Ousted Uber CEO Travis Kalanick is roaring back into the spotlight with a big announcement, and it’s all about taking a piss at a truckers’ rest stop.
Oh, wait, no it isn’t. It just that the new investment fund he unveiled Wednesday on Twitter …
Category: Travis Kalanick
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… Read More
Pennsylvania attorney general sues Uber over 2016 data breach
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Uber’s bad days are far from over. Pennsylvania Attorney General Josh Shapiro sued Uber on Monday for not disclosing a massive data breach for more than a year after it occurred in 2016.
Shapiro’s lawsuit alleged that Uber violated Pennsylvania state law by not notifying customers within a “reasonable amount of time,” The Hill reported. Shapiro can seek up to $1,000 in fines for every violation.
“Uber violated Pennsylvania law by failing to put our residents on timely notice of this massive data breach,” Shapiro said in a statement, according to The Hill. “Instead of notifying impacted consumers of the breach within a reasonable amount of time, Uber hid the incident for over a year – and actually paid the hackers to delete the data and stay quiet. That’s just outrageous corporate misconduct, and I’m suing to hold them accountable and recover for Pennsylvanians.” Read more…
More about Uber, Pennsylvania, Ride Hailing Apps, Data Breach, and Travis Kalanick
Pennsylvania attorney general sues Uber over 2016 data breach
Uber’s bad days are far from over. Pennsylvania Attorney General Josh Shapiro sued Uber on Monday for not disclosing a massive data breach for more than a year after it occurred in 2016.
Shapiro’s lawsuit alleged that Uber violated Pennsylvania state law by not notifying customers within a “reasonable amount of time,” The Hill reported. Shapiro can seek up to $1,000 in fines for every violation.
“Uber violated Pennsylvania law by failing to put our residents on timely notice of this massive data breach,” Shapiro said in a statement, according to The Hill. “Instead of notifying impacted consumers of the breach within a reasonable amount of time, Uber hid the incident for over a year – and actually paid the hackers to delete the data and stay quiet. That’s just outrageous corporate misconduct, and I’m suing to hold them accountable and recover for Pennsylvanians.” Read more…
More about Uber, Pennsylvania, Ride Hailing Apps, Data Breach, and Travis Kalanick
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… Read More
Uber and Waymo just reached a $245 million settlement
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The legal battle between two of the biggest tech titans is finally over — at least for now.
The attorney representing Waymo, the self-driving car company spun out of Google, settled its court case with ride-hailing giant Uber on Friday.
Google’s parent company, Alphabet, is set to receive 0.34 percent of Uber’s equity at a $72 billion valuation as part of the agreement.
The highly-anticipated trial, which started this week, involved Uber allegedly stealing trade secrets from Alphabet by hiring former employee Anthony Levandowski. As part of the settlement, Uber has agreed to work with Waymo so that certain software is credited to Google and not incorporated in Uber’s systems. Read more…
More about Transportation, Uber, Self Driving Cars, Waymo, and Travis Kalanick
View More Uber and Waymo just reached a $245 million settlement10 absurd Travis Kalanick quotes from the Waymo-Uber trial
Travis Kalanick, the former CEO of ride-hailing app Uber, let out some laughs, reminisced about old colleagues, and shared his awe over flying cars during several hours of questioning in a San Francisco courtroom this week.
Quick overview: Kalanick i…
Former Uber CEO Travis Kalanick keeps his cool during self-driving car courtroom drama
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Known for his fiery, overly aggressive approach to business, ousted Uber CEO Travis Kalanick seemed laid back and calm, if maybe a bit nervous while sipping on a water bottle, when he testified in a San Francisco court on Tuesday.
Kalanick appeared in U.S. District Judge William Alsup’s courtroom as part of the ongoing legal battle between two of the largest autonomous vehicle developers: Waymo and Uber.
After Kalanick resigned in June, he’s been elusive, releasing only a few statements. But Tuesday afternoon in the U.S. District Court he spoke — or at least responded to questioning — for nearly an hour. He was by no means effusive, but while wearing a suit and tie, he promptly answered all questions and didn’t come across as defensive or evasive. Read more…
More about Google, Uber, Self Driving Cars, Waymo, and Travis Kalanick
View More Former Uber CEO Travis Kalanick keeps his cool during self-driving car courtroom dramaBenchmark’s lawsuit against former Uber CEO Kalanick dismissed
It’s over. Benchmark’s lawsuit against former Uber CEO Travis Kalanick has now been dropped, ending one of the biggest VC-founder disputes in history. It was dismissed as a condition of the SoftBank investment in Uber getting done. The deal was completed earlier this month, giving both Benchmark and Kalanick an opportunity to sell a significant Uber stake. Read More
Crunch Report | GoPro Cuts 200-300 Jobs
App revenue reached $60 billion in 2017, Travis Kalanick is selling 29 percent of his Uber shares and GoPro cuts 200-300 jobs. All this on Crunch Report. Read More
View More Crunch Report | GoPro Cuts 200-300 JobsTravis 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… Read More
A look back at Uber’s hellish year
We endured plenty of the drama Uber packed in for every five-hundred twenty-five thousand six hundred minutes of 2017 — and what a year! From protests to a major sexual harassment probe, the ousting of co-founder and CEO Travis Kalanick, the crowning of new CEO Dara Khosrowshahi, the promising hints of that long-awaited IPO and an on-going lawsuit with Google over self-driving cars.… Read More