Uber Technologies' former security chief was convicted of concealing a massive data breach in a case that prosecutors tied to the company's troubled past under its original leadership
Mumbai-based Rebel Foods, and India's master franchise for US fast-food giant, Wendy's, have reached a new milestone with opening 28 new locations in 9 new Indian cities.
Uber turbocharged the gig economy and since 2010 has logged 15 billion trips. Kalanick was ousted as CEO in the summer of 2017 with the company mired in numerous lawsuits
Co-founder Garrett Camp also has reduced his stake, though not on the scale of Kalanick
A new startup called Virtual Kitchen plans to announce a $15 million investment and an expansion
Kalanick, 43, a director at the ride-hailing company, sold 20.3 million shares worth about $547 million that were held in a trust, according to a regulatory filing on Friday
Cloud kitchens, much like cloud computing services, have become a popular business model for food-delivery providers
As the CEO of Uber, Kalanick had visited India just once in December 2016, during which he interacted with Prime Minister Narendra Modi
He resigned in June, yielding to pressure from investors to clean up toxic corporate culture at Uber
Kalanick's resignation ends an exciting, even if fraught, era that revolutionised ride hailing
Uber CEO Travis Kalanick will take a leave of absence for an unspecified period and let his leadership team run the troubled ride-hailing company while he's gone. Kalanick told employees about his decision today in a memo. He says he needs time off to grieve for his mother, who died in a May boating accident. He also says he's responsible for the company's current situation and needs to become a better leader. The announcement comes as former US Attorney Eric Holder released a list of recommendations to improve Uber's toxic culture. He recommended that Kalanick be relieved of some leadership responsibilities, shifting them to a chief operating officer and other senior managers. The COO, yet to be hired, would be a partner with Kalanick. Holder also recommended that Uber use performance reviews to hold senior managers accountable by setting metrics for improving diversity and responsiveness to employee complaints. Holder's firm, Covington & Burling LLP, and a second firm, ...
Uber's image, culture and practices have been largely defined by Kalanick's brash approach
Bonnie Kalanick died at the scene, and her husband suffered moderate injuries
As movement grows to dump the ride-sharing service due to his connection with Trump administration
Kalanick says his company sold stake as battle in China became a global battle