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Uber's $10-bn stock sale deal with SoftBank shrouded in data breach scandal

Uber on Tuesday said that it had paid hackers $100,000 to destroy data on more than 57 million customers and drivers

Reuters  |  Toronto/San Francisco 

A newspaper advertisement for an Uber Technologies Inc stock sale was juxtaposed on Wednesday with a report that the ride-service provider had covered up a data hack - something of a metaphor for Uber, a company with boundless investor interest, but whose penchant for rule-breaking has led to a series of scandals. The stock sale advertised in the New York Times will enable Uber investors to sell their shares to Japanese investor SoftBank, a critical deal for the company whose problems included building software to spy on competitors and to evade regulators and being investigated in ...

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First Published: Fri, November 24 2017. 03:10 IST
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