Yesterday, it was revealed that Benchmark Capital, an Uber investor with a seat on the company's board, is suing former CEO Travis Kalanick for fraud. Now, in an equally bizarre move, a group of investors is asking Benchmark to divest a significant p...
Investors demand key VC firm leave Uber’s board in light of lawsuit
Yesterday, it was revealed that Benchmark Capital, an Uber investor with a seat on the company's board, is suing former CEO Travis Kalanick for fraud. Now, in an equally bizarre move, a group of investors is asking Benchmark to divest a significant p...
It has been only a couple of days since Uber co-founder Garrett Camp promised that former CEO Travis Kalanick would not be coming back to the company as CEO. Now Benchmark Capital, an early investor with a seat on Uber's board, is suing Kalanick for...
New court filings in the Waymo v. Uber lawsuit document the breakdown between the two companies' cooperation and potential partnership. The filings contain a series of emails between former Uber CEO Travis Kalanick and Google senior VP David Drummond...
It's no secret that Uber is a bit of a mess right now and the subject of a number of different scandals. The company is recently CEO-less (and remains COO-, CFO-, and general counsel-less as well). It has lost a board member and fired 20 employees be...
Travis Kalanick stepped down as Uber's CEO earlier this week, leaving the CEO, COO, CFO and general counsel positions open. But while he's no longer head of the company, Kalanick is far from gone. He's still a member of the board and controls the maj...
It's said that those who don't pay heed to history are forever doomed to repeat it, but Silicon Valley prides itself on its short memory. It tells its denizens that only by unlearning received wisdom can you see clear to remake the world in your own...
The New York Times reports that, under heavy pressure from a large group of company shareholders, Uber CEO Travis Kalanick is stepping down. Despite a reputation for scandals that appeared to be accelerating -- sexual assaults by drivers, "greyballin...
Uber's list of "issues" seems to grow with each passing day. Even when it tries to turn things around something goes wrong like one of its board members making a sexist remark and ending up leaving his seat. But it's still trying to convince its cust...
Uber is a classic example of that old adage about money not being enough to buy you class, especially in 2017. The startup, valued at around $70 billion, has been helped and hindered by the leadership of its controversial CEO, Travis Kalanick. After...