Travis Kalanick

Filling In What SoftBank's Uber Statement Did Not Say

<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>SoftBank issued a brief statement Thursday in …

Tech Industry

Recode Daily: Did your city make Amazon’s shortlist for its HQ2?

Plus, what has Travis Kalanick been up to? And Spotify is reinventing radio, and are you old money or new money?<p><b>Here are the 20 cities Amazon is considering for its second headquarters:</b> The list isn’t very surprising, comprised of a bunch of the bigger East Coast and Midwestern cities; Toronto was …

Susan Wojcicki

Farhad’s Week in Tech: Big Tech Is Pouring Love on America. Thank Trump?

<i>Each Friday, Farhad Manjoo, technology columnist at The New York Times, reviews the week’s news, offering analysis and maybe a joke or two about the most important developments in the tech industry.</i> <i>Want this newsletter in your inbox? Sign up here.</i><p>Good morning, readers! It was an interesting week in …

Elaine Thompson

When a start-up like Uber or Lyft goes public, what do the drivers get?

Edward Escobar has been driving for Uber and Lyft for nearly four years. That’s eons in Silicon Valley time. If he were an employee at either ride-hailing company, he’d be considered a stalwart, probably with stock options fully vested. And if either company went public at their current valuations, …

Uber

Further reading

<b>Elsewhere on Friday,</b><p>— On capitalist hegemony.<p>— The fall of Travis Kalanick: weirder and darker than you thought.<p>— The problem with courting Amazon.<p>— …

Courting Amazon, Twitterstorms and Baby Advice

Here are your morning reads.<p>My end-of-week morning train reads:<p>Meet the man behind those "bitcoin genius" ads all over the internet (Yahoo Finance)<br>• The Fall of Travis Kalanick Was a Lot Weirder and Darker Than You Thought (Bloomberg Businessweek)<br>• Where would stocks be if Hillary Clinton had won? The …

Uber CEO Travis Kalanick ignored multiple warnings about hiring Anthony Levandowski

As we’ve seen time and time again in Silicon Valley, the same qualities that can propel founders to incredible success can also from the basis for …

Technology

Travis Kalanick Net Worth: Ousted Uber CEO Will Get $1.4 Billion From Deal

Ousted Uber CEO and co-founder Travis Kalanick will see his fortune grow on Thursday as Softbank completes its deal with the ride-hailing company, …

Uber

Government Shutdown Looms, IBM Returns to Growth - 5 Things You Must Know

Shares of International Business Machines Corp. (IBM) fell 3.3% in premarket trading on Friday as investors reacted cautiously to the company's …

Tech Industry

Friday's Morning Email: House Passes A Spending Bill, But The Shutdown Threat Still Looms

TOP STORIES<p><i>(And want to get The Morning Email each weekday? Sign up here.)</i><p><b>THE HOUSE HAS PASSED A SPENDING BILL, BUT THE THREAT OF A SHUTDOWN REMAINS</b> House Republican leaders cut a last-minute deal with conservatives, but that legislation still faces challenges. Here’s how a shutdown would affect …

Prince Harry

Apple and Amazon Have Their Reality TV Moment

Hi all, it’s Eric. Reality television has come to Silicon Valley. Apple Inc. announced this week that it was accelerating “investing and job …

Business

Fortune Most Admired Companies, IBM Revenue Growth: CEO Daily for January 19, 2018

Top News<p><b>At Long Last</b><p>IBM ended its five-year streak of declining quarterly revenue on Thursday, reporting $22.5 billion in fourth-quarter sales, up 4% …

Leadership

Asia news roundup: Carousell’s latest funding, SoftBank’s uber Uber investment, and more

Carousell co-founders Quek Siu Rui (L), Lucas Ngoo (M), and Marcus Tan (R) / Photo credit: CarousellThese were the top tech stories this …

Startups

Data Sheet—Filling In What SoftBank's Uber Statement Didn't Say

NEWSWORTHY<p><b>Finally</b>. <b>IBM</b> reported quarterly revenue of $22.5 billion, slightly more than Wall Street expected and 4% more than a year earlier. That ends …

Tech Industry

The Fall of Travis Kalanick Was a Lot Weirder and Darker Than You Thought

Silicon Valley CEOs are supposed to be sacrosanct. So how did it all go wrong at Uber?<p>A year ago, before the investor lawsuits and the federal …

Business

Former Uber CEO Travis Kalanick just became an actual billionaire with $1.4 billion in cash, and he plans to start giving it away

• <b>It's been a good day for the former Uber CEO Travis Kalanick.</b>• <b><br>A deal with perhaps the most powerful investor in tech, one that had been in the works for months, closed on Thursday.</b>• <b><br>That deal dropped a cool $1.4 billion in cash into Kalanick's pocket and will soon end a contentious lawsuit with his</b> …

Business

Travis Kalanick's final months as Uber CEO reportedly included squirming on the floor 'on his hands and knees' and offering the driver he yelled at $200,000

• <b>Bloomberg on Thursday published a detailed report of Travis Kalanick's final months as Uber CEO and subsequent ouster.</b>• <b><br>The story describes Kalanick as combative and stubborn, lobbying behind the scenes and attempting to maintain control of Uber.</b>• <b><br>Kalanick even offered Uber stock to a driver he was</b> …

Uber

The definitive account of Travis Kalanick’s Uber downfall is here

Travis Kalanick may no longer be Uber’s CEO, but his time at the top continues to provide irresistible fodder for journalists. <i>Bloomberg’s</i> Eric Newcomer and Brad Stone have a report on his downfall, which fleshes out the story we already knew in fascinating detail. <b>Kalanick was unrealistic, isolated,</b> …

Uber

Travis Kalanick's Downfall Shows How Necessary Accountability Is to Strong Leadership

A new look behind the scenes at the ousting of the former Uber CEO reveals a universal truth about what is required to run a successful company.<p>Staff Writer. Covers media, tech, startups, culture and workplace trends.<p>In the months leading up to former Uber CEO Travis Kalanick stepping down from his …

Uber

Uber Closes $9B SoftBank Deal; Investor Group Could Curb App’s Asian Influence

Could Uber’s troubles be coming to an end?<p>Last night the controversial ride-hailing startup finally closed a deal with SoftBank Group, making the …

Business

Uber Completes Sale of $9.3 Billion in Stock Led by SoftBank

Uber Technologies Inc. completed its deal with SoftBank Group Corp., triggering a slate of governance reforms at the ride-hailing company.<p>Uber …

Uber

How to play '2048,' the addicting smartphone game Travis Kalanick is obsessed with

Travis Kalanick's latest obsession is the puzzle game "2048."<p>A new piece out Thursday from Bloomberg details Kalanick's final few months as Uber CEO and what he's been up to after being pushed out of the company — and that includes a new addiction to the popular smartphone game.<p>Kalanick's last few …

Uber

A behind-the-scenes look at Travis Kalanick's fall at Uber: from Susan Fowler's blog post and Waymo's lawsuit to the fight with Benchmark Capital's Bill Gurley

Uber

Why Washington May Kill China’s Car Entry Into The U.S. Before It Happens

Good morning! Welcome to The Morning Shift, your roundup of the auto news you crave, all in one place every weekday morning. This is going to be a …

Carlos Ghosn

Google’s CEO has no problem releasing employees from nondisclosure agreements so women can speak out

Some companies use NDAs to keep former employees from going public with their negative experiences.<p>Google’s top executives say that they don’t want employees, particularly women, to be forcibly silenced when it comes to speaking out about workplace issues, like sexual harassment.<p>In a conversation …

Technology

Travis Kalanick Net Worth Tops $4 Billion With Sale of Uber Stock

Travis Kalanick is no longer just a billionaire on paper.<p>After a $9.3 billion deal with Japan’s Softbank, the former chief executive of Uber is …

Uber

SoftBank tells Uber to focus on US and Europe as deal closes

Uber’s largest shareholder has called for the car-booking company to focus on recovering market share in the US and growing in key European markets, …

Didi Chuxing

The Gig Economy: Pioneering The Future

Two years ago, I decided to do the unthinkable for many Americans — give up my car. Needless to say, I spent a lot of time using ride-sharing services like Uber and Lyft. One of my favorite ways to get to know my drivers was to ask them a simple question: What do you enjoy most about your job? …

Ashton Kutcher

Uber agrees investment from SoftBank

<b>A group of investors led by SoftBank is taking a large stake in Uber in a deal that will further enrich the ride-hailing company's billionaire founder.</b><p>Uber said it has closed the deal with the consortium, which is purchasing $1.25bn in new shares and a large number from existing shareholders.<p>Uber …

Uber

After SoftBank Investment, Uber Is No Longer World's Most Valuable Unicorn

With SoftBank’s investment in Uber, the ride hailing app can no longer claim its long-held title of world’s most valuable startup.<p>On Friday, SoftBank …

Business