Softbank says there’s a “possibility’ it won’t invest in Uber

Japan’s SoftBank Group said on Tuesday it was considering investing in Uber Technologies Inc but there was no final agreement at this stage. “If conditions on share price and a minimum of shares are not satisfactory for the SoftBank Group side, there is a possibility the SoftBank Group may

Softbank says there’s a “possibility’ it won’t invest in Uber

Japan’s SoftBank Group said on Tuesday it was considering investing in Uber Technologies Inc but there was no final agreement at this stage. “If conditions on share price and a minimum of shares are not satisfactory for the SoftBank Group side, there is a possibility the SoftBank Group may

Uber board makes peace to clear way for Softbank investment

Uber’s warring board members have struck a peace deal that allows a multibillion-dollar investment by SoftBank Group to proceed, and which would resolve a legal battle between former Chief Executive Travis Kalanick and a prominent shareholder. Venture capital firm Benchmark, an early investor with a board seat in the

Billionaire ally of ex-Uber CEO busted on rape charge

A billionaire ally of ex-Uber CEO Travis Kalanick was arrested at a posh London hotel this past May after being accused of rape, according to a police report obtained by The Post. The explosive report says that an unidentified woman walked up to the “front office counter” at a

Uber directors weighing moves to curb ex-CEO’s clout

Directors at Uber plan to vote on board reforms and whether to pursue a major stock deal with SoftBank Group on Tuesday, Bloomberg reported on Monday, citing sources familiar with the matter.The moves could potentially reshape the ride-hailing company’s governance, limiting co-founder and former Chief Executive Travis Kalanick’s power as

Former Uber CEO scores a crucial court victory

Former Uber CEO Travis Kalanick just caught a big break in court.A Delaware judge on Wednesday threw the lawsuit brought against Kalanick by Uber’s largest investor, Benchmark Capital, into arbitration — saving Kalanick from having to give potentially damaging public testimony about a slew of scandals at the ride-sharing giant.Wednesday’s

Kalanick cries his eyes out as he introduces new Uber chief

Disgraced former Uber CEO Travis Kalanick cried his eyes out Wednesday as he received a standing ovation while introducing the new boss, Dara Khosrowshahi.Khosrowshahi assumed control of the ride-hailing company during an all-hands meeting at the company’s San Francisco headquarters.The momentous occasion set off the waterworks for Kalanick, who stepped

Kalanick cries his eyes out as he introduces new Uber chief

Disgraced former Uber CEO Travis Kalanick cried his eyes out Wednesday as he received a standing ovation while introducing the new boss, Dara Khosrowshahi.Khosrowshahi assumed control of the ride-hailing company during an all-hands meeting at the company’s San Francisco headquarters.The momentous occasion set off the waterworks for Kalanick, who stepped

Uber to disable creepy customer-tracking feature

Uber is pulling a heavily criticized feature from its app that allowed it to track riders for up to five minutes after a trip, its security chief told Reuters, as the ride-services company tries to fix its poor reputation for customer privacy.The change, which restores users’ ability to share location

Expedia chief a costly choice for top Uber job

Uber has gotten rave reviews for its new CEO pick — but it may have to pay through the nose to get him.The scandal-ridden ride-hailing company has offered its top job to Expedia Chief Executive Dara Khosrowshahi, who has won praise for turning around the travel site with his dealmaking

Uber to disable creepy customer-tracking feature

Uber is pulling a heavily criticized feature from its app that allowed it to track riders for up to five minutes after a trip, its security chief told Reuters, as the ride-services company tries to fix its poor reputation for customer privacy.The change, which restores users’ ability to share location

Uber board picks CEO of Expedia as chief executive

Uber has finally selected a new CEO — naming Expedia’s chief executive, Dara Khosrowshahi.The company’s board made the choice following a weekend of deliberations, according to Recode.But while members have made a decision, sources told the tech website that Khosrowshahi had still not been officially offered the job as of

Uber board picks CEO of Expedia as chief executive

Uber has finally selected a new CEO — naming Expedia’s chief executive, Dara Khosrowshahi.The company’s board made the choice following a weekend of deliberations, according to Recode.But while members have made a decision, sources told the tech website that Khosrowshahi had still not been officially offered the job as of

Uber board picks CEO of Expedia as chief executive

Uber has finally selected a new CEO — naming Expedia’s chief executive, Dara Khosrowshahi.The company’s board made the choice following a weekend of deliberations, according to Recode.But while members have made a decision, sources told the tech website that Khosrowshahi had still not been officially offered the job as of

GE chief among finalists in Uber CEO search: sources

DETROIT — Former General Electric Chief Executive Jeffrey Immelt is among the finalists being considered to run ride-hailing company Uber, but there’s no clear consensus among its board about a front-runner, two people briefed on the search said Monday.The people, who asked not to be identified because the search is

Kalanick calls venture firm’s lawsuit a “public and personal attack’

SAN FRANCISCO — The ousted chief executive of Uber Technologies Inc. rejected a lawsuit filed against him by one of the company’s top investors as a “public and personal attack” without merit, according to court documents filed late Thursday. see also Venture capital firm Benchmark Capital, which says it owns 13 percent

Venture firm defends surprise lawsuit against Uber, Kalanick

Uber’s biggest investor on Monday pushed back against three board members — saying it waited a month before filing a lawsuit seeking to keep ousted Chief Executive Travis Kalanick from meddling in the search for his replacement.Silicon Valley venture firm Benchmark Capital, responding to accusations that it unfairly blitzed Kalanick

Venture firm defends surprise lawsuit against Uber, Kalanick

Uber’s biggest investor on Monday pushed back against three board members — saying it waited a month before filing a lawsuit seeking to keep ousted Chief Executive Travis Kalanick from meddling in the search for his replacement.Silicon Valley venture firm Benchmark Capital, responding to accusations that it unfairly blitzed Kalanick

Uber shareholders revolt against venture firm after surprise lawsuit

The chaos inside Uber’s boardroom just shifted into high gear.A group of Uber shareholders is revolting against Benchmark Capital, the ride-sharing app’s biggest investor, which filed a surprise lawsuit on Thursday that seeks to oust former CEO Travis Kalanick from the ride-sharing app’s board.The dissenting shareholder group — headed by

Venture firm sues to kick Travis Kalanick off Uber’s board

Venture capital firm Benchmark Capital is suing former Uber Chief Executive Officer Travis Kalanick to force him off the board of the ride-services company and rescind his ability to fill three board seats, according to the lawsuit.The lawsuit filed Thursday accuses Kalanick of concealing a range of misdeeds from the

Venture firm sues to kick Travis Kalanick off Uber’s board

Venture capital firm Benchmark Capital is suing former Uber Chief Executive Officer Travis Kalanick to force him off the board of the ride-services company and rescind his ability to fill three board seats, according to the lawsuit.The lawsuit filed Thursday accuses Kalanick of concealing a range of misdeeds from the

Uber co-founder says Kalanick isn’t getting CEO job back

Travis Kalanick won’t be returning to Uber as its chief executive, according to a co-founder of the embattled ride-sharing app.Garrett Camp, who also has a seat on Uber’s board, told employees in a Monday memo that he had received questions about Kalanick’s future at an all-hands meeting last week.“Several questions

Uber co-founder says Kalanick isn’t getting CEO job back

Travis Kalanick won’t be returning to Uber as its chief executive, according to a co-founder of the embattled ride-sharing app.Garrett Camp, who also has a seat on Uber’s board, told employees in a Monday memo that he had received questions about Kalanick’s future at an all-hands meeting last week.“Several questions

Meg Whitman says she won’t be Uber’s next CEO

As Uber searches for its next chief executive, Hewlett Packard Enterprise Chief Executive Meg Whitman wants to make clear that it won’t be her.Whitman’s name was floated by several news reports, which claimed she was at the top of Uber’s list to replace former CEO Travis Kalanick after he had

Meg Whitman says she won’t be Uber’s next CEO

As Uber searches for its next chief executive, Hewlett Packard Enterprise Chief Executive Meg Whitman wants to make clear that it won’t be her.Whitman’s name was floated by several news reports, which claimed she was at the top of Uber’s list to replace former CEO Travis Kalanick after he had

YouTube’s Susan Wojcicki could be Uber’s next CEO

Our West Coast tipsters say YouTube boss Susan Wojcicki is gaining traction as Uber’s search firm Heidrick and Struggles continues its interviews. “They’ve been having conversations,” says a source who believes she is currently one of the top candidates.Also cropping up in conversations is former Cisco chief technology officer Padmasree

Marissa Mayer says Kalanick isn’t to blame for Uber’s troubles

Marissa Mayer said she is “friends” with Travis Kalanick, defending Uber’s ex-chief executive against critics who say he presided over a toxic frat-boy scene at the ride-hailing giant.Kalanick has been accused of encouraging a “bro culture” at the company, stealing trade secrets, fostering an environment of sexual harassment and permitting

Marissa Mayer says Kalanick isn’t to blame for Uber’s troubles

Marissa Mayer said she is “friends” with Travis Kalanick, defending Uber’s ex-chief executive against critics who say he presided over a toxic frat-boy scene at the ride-hailing giant.Kalanick has been accused of encouraging a “bro culture” at the company, stealing trade secrets, fostering an environment of sexual harassment and permitting

Why tech nerds are worse to date than finance bros

When Tinder first launched in 2012, a beautiful green-eyed New Yorker who works in public relations flew out to California to stay with the company’s co-founder Sean Rad during a business trip for the dating app.Apparently, Rad wanted a bit more pleasure with his business — she learned after the