Tag Archives: Uber

Ousted Uber co-founder ditches shares for $1.4bn bonanza

Uber co-founder Travis Kalanick, sidelined after several controversies at the company, has diluted his share power in a bid to bolster his billionaire status. The former Uber CEO, who last year stepped down from his position due to mounting pressure from investors, has reportedly sold one third of his stock in a share deal involving Japanese telecommunications firm, Softbank Group. ...

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Google is investing in Indonesia-based Uber rival Go-Jek

Google is back investing in ride-hailing companies. The U.S. search firm and China’s Meituan-Dianping are among the tech giants set to invest in Go-Jek, the Indonesia-based rival to Grab and Uber, a source with knowledge of discussions told TechCrunch. We understand a deal could be completed as soon as next week, though whether Go-Jek announces it is unclear since it ...

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Uber used secret program to block office computers and thwart police raids – report

Apart from evading law enforcement and flouting local laws and bans, ride-hailing company Uber allegedly used special technology to remotely lock down equipment in order to protect files from police raids. Read more From spring 2015 until late 2016, the firm’s employees in San Francisco regularly deployed the secret tool to shut off computers in Uber foreign offices to hide ...

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Toyota teams up with Uber, Amazon, Pizza Hut and more on mobility services

Toyota has partnered with a number of companies to form the “e-Palette Alliance,” which is a group intended to help guide its transformation as a mobility services company, and determine how it makes use of its new e-Palette vehicle platform, which is a modular, driverless vehicle intended to suit a number of purposes at once. The alliance at launch includes ...

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EU court rules Uber is taxi service, not technology company

Published time: 20 Dec, 2017 10:17 The European Union’s top court has ruled the ride-hailing firm Uber should be treated as a transportation service. The ruling pushes the company into the hands of European regulators, which it has previously managed to avoid. “The service provided by Uber connecting individuals with non-professional drivers is covered by services in the field of ...

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Covert Uber ‘impersonation’ and ‘wiretapping’ claims revealed in court letter

Published time: 16 Dec, 2017 16:04 A suit brought against Uber by an autonomous car firm has yielded more explosive allegations against the ride-hailing service, including that specialized teams were used to carry out covert operations to nab trade secrets. The allegations were published in a letter on Friday by a Northern District of California court, where a legal wrangle ...

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Uber reports massive losses amid legal troubles & regulatory scrutiny

Published time: 30 Nov, 2017 15:05 Growing litigation costs and fierce global competition have widened Uber’s net loss in the third quarter to $ 1.46 billion reports the company. This compares to a loss of $ 1.06 billion in the previous quarter. At the same time, net revenue went up from $ 1.66 billion to $ 2.01 billion with gross ...

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Uber accused of hiring ex-CIA spies to steal trade secrets from rivals

Published time: 29 Nov, 2017 09:20 Taxi service Uber had a team of employees spying on rival companies to steal trade secrets, a former employee testified in US federal court in San Francisco. According to Uber’s former manager of global intelligence Richard Jacobs, the company hired former CIA agents to help infiltrate computers of rivals. Jacobs said it was done ...

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Uber banned in Israel after just one month

Published time: 27 Nov, 2017 14:49 Things aren’t so uber for Uber in Israel as a local court ordered the company to stop providing its taxi service in the country after a month of operations. Uber began working in Israel in late 2016, but only on a pilot basis. Full-scale operations started just over a month ago. The Israeli court ...

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Uber faces avalanche of govt probes over data breach cover-up

The US, the UK and Italy are among a widening group of countries that are up in arms and vowing to probe Uber’s cover-up of a massive hack attack that affected the personal data of over 57 million passengers and drivers across the globe. Read more The news comes on the heels of the ride-hailing company’s surprise acknowledgement that hackers ...

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