Candlelites

Everything from Everywhere

travis kalanick is already back running a company with a 150m investment techcrunch - Search

travis kalanick is already back running a company with a 150m investment techcrunch Searched between all the resources and sites across the web. To view the full text news click on the links searched. All links are displayed with the source site.



travis kalanick is already back running a company with a $150m investment – tech


travis kalanick, the former uber ceo who was shown the door in june last year amid a series of major controversies, has already found his next leading role following his announcement of a new investment fund just weeks ago.kalanick said on twitter that his fund would be investing $150 million to take a controlling interest in city storage systems, or css. he will also be running the company as ceo, according to recode. it’s a holding company focused on redevelopment of distressed real estate. kalanick resigned from uber after facing a lawsuit with waymo over trade secrets, an ongoing battle with existing shareholders benchmark capital, and the fallout from a harassment probe led by former attorney general eric holder. uber brought on new ceo dara kosrowshahi in august last year.travis anno






uber ceo travis kalanick resigns


uber’s embattled ceo travis kalanick is resigning from the ride-sharing company he helped found in 2009 following a “shareholder revolt” led by some of uber’s most prominent investors, the new york times reports.an uber spokesperson confirmed to techcrunch that kalanick has stepped down.the report states that five of uber’s most prominent investors, including benchmark, wrote a letter titled “moving uber forward,” which recommended that the ceo step aside immediately. after hours of discussion, kalanick agreed to resign.“i love uber more than anything in the world and at this difficult moment in my personal life i have accepted the investors request to step aside so that uber can go back to building rather than be distracted with another fight,” kalanick said in a statement given to the ti






mother of uber ceo travis kalanick killed in boat accident


bonnie kalanick, the mother of uber ceo travis kalanick, has died in a boating accident. kalanick's father, donald, was injured and is in serious condition.the ride-hailing company says saturday that the accident took place friday night in fresno, california.the couple, in their early 70s, have been longtime boaters. in a memo to uber staff, liane hornsey, the chief human resources officer, called the incident an "unthinkable tragedy." she wrote that "everyone in the uber family knows how incredibly close travis is to his parents."travis kalanick, 40, founded uber in 2009.






uber ceo travis kalanick resigns


uber’s embattled ceo travis kalanick is resigning from the ride-sharing company he helped found in 2009 following a “shareholder revolt” led by some of uber’s most prominent investors, the new york times reported.kalanick announced last week that he was taking a leave of absence from the company following the release of a report into uber’s toxic company culture.the report states that some of uber’s most prominent investors wrote a letter titled “moving uber forward,” which recommended that the ceo step aside immediately. after hours of discussion, kalanick agreed to resign, though he will continue to hold a position on uber’s board.“i love uber more than anything in the world and at this difficult moment in my personal life i have accepted the investors request to step aside so that uber






travis kalanick is launching a venture fund


travis kalanick, the controversial co-founder and one-time chief executive of uber is launching a new investment fund called the 10100 fund.according to an announcement on his twitter account, the new fund will focus on “large-scale job creation”.investment areas are to include real estate, e-commerce, and emerging innovations in china and india.it’s the systemization of work that kalanick had been conducting quietly with boards, non-profits, and through investments in young companies.it’s likely that kalanick will invest in startups in that magic number between 10 and 100 employees (the magic growth stage for startup companies).we’ve reached out to kalanick for comment and will update this once we hear back.one user on twitter pointed out that kalanick might want to rethink the name of th






mother of uber ceo travis kalanick killed in boat accident – the denver post


new york — bonnie kalanick, the mother of uber ceo travis kalanick, has died in a boating accident. kalanick’s father, donald, was injured and is in serious condition.the ride-hailing company says saturday that the accident took place friday night in fresno, california.the couple, in their early 70s, have been longtime boaters. in a memo to uber staff, liane hornsey, the chief human resources officer, called the incident an “unthinkable tragedy.” she wrote that “everyone in the uber family knows how incredibly close travis is to his parents.”travis kalanick, 40, founded uber in 2009.






uber ex-ceo travis kalanick names directors in power play


uber technologies inc.’s ousted chief executive, travis kalanick, is appointing two new directors to the ride-hailing firm’s board, a surprise move that would bolster his clout as the company faces several critical decisions including a possible multibillion-dollar investment from softbank group corp.mr. kalanick appointed former xerox corp. ceo ursula burns and former cit group inc. ceo john thain as the 10th and 11th uber...






travis kalanick is launching a venture fund


travis kalanick, the controversial co-founder and one-time chief executive of uber, is launching a new investment fund called the 10100 fund.according to an announcement on his twitter account, the new fund will focus on “large-scale job creation.”investment areas are to include real estate, e-commerce and emerging innovations in china and india.it’s the systematization of work that kalanick had been conducting quietly with boards, nonprofits and through investments in young companies.it’s likely that kalanick will invest in startups in that magic number between 10 and 100 employees (the magic growth stage for startup companies).we’ve reached out to kalanick for comment and will update this once we hear back.one user on twitter pointed out that kalanick might want to rethink the name of th






travis kalanick joins medical tech startup’s board of directors


former uber ceo travis kalanick has joined the board of directors for kareo, a medical health tech startup, axios reports. techcrunch has since confirmed the appointment, along with the addition of rob reid to the board. this is kalanick’s first public appointment since his ouster from uber in june.kalanick was an angel investor in kareo, a company that has raised about $125 million in venture funding. the company is geared toward physicians with independent practices to help with patient communications, payments and marketing.“the company has experienced increasing provider growth in the last year, and the changes in the healthcare sector now underway further accelerate demand for kareo’s clinical and business management platform,” a kareo spokesperson told techcrunch. “we’re the first an






uber seeks to moderate brash ceo travis kalanick


tearing up at times, uber technologies inc. chief executive travis kalanick reflected on the previous five years after a stretch of negative headlines.“i realize that i can come off as a passionate advocate for uber,” mr. kalanick said, reading from a teleprompter. “i also realize that some have used a different ‘a’ word to describe me. i’ll be the first to admit i’m not perfect, and neither is this company.”the humbling...






12 people who could replace uber ceo travis kalanick


file photo of travis kalanick, who just announced that he was stepped down as ceo of uber (photo by steve jennings/getty images for techcrunch)news broke overnight that embattled uber ceo travis kalanick is stepping down. kalanick will still serve on the company’s board, but the company needs a new ceo. and it needs one quickly, if it wants to calm down some nervous investors.people on twitter are already speculating about who might be the best replacement for kalanick. some think an executive like recently departed yahoo ceo marissa mayer would be a good choice, while others aren’t so sure. one thing that makes it all much more complicated is that kalanick will reportedly help oversee the selection of his replacement.we’ve done a round-up of the twelve most likely replacements, culled fro






12 people who could replace uber ceo travis kalanick


file photo of travis kalanick, who just announced that he was stepped down as ceo of uber (photo by steve jennings/getty images for techcrunch)news broke overnight that embattled uber ceo travis kalanick is stepping down. kalanick will still serve on the company’s board, but the company needs a new ceo. and it needs one quickly, if it wants to calm down some nervous investors.people on twitter are already speculating about who might be the best replacement for kalanick. some think an executive like recently departed yahoo ceo marissa mayer would be a good choice, while others aren’t so sure. one thing that makes it all much more complicated is that kalanick will reportedly help oversee the selection of his replacement.we’ve done a round-up of the twelve most likely replacements, culled fro






a rare win for travis kalanick in a year of defeats


top of the order:  a win is a win, right?: not to beat a dead horse, but this hasn’t been a great year for travis kalanick.from getting caught up in a verbal argument with an uber driver, to dealing with all kinds of reports of gender discrimination at uber, to finally resigning as chief executive from the company he built up to a valuation estimated at $70 billion, it’s been a year of one black eye after another for kalanick. and as if all of that wasn’t enough, kalanick’s mother also died in a boating accident.even after he left the day-to-day running of uber, kalanick wasn’t rid of bad news. he still remains on the company’s board of directors, and benchmark, one of uber’s big investors, has been trying to get kalanick booted from the uber board room. benchmark is suing kalanick, allegi






setbacks force uber to find a deputy for ceo travis kalanick


tearing up at times, uber technologies inc. chief executive travis kalanick reflected on the previous five years after a stretch of negative headlines.“i realize that i can come off as a passionate advocate for uber,” mr. kalanick said, reading from a teleprompter. “i also realize that some have used a different ‘a’ word to describe me. i’ll be the first to admit i’m not perfect, and neither is this company.”the humbling...






uber board decides to move forward with softbank talks


uber’s board of directors unanimously voted today to move forward with a proposed investment by softbank and dragoneer investment group. the deal isn’t finalized just yet, so it’s not clear how much money the firms will invest in uber. as techcrunch previously reported, the amount could be between $8 billion and $10 billion.“today, after welcoming its new directors ursula burns and john thain, the board voted unanimously to move forward with the proposed investment by softbank and with governance changes that would strengthen its independence and ensure equality among all shareholders,” the board said in a statement to techcrunch. “softbank’s interest is an incredible vote of confidence in uber’s business and long-term potential, and we look forward to finalizing the investment in the comi






uber ceo travis kalanick to take leave of absence


uber technologies inc. chief executive travis kalanick said he would take an indefinite leave from the company he built into the world’s most valuable startup, as the ride-hailing giant announced sweeping changes to its workplace culture following a series of scandals.mr. kalanick said in an email to uber’s 12,000 employees tuesday that he would shift his responsibilities to his direct reports while he is away, stepping in only for...






uber ceo travis kalanick to take leave of absence


uber technologies inc. chief executive travis kalanick will take an indefinite leave of absence from the company amid intense scrutiny over its workplace culture, marking a huge shift for the highflying startup.mr. kalanick said in an email to all uber staff tuesday that he would step aside to allow for direct reports to run the ride-hailing company and that he will step in only for major strategic decisions. he is grieving the...






uber chief travis kalanick rides out recent storms


tearing up at times, uber technologies inc. chief executive travis kalanick reflected on the previous five years after a stretch of negative headlines.“i realize that i can come off as a passionate advocate for uber,” mr. kalanick said, reading from a teleprompter. “i also realize that some have used a different ‘a’ word to describe me. i’ll be the first to admit i’m not perfect, and neither is this company.”the humbling...






uber seeks deputy for ceo travis kalanick after setbacks


uber technologies inc. chief executive travis kalanick confirmed tuesday the company is seeking a chief operating officer after a series of recent controversies buffeted the world’s most valuable startup.at a meeting with uber employees, mr. kalanick said he is seeking “a peer who can partner with me to write the next chapter in our...






uber ceo caught on video arguing over fares with driver – the denver post


uber’s ceo says he needs leadership help after a video has emerged of him arguing heatedly with a driver about fares.in the latest embarrassment to beset the ride-hailing company, ceo travis kalanick is seen discussing uber’s business model with the driver.in the dashcam video obtained by bloomberg news , the driver argues that kalanick is lowering fares and claims he lost $97,000 because of him. “i’m bankrupt because of you.”steve jennings, getty images for techcrunchuber ceo travis kalanick speaks onstage at techcrunch discrupt at pier 48 on sept. 8, 2014 in san francisco, calif.kalanick lashes back. “you know what? some people don’t like to take responsibility for their own s—. they blame everything in their life on somebody else. good luck,” he said, then slamming the door.after the vi






tragedy strikes as uber ceo kalanick loses mother in boating accident, father in


we’ve received word from uber that the kalanick family suffered an unthinkable tragedy this weekend.ceo travis kalanick’s parents were in a boating accident in fresno and kalanick’s mother bonnie horowitz kalanick has passed away. his father donald kalanick was also injured.the company provided the following statement. “last night travis and his family suffered an unspeakable tragedy. his mother passed away in a devastating boating accident near fresno and his father is in serious condition. our thoughts and prayers are with travis and his family in this heartbreaking time.”fresno’s sheriff’s department had more detail about the incident. kalanick was said to be close to his parents. he recently posted this photo of them at the kentucky derby together.our thoughts are with the kalanick fam






uber ceo travis kalanick takes leave of abence


amidst a tough time for uber, ceo travis kalanick’s parents were in a tragic boating accident last month that took the life of his mother. now to clear his head before enacting changes at uber, travis has told his team he’ll be taken a leave of absence of unspecified length.kalanick notes that  “during this interim period, the leadership team, my directs, will be running the company. i will be available as needed for the most strategic decisions, but i will be empowering them to be bold and decisive in order to move the company forward swiftly. it’s hard to put a timeline on this – it may be shorter or longer than we might expect.”team,for the last eight years my life has always been about uber. recent events have brought home for me that people are more important than work, and that i nee






uber's ceo and cofounder travis kalanick steps down | news


uber's troubled ceo and cofounder travis kalanick has resigned after a shareholder revolt, the company said in a statement.wednesday's announcement came after a shareholder revolt as the company launched a new campaign to change its image amid a number of sexual harassment claims in the workplace, among other concerns.the company's board confirmed the move, saying that kalanick is taking time to heal from the death of his mother in a boating accident "while giving the company room to fully embrace this new chapter in uber's history". on tuesday, five of the ride-hailing app's major investors demanded the chief executive step down immediately in a letter delivered to him in chicago.in a statement, kalanick said his resignation would help uber go back to building "rather than be distracted w






uber ceo travis kalanick told employees he’s looking for a coo


travis kalanick, uber’s chief executive officer, notified his employees this morning that the company is actively looking for a chief operating officer. this comes following a report from the information that kalanick was planning to appoint a second-in-command executive.“this morning i told the uber team that we’re actively looking for a chief operating officer: a peer who can partner with me to write the next chapter in our journey,” kalanick wrote on uber’s blog today.uber’s 2017 has so far been a tumultuous one so far. it’s been riddled with allegations of sexual harassment and sexism, twoexecutives leaving the company and a leaked video kalanick going off on an uber driver about fares. kalanick apologized for his behavior shown in the video, admitting that he needs leadership help and






tragedy strikes as uber ceo kalanick loses mother in boating accident, father in


we’ve received word from uber that the kalanick family suffered a tragic event this weekend.ceo travis kalanick’s parents were in a boating accident in fresno yesterday and his mother bonnie horowitz kalanick has passed away. his father donald kalanick was also injured.the company provided the following statement. “last night travis and his family suffered an unspeakable tragedy. his mother passed away in a devastating boating accident near fresno and his father is in serious condition. our thoughts and prayers are with travis and his family in this heartbreaking time.”fresno’s sheriff’s department had more detail about the incident. kalanick was said to be close to his parents. he recently posted this photo of them at the kentucky derby together.bonnie kalanick was 71. our thoughts are wi






some uber employees are reportedly petitioning for travis kalanick to stay


there’s a petition circulating among uber employees asking the board of directors to let travis kalanick return to the company, recode reports. the email going around talks about how kalanick is “critical” to the company’s future success. it ultimately asks employees to show their support for kalanick and push for him to get reinstated in an operational role.update 10:45am pt: the letter, which was signed by over 1,100 employees (uber employs about 14,000 people), has since been sent to the board, axios reports.“as the folks who’ve actually worked alongside travis for years to help create uber from nothing, we are extremely disappointed by the short-sightedness and pure self-interest demonstrated by those who are supposed to protect the long-term interests of our company,” the letter to th






uber's ceo and co-founder travis kalanick steps down | news


uber's troubled ceo and co-founder travis kalanick has resigned after a shareholder revolt, the company said in a statement.wednesday's announcement came after a shareholder revolt as the company launched a new campaign to change its image amid a number of sexual harassment claims in the workplace, among other concerns.the company's board confirmed the move, saying that kalanick is taking time to heal from the death of his mother in a boating accident "while giving the company room to fully embrace this new chapter in uber's history". mobile apps threaten new york's taxi industryon tuesday, five of the ride-hailing app's major investors demanded the chief executive step down immediately in a letter delivered to him in chicago.in a statement, kalanick said his resignation would help uber go






uber ceo travis kalanick takes leave of absence


san francisco — uber ceo travis kalanick will take a leave of absence, temporarily handing the day-to-day work of running the nearly $70 billion company to a “leadership team,” he announced tuesday in a company-wide memo to employees.the decision to temporarily step down from the helm of the world’s most valuable startup comes as uber is attempting to move past the sexual harassment allegations and other scandals that have tainted the company’s reputation for months.“the ultimate responsibility, for where we’ve gotten and how we’ve gotten here rests on my shoulders,” kalanick wrote in the email, which was released by the company. “there is of course much to be proud of but there is much to improve. for uber 2.0 to succeed there is nothing more important than dedicating my time to building






who will replace travis kalanick at uber?


while the tech world chewed over the shocking news that uber ceo travis kalanick was stepping down, another narrative was surfacing throughout silicon valley that promised to be just as big of a story as the demise of the startup’s bad-boy founder:who will take over as uber ceo?with kalanick leaving such a huge — and messy — footprint as he departs the helm of the most iconic example of a global shared economy, it’s hard to even imagine anyone else running the company with as much vim and vigor as its now-former ill-fated chief. but with uber under incredible pressures on marketing, financial and legal fronts, its board must imagine and must imagine quickly.here are some of the names that have been bandied about as possible replacements for uber’s enfant terrible:marissa mayer, former ceo






uber ceo travis kalanick to take leave of absence


uber technologies inc. chief executive travis kalanick said he would take an indefinite leave from the company he built into the world’s most valuable startup, as the ride-hailing giant announced sweeping changes to its workplace culture in response to a series of scandals. mr. kalanick said in an email to uber’s 12,000 employees tuesday that he would shift his responsibilities to 14 direct reports while he is away, stepping in only for major strategic decisions. the move by the 40-year-old co-founder creates another...






travis kalanick reportedly plans to sell about 29% of his uber shares


uber founder and former ceo travis kalanick plans to sell nearly a third of his shares in the company, reports bloomberg. the transaction would be part of the tender offer in which softbank group agreed to buy shares in uber valuing it at $48 billion, a huge discount from its last fundraising valuation. according to bloomberg’s sources, kalanick wants to sell 29% of his stake and would make about $1.4 billion.kalanick, who resigned as ceo in june but remains on uber’s board of directors, currently owns about 10 percent of the ride-sharing company. bloomberg’s sources say he originally wanted to offer up to half of his uber stake, but couldn’t because of limits in the tender offer agreement.kalanick stands to become a billionaire if the sale goes through, but the deal is also notable becaus






uber ceo travis kalanick quits as investors revolt


uber technologies inc.’s co-founder and chief executive, travis kalanick, has resigned after a group of investors pressured him to step down following a bruising six months of scandal and setbacks, marking a stunning turnabout for one of silicon valley’s highest-flying startups.mr. kalanick, 40 years old, handed in his resignation tuesday, a spokesman said. several investors pushed mr. kalanick to resign, people familiar with the...






uber ceo travis kalanick takes a leave after probe results find need for more ac


kalanick's decision came the same day as the company released recommendations that will also lessen some of his influence at the company.        






uber board member bill gurley resigns after leading effort to remove ceo travis


bill gurley, a venture capitalist whom sources said led the push to demand the resignation of uber chief executive travis kalanick, stepped down late wednesday from his role at the company too.gurley is being replaced immediately by his colleague, matt cohler, on the ride-hailing app maker’s board of directors, according to a spokesperson for their investment firm benchmark. uber declined to comment.gurley’s resignation from the uber board comes at a tempestuous time for the san francisco company as it tries to recover from a string of scandals that led to kalanick’s resignation on tuesday. benchmark led a minority investor bloc that controls about 40% of uber’s shareholder votes in arguing that kalanick couldn’t shake his aggressive management style or be the one to reshape the company’s






uber ceo travis kalanick quits as investors revolt over scandals


uber technologies inc.’s co-founder and chief executive, travis kalanick, has resigned after a group of investors pressured him to step down following a bruising six months of scandal and setbacks, marking a stunning turnabout for one of silicon valley’s highest-flying startups.mr. kalanick, 40 years old, handed in his resignation tuesday, a spokesman said. several investors pushed mr. kalanick to resign, people familiar with the...






uber ceo kalanick's mother dies in boat accident


image copyrightreutersimage caption travis kalanick's father remains in a serious condition the mother of car hire company uber's co-founder travis kalanick has died in a boating accident in california.mr kalanick's parents bonnie and donald were out on a lake in fresno when their boat sank on friday.mrs kalanick, 71, and her husband were found on the shore of pine flat lake by the emergency services.fresno county sheriff's office said a preliminary investigation suggested their boat had struck a rock, with the kalanicks both hurt in the collision.a spokesman for uber said the family had suffered "an unspeakable tragedy", adding that mr kalanick's father was in a "serious condition".an investigation into the accident is ongoing, the sheriff's department said, with an autopsy due to be carr






uber ceo kalanick's mother dies in boat accident


image copyrightreutersimage caption travis kalanick's father remains in a serious condition the mother of car hire company uber's co-founder travis kalanick has died in a boating accident in california.mr kalanick's parents bonnie and donald were out on a lake in fresno when their boat sank on friday.mrs kalanick, 71, and her husband were found on the shore of pine flat lake by the emergency services.fresno county sheriff's office said a preliminary investigation suggested their boat had struck a rock, with the kalanicks both hurt in the collision.a spokesman for uber said the family had suffered "an unspeakable tragedy", adding that mr kalanick's father was in a "serious condition".an investigation into the accident is ongoing, the sheriff's department said, with an autopsy due to be carr






1,000 sad uber employees reportedly sign petition demanding terrible ceo return


photo: apemployees at uber are apparently circulating a petition demanding that travis kalanick be reinstated as ceo of the company, despite how royally he fucked it all up this past year. kalanick resigned this week after pressure from five major uber investors following the release of a report on uber’s internal culture and a seemingly endless series of scandals and fuck-ups. despite the overwhelming evidence that kalanick needed to go, more than 1,000 current uber employees have now signed a petition demanding the board reinstate him, axios reports. according to screenshots obtained by buzzfeed, the petition says employees “need to revolt this” and that kalanick was an “inspiration” who can “come back strong as travis 2.0.” recode reports that the petition says the board must “hear from






uber ceo travis kalanick resigns; board says he's putting company first


travis kalanick, co-founder and chief executive of ride-hailing company uber, resigned tuesday, just a week into a leave of absence meant to quell concerns about his management style.“i love uber more than anything in the world and at this difficult moment in my personal life i have accepted the investors request to step aside so that uber can go back to building rather than be distracted with another fight,” kalanick said in a statement given to the new york times.the san francisco start-up, valued at near $70 billion, has been rocked this year by allegations of a corrosive culture that allowed bad behavior and sexual harassment to go unchecked for years.last week, the company announced that kalanick would take an indefinite leave of absence — in part to grieve the sudden death of his mot






uber ceo travis kalanick resigns; board says he's putting company first


travis kalanick, co-founder and chief executive of ride-hailing company uber, resigned tuesday, just a week into a leave of absence meant to quell concerns about his management style.“i love uber more than anything in the world and at this difficult moment in my personal life i have accepted the investors request to step aside so that uber can go back to building rather than be distracted with another fight,” kalanick said in a statement given to the new york times.the san francisco start-up, valued at near $70 billion, has been rocked this year by allegations of a corrosive culture that allowed bad behavior and sexual harassment to go unchecked for years.last week, the company announced that kalanick would take an indefinite leave of absence — in part to grieve the sudden death of his mot






uber ceo kalanick's mother dies in boat accident


image copyrightreutersimage caption travis kalanick's father remains in a critical condition the mother of car hire company uber's co-founder travis kalanick has died in a boating accident in california.mr kalanick's parents bonnie and donald were out on a lake in fresno when their boat sank on friday.mrs kalanick, 71, and her husband were found on the shore of pine flat lake by the emergency services.fresno county sheriff's office said a preliminary investigation suggested their boat had struck a rock, with the kalanicks both hurt in the collision.a spokesman for uber said the family had suffered "an unspeakable tragedy", adding that mr kalanick's father was in a "serious condition".an investigation into the accident is ongoing, the sheriff's department said, with an autopsy due to be car






uber ceo travis kalanick resigns; board says he's putting company first


travis kalanick, co-founder and chief executive of ride-hailing company uber, resigned tuesday, just a week into a leave of absence meant to quell concerns about his management style.“i love uber more than anything in the world and at this difficult moment in my personal life i have accepted the investors request to step aside so that uber can go back to building rather than be distracted with another fight,” kalanick said in a statement given to the new york times.the san francisco start-up, valued at near $70 billion, has been rocked this year by allegations of a corrosive culture that allowed bad behavior and sexual harassment to go unchecked for years.last week, the company announced that kalanick, 40, would take an indefinite leave of absence — in part to grieve after the sudden death






uber drivers have their say about ceo travis kalanick's resignation


former uber chief executive travis kalanick is a controversial figure, even among drivers for the ride-hailing company.though the san francisco firm has put money in the wallets of the drivers who offer rides on its platform, many drivers opposed kalanick’s decisions and uber’s leadership under his watch.some drivers have fought in court to be treated as employees rather than independent contractors, a classification that they say deprives them of benefits to which they are legally entitled. some have complained of being shortchanged by the technology start-up with the world’s highest private market valuation. some have protested the company’s refusal to allow tipping on its app (uber relented on this front on tuesday, offering passengers for the first time the ability to tip.)issues like






uber ceo travis kalanick resigns; board says he's putting company first


travis kalanick, co-founder and chief executive of ride-hailing company uber, resigned tuesday, just a week into a leave of absence meant to quell concerns about his management style.“i love uber more than anything in the world and at this difficult moment in my personal life i have accepted the investors request to step aside so that uber can go back to building rather than be distracted with another fight,” kalanick said in a statement given to the new york times.the san francisco start-up, valued at near $70 billion, has been rocked this year by allegations of a corrosive culture that allowed bad behavior and sexual harassment to go unchecked for years.last week, the company announced that kalanick, 40, would take an indefinite leave of absence — in part to grieve the sudden death of hi






uber ceo travis kalanick resigns; board says he's putting company first


travis kalanick, co-founder and chief executive of ride-hailing company uber, resigned tuesday, just a week into a leave of absence meant to quell concerns about his management style.“i love uber more than anything in the world and at this difficult moment in my personal life i have accepted the investors request to step aside so that uber can go back to building rather than be distracted with another fight,” kalanick said in a statement given to the new york times.the san francisco start-up, valued at near $70 billion, has been rocked this year by allegations of a corrosive culture that allowed bad behavior and sexual harassment to go unchecked for years.last week, the company announced that kalanick, 40, would take an indefinite leave of absence — in part to grieve the sudden death of hi






uber ceo travis kalanick resigns; board says he's putting company first


travis kalanick, co-founder and chief executive of ride-hailing company uber, resigned tuesday, just a week into a leave of absence meant to quell concerns about his management style.“i love uber more than anything in the world and at this difficult moment in my personal life i have accepted the investors request to step aside so that uber can go back to building rather than be distracted with another fight,” kalanick said in a statement given to the new york times.the san francisco start-up, valued at near $70 billion, has been rocked this year by allegations of a corrosive culture that allowed bad behavior and sexual harassment to go unchecked for years.last week, the company announced that kalanick, 40, would take an indefinite leave of absence — in part to grieve the sudden death of hi






some uber employees want ex-ceo kalanick back


the majority of uber’s investors may have wanted its co-founder and chief executive travis kalanick out, but some employees of the ride-hailing company are already calling for his return.san francisco — the majority of uber’s investors may have wanted its co-founder and chief executive travis kalanick out, but some employees of the ride-hailing company are already calling for his return.in a petition that began circulating within uber on wednesday, employees called for uber’s board of directors to reinstate kalanick, who resigned tuesday evening after pressure from investors and months of scandals.“yes, travis is flawed, as we all are,” the petition reads. “but his passion, vision, and dedication to uber are simply unmatched. we would not be here today without him, and believe he can evolv






softbank looks to finalize uber investment today


after months of talks, softbank group is close to finalizing its investment in uber. multiple sources tell techcrunch that the deal is expected to be signed later in the day on sunday.softbank plans to lead a $1 billion investment directly in the company alongside dragoneer investment group. the joint venture will also buy up to $9 billion of shares from eligible existing shareholders in a tender offer, with the total investment amounting to at least 14% of uber’s shares. private equity firm general atlantic is also participating.bloomberg, which first reported the news, said that venture capital firm benchmark capital will be dropping its lawsuit against former ceo travis kalanick, as a condition of the deal. we’re told that this is happening as long as enough shareholders sell shares to






embattled uber ceo travis kalanick resigns; board says he's putting company firs


facing mounting pressure brought on by a ... of scandals, travis kalanick, co-founder and chief executive of ride-hailing company uber, resigned tuesday — just a week into a leave of absence meant to quell concerns about his management style.“i love uber more than anything in the world and at this difficult moment in my personal life i have accepted the investors request to step aside so that uber can go back to building rather than be distracted with another fight,” kalanick said in a statement given to the new york times.the san francisco start-up, valued at near $70 billion, has been rocked this year by allegations of a corrosive culture that allowed bad behavior and sexual harassment to go unchecked for years.last week, the company announced that kalanick, 40, would take an indefinite






mother of uber ceo travis kalanick killed in boat accident


the mother of the ceo of the ride-hailing company uber died in a boat accident in a california lake, the company said.bonnie kalanick, 71, died after the boat she and her husband, donald, 78, were riding in hit a rock in pine flat lake and sank, fresno county authorities said.they are the parents of travis kalanick, 40, who founded uber in 2009. the company has since grown to become an international operation with a market value of nearly $70 billion.the kalanicks, from the northridge neighborhood of los angeles, have been longtime boaters. in a memo to uber staff, liane hornsey, the chief human resources officer, called the friday evening accident an "unthinkable tragedy." she wrote that "everyone in the uber family knows how incredibly close travis is to his parents."officers were called