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New Uber CEO Waited 2 Months To Disclose Data Breach To Investors, Customers

Earlier this month, newly minted Uber CEO Dara Khosrowshahi made his first high-profile public appearance when he sat down for an interview with the New York Times’s Andrew Ross Sorkin.  Speaking in dulcet tones, Khosrowshahi laid out his vision for making Uber’s workplace culture more inclusive, for building out the product, working with regulators who […]


Uber Admits It Hid Massive Cyberattack For Over A Year, Paid Hackers To Keep Quiet

Just when you thought Uber had hit rock-bottom and was on its way back up… In a somewhat stunning – even for Uber – series of events, Bloomberg reports that the ride-hailing service concealed a massive cyberattack – in which hackers stole personal data from 57 million customers – for more than a year… and […]


Uber Shareholder Drops Lawsuit Against Kalanick, Clearing Way For Softbank Investment

Tuesday’s meeting of the Uber Inc. board – the first following Kalanick’s unilateral decision to appoint former Xerox Corp. Chairwoman and CEO Ursula Burns and former Merrill Lynch Chairman and CEO John Thain – appears to have been a productive one. Reuters is reporting that the board voted to move ahead with two issues, a […]


Look Who Kalanick Just Appointed To The Uber Board Without Consulting Anyone

It looks like Travis Kalanick is preparing for all-out war in the Uber boardroom. The Uber co-founder and former chief executive officer – who retains control over three board seats, including his own – has finally filled his long-vacant seats. And guess whom he picked to fill them? Former Xerox Corp. Chairwoman and CEO Ursula […]


Softbank Agrees To Block Kalanick From Returning As Uber’s CEO

Travis Kalanick’s hopes to someday return as Uber’s CEO have just been dashed. Japanese conglomerate Softbank has struck an agreement with Uber’s shareholders to block Travis Kalanick from ever being reinstated as the leader of the perennially cash-burning ride-hailing company, according to Bloomberg. As the Wall Street Journal reported earlier this month, Softbank is seeking […]


New Uber CEO’s “Welcome Aboard” Gift: Another Federal Investigation

Little more than a day after Dara Khosrowshahi decided to accept the Uber board’s offer to become the embattled ride-share company’s new CEO – after the company’s top two candidates dropped out of the running – he received a welcome-aboard present that was just so…Uber. Namely, a report in the Wall Street Journal claiming that […]


Uber Selects Expedia Chief Dara Khosrowshahi As Its Next CEO

Just nine hours after Jeff Immelt tweeted that he was no longer in the race to be Uber’s next CEO, moments ago Uber’s board selected Expedia CEO Dara Khosrowshahi, 48, various news outlets report. According to Recode, the board selected the “third candidate”, one who was not only an unknown until now, but one who […]


For First Time Ever, Mutual Funds Slash Uber Valuation By Up To 15%

Exactly two weeks ago, we asked if Uber – the world’s most valuable private company – is heading for a valuation-crushing, 40% discount down-round.   Some of our arguments were the following: First, those hoping for a ‘return of the king’ moment were disappointed after it was confirmed that Travis Kalanick isn’t coming back. Second, […]


Uber CEO’s Texts With Engineer Revealed: “Let’s Start @faketesla…About Stupid Shit Elon Says”

If nothing else comes of Google suing their former autonomous driving engineer Anthony Levandowski (refresher: he’s the guy that split with 14,000 proprietary Google documents, used them to start a new self-driving tech company called Otto and then promptly sold it to Uber for $700 million), the following text messages exchanged between Levandowski and former […]