Dara Khosrowshahi

In a bid to boost its self-driving unit, Uber plans to buy 24,000 autonomous cars from Volvo

Uber plans to buy up to 24,000 self-driving cars from Volvo, marking the <b>transition</b> of the US firm from an app used to summon a taxi to the owner and …

Transportation

DealBook Briefing: The New Fault Lines in the Tax Overhaul

<i>Good Monday morning. We’re watching the latest developments in the Senate’s tax proposal. (Want this in your own email inbox each morning? Here’s the sign-up.)</i><p><i>• Is bitcoin in a bubble?</i><p><i>•</i> <i>Susan Collins may oppose the Senate tax bill.</i><p><i>• One ex-C.E.O.’s thoughts on what a lower tax rate would (and</i> …

Business

Unicorns: What Are They Really Worth?

When a venture capitalist coined the concept “unicorn club” in 2013, it referred to software start-ups valued at $1 billion or more—just 39 at that …

Venture Capital

Intuit CEO: Old-school accountants will be ‘struggling in 5 years’ because of A.I.

Intuit CEO Brad Smith is bullish on the benefits artificial intelligence, machine learning and automation can bring to society, but he also has words …

Uber's 'Self-Inflicted Wounds' Are Providing a Window of Opportunity for Lyft

In the race to prevail in the ride-hailing market, it has become increasingly clear that it's not going to be a winner-take-all proposition.<p>Uber …

Automotive Industry

Former Uber board member and VC Bill Gurley says it’s time for Silicon Valley’s unicorns to ‘grow up’ and get profitable

• <b>Tech venture capitalist Bill Gurley thinks Silicon Valley 'unicorns' are growing up and realizing they need to be profitable.</b>• <b><br>But he also said that recent tech IPOs like Snap Inc.'s will lead private unicorns to possibly delay going public out of fear.</b><p>Silicon Valley's most valuable startups are …

Venture Capital

California Woman Sues Uber For Negligence In Alleged Rape By Driver

An unnamed woman sued the ride-hail giant on Thursday, alleging that the company did not do enough to properly vet the driver, who she says had been previously charged with violent offenses.<p>An unnamed woman sued Uber Technologies on Thursday, alleging that the company did not do enough to properly …

Uber

Uber's CEO Comes From What May Be the World's Most Techie Family

When Dara Khosrowshahi took the wheel as Uber’s CEO in August, few knew his name. The ex–Expedia chief outmaneuvered favorites like Meg Whitman of …

Tech Industry

Uber investor Bill Gurley: My firm was 'on the right side of history' for ousting Travis Kalanick

When it comes to Uber, venture capitalist Bill Gurley said he thinks he was on the right side of history.<p>Gurley is a general partner at Benchmark, a …

Venture Capital

5 Technologies That Can Prevent PR Nightmares

Today's technologies can make corporate snafus go viral in an instant. Fortunately, they can also be used to nip them in the bud.<p>Modern businesses are living in dangerous times. With the worldwide prevalence of social media and smartphones, one corporate misstep can become a PR nightmare in a …

Viral

New Generation Of Tech CEOs At Uber, Microsoft And Google Lead With Culture

If three makes a trend, then a new trend in leadership has emerged among technology companies: leading with corporate culture. In recent years, three leading technology players — Uber, Microsoft, and Google — have installed new CEOs whose primary missions seem to be more about core values than core …

Leadership

SoftBank's investment in Uber could bring a necessary overhaul for the tech giant

Uber's tie-up with Japanese tech giant SoftBank suggests the ridesharing giant is set to come of age in the business world, but it still faces a long …

Uber

What Is Uber Really Worth?

SoftBank Group Corp. is shooting for a multibillion-dollar stake in Uber Technologies by paying one price to the company and a lower one to its shareholders—an unusual approach at such a grand scale that raises the question of what the world’s most valuable startup is actually worth.<p>On Sunday, Uber …

Business

Here’s what people get wrong when debating automation: Stanford professor

Silicon Valley has changed the way we get around, the way we communicate, and the very way we live. While Forrester Research estimates technologies …

Maybe Arianna Huffington wasn’t the right person to police Uber’s sexual harassment

In 2017, Arianna Huffington became the public face of reform at Uber.<p>It was Huffington, an Uber board member since April 2016, who spoke to employees at the company’s first all-hands meeting after former engineer Susan Fowler came forward with allegations of sexual harassment in February. …

Arianna Huffington

Uber, SoftBank, and Kalanick-What Just Happened

<i>This article first appeared in Data Sheet, Fortune’s daily newsletter on the top tech news.</i> <i>Sign up here</i><i>.</i><p>When I published a book earlier this year …

Uber

5 Things We Learned About Uber's New CEO Dara Khosrowshahi

The ride-hailing service's new leader got real at The New York Times' annual DealBook Conference.<p>In just a few months on the job, Uber’s new CEO Dara Khosrowshahi has done quick work making the role his own.<p>In the wake of regulators in London banning the service earlier this fall, instead of the …

Uber

Lyft to begin first international operations in Toronto

The ride-hailing company Lyft, a major U.S. rival to Uber, is moving to gain ground internationally.<p>Lyft announced Monday that it planned to begin operating in Toronto, its first international location, in time for the holiday season.<p>The company, which has benefited from several scandals at Uber, …

Uber

Arianna Huffington on Uber's new culture: 'We do the right thing. Period'

After a tumultuous year that saw a major sexism scandal and founder Travis Kalanick resign as CEO, Uber released new "cultural norms" last week.<p>Media …

HBCUs

Softbank weighs up $10 bln investment in Uber

FIRST AIRED: November 14, 2017<p>Nice work! Enjoy the show!<p>You’re busy. We get it.<p>Stay on top of the news with our Editor’s Picks newsletter.<p>Unsubscribe …

Uber

20th Century Fox exec launches startup to combat sexual harassment

Twentieth Century Fox Vice President Claire Schmidt is leaving the film studio to create a tool so employees at any company can report harassment, …

20th Century Fox

Uber is raising the saddest $10 billion in funding ever

Uber is still a shiny unicorn per Silicon Valley standards, but the ride-hailing giant is nowhere near as magical as it used to be.<p>The latest …

Uber

Uber agrees multi-billion dollar Softbank deal after unpicking boardroom feud

Uber has struck a deal with Japanese tech giant Softbank for a multi-billion dollar investment into the ride-sharing firm, according to overnight …

Uber

Lyft is expanding beyond the U.S. as it battles Uber

Lyft is planning to make its first trip outside the U.S. by carrying passengers in Toronto.<p>The ride-hailing service says it's recruiting drivers starting Monday in Canada's largest city and expects to begin service sometime in December.<p>It's another move in Lyft's plan to compete with rival Uber, …

Uber

Lyft expands ride-sharing battle with Uber beyond US

in New York<p>Uber’s US rival Lyft is expanding outside of its home market, taking the competition between the two companies into a new arena at a time …

Uber

Uber’s ‘peace deal’ is ready for signing, allowing the SoftBank tender offer to proceed

Employees will be able to sell half their stock.<p>A “peace deal” to settle an ugly boardroom war at Uber is expected to be signed today or tomorrow. If all goes well — and this is a big “if” still since, <i>well</i>, Uber — it should clear the way for a multi-billion dollar tender offer by SoftBank and other …

Business

Uber Board Members Put Aside Differences To Accept Giant Sack Of Investment Cash

Uber has struck a multi-billion dollar deal led by investment companies Softbank and Dragoneer. The agreement will not only give SoftBank a major …

Uber

Uber Hopes a New Investment Keeps It Afloat After the First $11.6 Billion

Portrayed as a win, what good is it when a company needs billions more to keep in business?<p>Ride-sharing and self-driving vehicle company Uber reportedly has an impending multi-billion investment from Softbank. But what seems on the surface to be great news looks more like a sign that things are …

Uber

SoftBank is on the verge of investing $10 billion in Uber

Uber has agreed to receive an investment led by Japanese tech conglomerate SoftBank, bringing months-long negotiations closer to their end. The deal, should it close, will help the ride-hailing giant turn a new leaf after a tumultuous year that saw the downfall of its founder Travis Kalanick, who …

Uber

Uber moves forward with massive SoftBank investment

Uber has raised billions in capital since its founding, but a new investment deal could be its most crucial yet -- and also its most complicated.<p>The ride-hailing startup said Sunday that it has reached an agreement for what could be a massive investment from SoftBank (SFTBF), the Japanese …

Uber