Dara Khosrowshahi

Dara Khosrowshahi on the Power of Shared Mobility

Uber’s CEO says moving past private car ownership will benefit the economy and the environment<p>For the first time in many decades, urban transportation is in the midst of rapid change. For many, change can’t come fast enough.<p>Today’s transportation system, both in the U.S. and increasingly around the …

Uber

Uber Canada's GM on company's plan to win back trust of drivers, riders and investors

After a year of extreme tumult, Uber Technologies Inc. is framing 2018 as a chance to change.<p>The ride-sharing company dealt with allegations of sexual harassment and a toxic workplace culture, the revelation of a major data breach after which it paid hackers to erase stolen data from 57 million …

Uber

More unicorns might finally IPO in 2018

If the end of 2017 and beginning of 2018 represent an accurate implication of what is to come throughout the next year, we may be seeing a shift in …

Venture Capital

Why Uber Needs to Take the High Road to an IPO

Back in 2015, explaining why Uber Technologies Inc. was years away from a public offering, co-founder Travis Kalanick likened the company to an …

Uber

The Most-Anticipated IPOs of 2018

Some of the most sought-after unicorns may make their public debut.<p>While Spotify has taken a bit of the wind out of the sails of highly anticipated …

Investing

Billionaire media mogul Barry Diller can boil down his rule for hiring top talent into a single sentence

• <b>Barry Diller is the chairman of media holding company IAC.</b>• <b><br>In his long career in media and show business, he's hired and trained power brokers from when they were young and inexperienced.</b>• <b><br>He believes that it is best to promote inexperienced, hungry people to leadership roles, so that they grow into</b> …

Travis Kalanick discussed compensating the driver he berated in that viral video

Kalanick met with Uber driver Fawzi Kamel to apologize in the days after the video surfaced.<p>In the hours after a video came to light of Uber founder Travis Kalanick arguing with an Uber driver over low fares, Kalanick and a few other executives broached the idea of apologizing and buying the …

Uber

Rethinking Culture Fit To Avoid The Echo Chamber Effect

Executives looking to build out their growing teams without compromising on their core vision often aim for maximum “culture fit” among new recruits. It’s become a hot topic of discussion with several of my clients, especially as startups strive to iterate on their products at breakneck speed, …

Psychology

Losing money rapidly, how long can Uber last?

The top European court just dealt a major blow to Uber — and hints that its supremacy might be on the wane<p>Uber’s new CEO Dara Khosrowshahi <b></b>has a lot on his plate, trying to recover from a hellish year for the popular ride-sharing service. So he doesn’t need the crippling legal blow that the European …

Uber

Inside Uber’s $100,000 Payment to a Hacker, and the Fallout

SAN FRANCISCO — “Hello Joe,” read the November 2016 email from someone identifying himself as “John Doughs.” “I have found a major vulnerability in Uber.”<p>The email appeared to be no different from other messages that Joe Sullivan, Uber’s chief security officer, and his team routinely received …

Security

The IPO Class Of 2018: Spotify, Dropbox And Other Unicorns Take Center Stage

It’s shaping up to be a solid year for IPOs, with Spotify and Dropbox among the well-known companies that will seek the public markets in 2018 amid a soaring bull market.<p>Despite the attention given to the high-profile disappointments of Blue Apron and Snap, the IPO market finished a respectable …

Venture Capital

Uber reportedly disrupted government investigations for almost 2 years with a 'secret' system called 'Ripley'

• <b>A Bloomberg report claims that Uber had a system it used to disrupt government investigations.</b>• <b><br>Called Ripley, the system allowed a remote team to lock, shut off, and change passwords on devices the company feared would be targeted by investigators in foreign countries.</b>• <b><br>The company allegedly used the</b> …

Business

Build a Wall Between Uber and Travis Kalanick

The founder's warped ethics keep diminishing shareholder value even though he's left the executive suite.<p>There are two recent stories about Travis Kalanick, the former chief executive and current board member of Uber Technologies Inc., that caught my eye.<p>The first, which appeared last Friday, …

Business

How Uber Can Get to Break Even

Uber CEO Dara Khosrowshahi has told Uber executives he would like the company to nearly break even by the end of this year. By next year, when he has …

Uber

Rachel Whetstone: The posh girl loved by the valley billionaires

Perhaps the most illuminating story about Rachel Whetstone – veteran of Google and Uber and now a vice-president at Facebook – is that of  her 2008 …

Saatchi & Saatchi

Investors Say Uber's Value Has Plummeted 20 Percent, Report

Uber’s value has dropped according to several mutual funds, Recode reported on Thursday.<p>The reported decrease in value comes as the startup continues …

Uber

Uber is paying up to $3 million to settle a class-action lawsuit with NYC drivers

When Uber’s new CEO Dara Khosrowshahi took up the reins last year, he faced an intimidating to-do list. Uber had legal quarrels with everyone from …

Uber

Tim Cook & over 100 other CEOs pen letter urging Congress to protect DACA

Tim Cook is once again voicing his support for support for young immigrants in the Deferred Action for Childhood Arrivals, or DACA, program. Cooks is among over 100 CEOs who signed an open letter to House and Senate leaders today, voicing support for a bill to protect Dreamers…<p>In the letter, the …

Apple

Uber and Careem recruit first female drivers in Saudi Arabia

<b>Dubai (CNN) —</b> Ride hailing applications in Saudi Arabia are recruiting female drivers, after the Kingdom announced plans to lift the ban on women driving by June 2018.<p>Female customers currently represent 80% of Uber's Saudi rider base and 70% of business for its Dubai-based counterpart, Careem, …

Uber

Term Sheet -- Thursday, January 11

NEWS OF THE DAY<p>Good morning, Term Sheet readers.<p>It’s a news-y morning. Here are the highlights to start your day:<p><b>NEW INVESTMENT:</b> Hyundai has invested …

Venture Capital

The 10 Biggest Business Scandals of 2017

Though stock markets were deceptively calm in 2017, there was no shortage of bad actors and public relations snafus.<p>Quotes in the article<p>Samsung …

Wells Fargo

All you need to know about Brazil's first tech unicorn

Chinese firm Didi Chuxing invests in Brazilian ride-hailing app 99 and firm reaches valuation of $1 billion.<p>Chinese mobility firm Didi Chuxing has …

Uber

Sprint's Claure to join rapidly expanding Uber board

Sprint (NYSE:S) chief Marcelo Claure is going to join the board at Uber (Private:UBER), according to Recode, taking one of the two slots slated for …

Business

IPOs: US seeks depth in stock market listings pool

As Donald Trump never tires of boasting, the US stock market is enjoying an extraordinary boom. Last year the S&P 500 recorded its first ever perfect …

Venture Capital

Everyone that’s cashed out since Uber’s SoftBank deal (so far)

SoftBank is in the process of closing on a substantial stake in Uber that would value the company at $48 billion—a significant reduction from its previous valuation of $69 billion. To make room for SoftBank, Uber investors had to cash out of their shares. Here’s a list of who’s sold what:<p>Cofounder …

Uber

Travis Kalanick to sell part of his Uber shares for first time

Ousted Uber chief Travis Kalanick is for the first time selling shares in the company he co-founded, in a deal that will instantly make him over $1bn.<p>…

Uber

Will Trump Have to Excommunicate Don Jr.?

And can Jared Kushner stay out of jail? The Hive’s crack team of reporters discuss this, and more, on the latest episode of V.F. Hive on Cheddar.<p>With <b>Hoda Kotb</b> ascendant and <b>Steve Bannon</b> in the wilderness, the Hive’s intrepid reporters and contributors consider the pressing questions of the day: Will</b> …

Donald Trump

Travis Kalanick reportedly selling a third of his shares in Uber for $1.4 billion

End of a toxic, scandal-rich era<p>Ex-Uber CEO Travis Kalanick, who once boasted about never selling a share of the company he helped found, is divesting himself of a big chunk of Uber stock, according to <i>Bloomberg</i> and <i>Reuters</i>. A week after Softbank acquired one-fifth of Uber, Kalanick is selling around …

Uber

Uber Co-Founder Kalanick Plans to Sell 29% of His Shares in Company

Travis Kalanick, who holds about 10% of Uber, had previously indicated he wouldn’t sell shares into the offer<p>Travis Kalanick plans to sell 29% of his shares in Uber Technologies Inc., the ride-hailing giant he co-founded, as part of a broader investment deal led by SoftBank Group Corp., people …

Uber

Sprint’s Marcelo Claure will join Uber’s board, which will grow soon to 17 directors

Once on the CEO list, he’ll take one of two SoftBank seats — the other going to the Vision Fund’s Rajeev Misra<p>Sprint Marcelo Claure, who was once on the short list to be CEO of Uber, will be joining its board in the next few weeks, several sources confirmed.<p>The globe-trotting telecom CEO, whose …

Uber