessarily give way to long-term issues. Khosrowshahi pointed to Facebook — which in 2012 saw the biggest first-month decline of any large US-listed IPO in history — and Amazon. Watch Uber trade live. U...
Tags: Amazon, Facebook, Uber, China, Ipo, US, Trends, Earth, New York Times, Silicon Valley, University of Florida, Thanos, Mike Isaac, China Stocks, Isaac, Dara Khosrowshahi


'Our stock did not trade as well as we had hoped': Read the reassuring email Uber's CEO sent employees following its disastrous IPO (UBER)

Uber became a public company last Friday — it's now listed on the New York Stock Exchange. But the company's first two days of trading have been disastrous so far. Uber's stock suffered a 7.6% loss by the end of its first day of trading, a $655 million loss of investor wealth. The stock dipped even further on Monday morning. In a letter sent to employees on Monday obtained by New York Times reporter Mike Isaac, Uber CEO Dara Khosrowshahi attempted to reassure employees. "Remember that the Face...
Tags: Amazon, Facebook, US, Trends, New York Times, University of Florida, New York Stock Exchange, Dara Khosrowshahi, Khosrowshahi, Jay Ritter, IPO Uber, Mike Isaac Uber


Panasonic's CEO said the company may not make enough batteries for Tesla next year (PC, TSLA)

Panasonic CEO Kazuhiro Tsuga said the company may not make enough battery cells for Tesla next year, Bloomberg reported. "Batteries will run out if Tesla starts to sell the Model Y and expands its business next year," Tsuga said on May 9. "What will we do then? It's one of a few topics to discuss with Tesla, including battery [production] in China." Tesla will begin production of its Model Y SUV near the end of next year and is building a vehicle factory in Shanghai where it plans to use multi...
Tags: Elon Musk, Trends, Tesla, Bloomberg, Shanghai, Panasonic, Cto, Musk, Gigafactory, Tesla CEO Elon Musk, Dara Khosrowshahi, Pana, Tom Randall, Tsuga, Waymo, Kazuhiro Tsuga


Uber's Losses Reach Double Digits in IPO Debut Debacle

“Sentiment does not change overnight, and I expect some tough public market times over the coming months,” CEO Dara Khosrowshahi told staff in an email. The share slump reflects investor skepticism about the size of the ride-hailing market, Uber’s ability to execute on food and package delivery and its push into autonomous vehicles, said Ygal Arounian of Wedbush Securities. The IPO also comes as investors shy away from riskier assets given U.S.-China trade tensions, said the analyst, who has ...
Tags: Science, China, Ipo, Wedbush Securities, Dara Khosrowshahi, Ygal Arounian


Uber’s trading debut: who was (and wasn’t) at the opening bell

Uber finally made its debut Friday on the New York Stock Exchange, ending its decade-long journey from startup to publicly traded company. So far, it’s been a ho-hum beginning with shares opening at $42, down from the IPO price. The share price is hovering just under $44. Thirteen people, including executives, early employees, drivers and customers, were on the balcony for the historic bell ringing that opened the markets Friday. Noticeable absentees were co-founder Garrett Camp and former...
Tags: Transportation, Uber, Apps, New York, Australia, France, Los Angeles, Tech, Canada, Automotive, Travis Kalanick, New York Stock Exchange, Kalanick, Carsharing, Expedia, Vmware


Here's who's getting rich on Uber's massive IPO (UBER)

Uber just had one of biggest tech initial public offerings of all time, even though its stock price fell on opening day. Its paperwork filed with the Securities and Exchange Commission gave us a glimpse at who its biggest shareholders are. These are the people that stand to gain the most if Uber's entrance as a public company is well received by investors, and the shareprice remains high at the six month mark, when they will be free to sell their shares Uber is now a public company. The paper...
Tags: Uber, Ipo, Softbank, Trends, Travis Kalanick, Benchmark, Securities And Exchange Commission, Bill Gurley, Gurley, Masayoshi Son, Ltd, Benchmark Capital, Matt Cohler, Dara Khosrowshahi, As Business Insider, Cohler


The woman who rang Uber's IPO bell is Austin Geidt, whose life is the stuff of Valley legend (UBER)

Uber went public today in one of the largest IPOs in history. Its founder CEO, board member and largest shareholder Travis Kalanick,who was forced out a couple of years ago, was told he couldn't stand on the NYSE opening bell dais, much less ring it. (He was there, on the floor in the crowd with his dad, though, and was greeted with applause when he walked in). But Uber's current CEO, Dara Khosrowshahi, didn't ring the bell either. That honor went to Austin Geidt, Uber's earliest employee. Her c...
Tags: Uber, Trends, Silicon Valley, Travis Kalanick, Fortune, Nyse, Valley, Ryan Graves, Dara Khosrowshahi, Austin Geidt Uber, Geidt, Austin Geidt, Advanced Technologies Group Even


Uber just began trading in what is one of the biggest US IPOs on record. Here's how much it spent on advertising to get there.

Ride-hailing giant Uber went public today in one of the largest US IPOs on record. Uber's path to an IPO has come at a cost. Uber has increased spending on sales and marketing over the past two years to attract riders and drivers. Uber shelled out $3.2 billion on sales and marketing in 2018, up 25% from 2017, the company reported. In 2017, Uber spent more than $2.5 billion — 58% over 2016. Recent campaigns have promoted the company's diversity efforts after a spate of PR crises in 2017. Visi...
Tags: Uber, New York City, US, Trends, Ncaa, Travis Kalanick, Kalanick, Susan Fowler, Dara Khosrowshahi, Khosrowshahi, Rebecca Messina, Bozoma Saint John


Uber opens at a disappointing $42 per share

At long last, it’s lift-off for Uber. After its initial public offering at $45 per share, at the bottom end of the range it set previously, to raise $8.1 billion, transportation startup began trading today on the New York Stock Exchange, and the shares opened at $42, down from the IPO price. Ahead of Uber finally making its debut, the company had an indication price that went as low as $42 ahead of live trading. With the overall market in a slump this week over trade woes with China, it’s a ch...
Tags: Fundings & Exits, TC, Transportation, Facebook, Lyft, Uber, China, Ipo, Tech, Paypal, Alibaba, Venture Capital, Travis Kalanick, New York Stock Exchange, Nyse, Dara Khosrowshahi


Uber is going public in one of the biggest IPOs of all time as all its execs swarm the NYSE

Uber is going public Friday on the New York Stock Exchange under the ticker symbol "UBER." The big day kicked off with the traditional bell-ringing ceremony on Friday morning on the NYSE balcony. Here are pictures of Uber's biggest players on opening day, including CEO Dara Khosrowshahi, former CEO Travis Kalanick, and other Uber directors. Visit Business Insider's homepage for more stories. Uber is going public Friday, and will begin trading under the ticker symbol "UBER" later this morning...
Tags: Facebook, Uber, Ipo, US, Trends, Travis Kalanick, New York Stock Exchange, Kalanick, Nyse, Dara Khosrowshahi, Khosrowshahi


Mark Cuban had the chance to invest in Uber when it was only worth $2 million but blew off Travis Kalanick and said he 'wouldn't touch' the company

Mark Cuban turned down the opportunity to invest in Uber back in 2010, saying he "wouldn't touch a 2mm valuation." Cuban called it his "biggest miss ever" when sharing the email exchange and congratulating Kalanick on Twitter on Friday morning as Uber went public on the New York Stock Exchange. Read Business Insider's homepage for more stories. Back in 2010, long before ride hailing startup Uber became a tech "unicorn" worth billions, founder and former CEO Travis Kalanick offered billionaire...
Tags: Facebook, Pinterest, Softbank, Trends, Mark Cuban, Travis Kalanick, New York Stock Exchange, Kalanick, Garrett Camp, Dara Khosrowshahi, Kalanick Uber, Disney Plus


Uber CEO Dara Khosrowshahi emailed employees hours before the company's massive IPO. Here's what he said.

Uber CEO Dara Khosrowshahi sent a letter to company employees ahead of its massive IPO on Friday. Uber priced its IPO at $45 per share, giving the company an initial valuation of $75.5 billion. In the letter, Khosrowshahi said that being accountable to shareholders and the public will mean even more responsibility for Uber employees. Visit Business Insider's homepage for more stories. Uber CEO Dara Khosrowshahi sent a letter to company employees ahead of its May 10th IPO, reflecting on the co...
Tags: Lyft, Uber, Ipo, Trends, Bloomberg, New York Stock Exchange, Dara Khosrowshahi, Khosrowshahi, Nasdaq Lyft, Uber s IPO, Bloomberg Khosrowshahi


Uber set to debut on NYSE, hopes to avoid Lyft’s fate: Reuters

Ride services giant Uber Technologies Inc is set to make its long-awaited stock market debut on Friday, after its initial public offering was priced at the lower end of its expected range. The IPO was oversubscribed but Uber settled for a lower price of $45 per share, compared with an expected range of $44-$50, to avoid a repeat of rival Lyft Inc’s stock market struggles following a strong debut in March. Lyft’s stock soared in the first few days of trading, but quickly turned around after inves...
Tags: Uber, China, Trends, IPOs, United States, Travis Kalanick, New York Stock Exchange, Cnbc, Nyse, Reuters, U S Department of Justice, Facebook Inc, Uber Technologies Inc, Lyft Inc, Tom White, Expedia Inc


Uber CEO Dara Khosrowshahi said Elon Musk won't be able to hit his goal of putting Tesla robotaxis on the road next year (TSLA)

Tesla CEO Elon Musk's timeline to have an autonomous ride-hailing service ready by next year is too aggressive, Uber CEO Dara Khosrowshahi told CNBC. "I think it will be quite a few years beyond [2020]," Khosrowshahi said when asked how much his prediction for when self-driving vehicles will arrive differs from Musk's. Autonomous-driving experts have told Business Insider that neither Tesla nor any of its competitors is likely to have fully autonomous driving technology ready by next year. V...
Tags: Elon Musk, US, Trends, Tesla, Mit, Cnbc, Musk, Dara Khosrowshahi, Khosrowshahi, Waymo Cruise, Dara Khosrwoshahi, Khosrwoshahi, Khosrhowshahi


Uber CEO Dara Khosrowshahi on basic Uber etiquette: Ask before using your phone, and don't slam the door

Uber CEO Dara Khosrowshahi was interviewed in the back of an Uber this week ahead of the company's impending initial public offering. Khosrowshahi discussed a variety of subjects, including self-driving taxis and the potential of food delivery through Uber Eats. When asked about passenger etiquette, he shared two easy, straightforward tips for all Uber riders: Be respectful and don't slam the door. Visit Business Insider's homepage for more stories. The CEO of Uber has two simple, straightfor...
Tags: Lyft, Uber, Trends, Cnbc, Don, Dara Khosrowshahi, Khosrowshahi


Meet the CEO taking Uber public

It was less than two years ago that Uber picked its new CEO. Dara Khosrowshahi left his comfy gig as the head of Expedia to lead what was at the time the most dysfunctional company in tech.
Tags: Cnn, Expedia, Dara Khosrowshahi


5 things to watch out for when Uber, the world's most valuable private tech company, goes public today

Uber will go public on the New York Stock Exchange on Friday morning, with an expected IPO price of $45 a share, at the lower end of its range. The company is making its blockbuster debut at a turbulent time for the markets. It's the biggest tech IPO since Facebook in 2012, even in a year of hot tech startups going public. We've listed out the five things to watch when the market opens. Visit Business Insider's homepage for more stories. Uber will make its debut on the New York Stock Exchang...
Tags: Facebook, Lyft, Uber, Mark Zuckerberg, Ipo, Trends, Snapchat, Travis Kalanick, New York Stock Exchange, Kalanick, Wall Street Journal, Journal, Carl Icahn, Garrett Camp, Nyse, George Soros


5 things to watch out for when Uber, the world's most valuable private tech company, goes public

Uber is set to go public on the New York Stock Exchange on Friday morning with an initial-public-offering price of $45 a share, at the lower end of its range. The company is making its blockbuster debut at a turbulent time for the markets. It's the biggest tech IPO since Facebook in 2012, even in a year of hot tech startups going public. We've listed out the five things to watch when the market opens. Visit Business Insider's homepage for more stories. Uber is set to make its debut on the Ne...
Tags: Facebook, Lyft, Uber, Mark Zuckerberg, Ipo, Trends, Snapchat, Travis Kalanick, New York Stock Exchange, Kalanick, Wall Street Journal, Journal, Carl Icahn, Garrett Camp, Nyse, George Soros