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Market Watch

Dara Khosrowshahi

CEO, Uber

Birth DetailsMay 28, 1969 | Tehran, Iran

NationalityAmerican

LeagueBusiness Leader

EducationBS, Brown University

Dara Khosrowshahi’s Journey so far

Dara Khosrowshahi’s family emigrated from Iran to the United States during the Iranian revolution in 1978 when he was just nine years old
He did his schooling from the US and enrolled at Brown University from where he completed his Bachelor of Science(BS) in Electrical and Electronics Engineering
Khosrowshahi’s first job was with Allen & Company where he served as Vice-President and also worked as an analyst. After 7 years in the investment bank, he stepped down to join IAC as CFO during the dot-com boom
IAC acquired Expedia in 2002 and Khosrowshahi was promoted as the CEO of the travel firm in 2005. Under him, , Expedia went on an acquisition spree buying firms like Orbitz and HomeAway and invested heavily in mobile
In total he clocked 41 deals amounting to $12.7 billion and grew the company's revenue to $10.1 billion from $2.1 billion. During his tenure, Expedia shares rose sharply
Within a span of a few years, Khosrowshahi transformed Expedia into one of the world’s most successful travel and technology platforms. He not only transformed Expedia into a large travel company but also took care of employees; as a result, he was named one of the Highest Rated American CEOs on Glassdoor
After over a decade in Expedia, he was appointed as CEO of ride-hailing firm Uber Technologies in 2017 beating candidates like Jeffrey Immelt of General Electric and Meg Whitman of Hewlett Packard Enterprises. He is also on the board of Uber
In Uber, Khosrowshahi had to deal with a wave of major scandals but undertook bold steps like cutting costs, slashing jobs and exiting from unprofitable businesses to transform the San Francisco based cab-hailing app. He also guided Uber in acquiring Jump, a start-up renting electric bicycles and the Middle East-based ride-hailing firm Careem
Khosrowshahi helped Uber raise $8.1 billion in an IPO in 2019, which was a watershed moment for the ride-hailing company. His ambition is to make Uber an Amazon of mobility

Before you go ...

In an interview to ET in 2018, Khosrowshahi said Narendra Modi was his favourite entrepreneur
He is one of the most outspoken CEOs of the technology world and has been vocal against some of the policies of Donald Trump. He voiced his displeasure particularly on Trump's policy on immigration
He loves trekking in the mountains and loves cable TV

Last Updated: 12/02/2021

Dara Khosrowshahi News

Uber weighs higher bid for Delivery Hero: FT
Uber's board met to discuss increasing its offer for Delivery Hero after a major shareholder rejected a bid valuing the German firm at over 11.5 billion euros. Uber CEO Dara Khosrowshahi previously offered 33 euros per share, but a larger shareholder was rebuffed with a 38 euros per share proposal.
Uber CEO on Travis Kalanick; Micron’s warning to India
Dara Khosrowshahi told ET in an interaction that Uber is open to collaborating with founder Travis Kalanick. This and more in today’s ETtech Top 5.
Uber still ahead despite stiffening competition, playing to win: CEO Dara Khosrowshahi
Uber CEO Dara Khosrowshahi asserts the company's dominance, highlighting expansion into allied businesses and India's projected rise as its largest market. He also expressed openness to revisiting food delivery and potentially partnering with Travis Kalanick on autonomous vehicles, while emphasizing India's growing role in AI infrastructure development.
Uber to set up first India data centre with Adani Group
Uber CEO Dara Khosrowshahi announced the company's first data center in India, a collaboration with the Adani Group, set to launch later this year. This facility will be instrumental in testing and deploying Uber's technology at scale.
Uber teams up with Adani for first data center in India
Uber CEO Dara Khosrowshahi announced a partnership with Adani Group to establish Uber's first data center in India. This facility, set to be operational later this year, will enable Uber to test and deploy technology, supporting its growth as a global innovation hub for the company.
Uber CEO Dara Khosrowshahi begins five-day India visit; meets finance minister Nirmala Sitharaman
Uber CEO Dara Khosrowshahi is in India, meeting top ministers to discuss strategic investments and platform growth. He highlighted a quadrupling of earners on Uber's platform since 2022, emphasising partnership for India's development. The visit occurs amid heightened competition and Uber's focus on premium services and fleet operator investments.
Uber taps Expedia to add hotel bookings in super app push
Uber is expanding its services by partnering with Expedia for in-app hotel bookings. Uber One members will get hotel discounts and credits. New features include AI voice booking and unified search. This move aims to make Uber a one-stop platform for travel, rides, and food. Vacation rentals will be added later this year. International Uber One benefits start in June.
Of rides & rivals: Travis Kalanick on Uber’s capital strategy, competition with Lyft
Travis Kalanick said the Uber–Lyft rivalry became a battle for venture capital as much as riders. Uber used fundraising as a strategic weapon, attracting massive investor demand. After leaving Uber, Kalanick launched CloudKitchens and later Atoms, focusing on food delivery infrastructure, robotics and automation while expanding operations across several global markets.
Uber misses on profit outlook, names new CFO for robotaxi future
The executive, Balaji Krishnamurthy, has been with Uber for more than six years and is currently vice president of strategic finance and investor relations. He will replace current CFO Prashanth Mahendra-Rajah, who is leaving for another opportunity after less than three years at the company, according to a regulatory filing published Wednesday. The outgoing CFO will step down from his post on Feb. 16 and stay on as a senior finance adviser through July 1, the filing said.
Uber forecasts strong holiday-quarter bookings on membership boost
CEO Dara Khosrowshahi said the Uber One program was encouraging customers to book more food and grocery deliveries, underscoring increased potential for the services the company offers outside ride-hailing.
Uber not a holding company: CEO Dara Khosrowshahi on why he sold Zomato stake
Uber CEO Dara Khosrowshahi emphasized India's crucial role for Uber, ranking third in mobility trips with significant driver growth. He highlighted Ola's decline due to distractions, positioning Rapido as a key competitor with its subscription model, while Uber remains focused on its core mobility business and profitability in the Indian market.
Uber in talks with banks, private equity firms to fund robotaxi expansion
The company has been offering robotaxis from Alphabet-owned Waymo on its ride-hailing app in Austin and Atlanta. It also struck a $300 million partnership in July that will allow it to deploy more than 20,000 vehicles.
‘Hopefully I won’t break anything’: Bill Gates takes on a day in customer service at his daughter’s startup
Bill Gates recently joined the customer service team at Phia, a fashion-tech startup co-founded by his daughter Phoebe Gates and her Stanford classmate Sophia Kianni. In a LinkedIn post, he explained that working directly with users is the best way to understand how things function. The move has triggered wider conversations about leadership, echoing similar actions by other CEOs like Uber’s Dara Khosrowshahi. While Gates chose not to fund the startup, he continues to support his daughter in other ways.
Uber in talks with its founder, Travis Kalanick, to fund self-driving car deal
Uber is reportedly in discussions with its co-founder Travis Kalanick to potentially fund his acquisition of Pony.ai's U.S. subsidiary, a Chinese autonomous vehicle company. This move signals Uber's increasing concern over competition from self-driving taxi services like Waymo and Tesla. Kalanick would lead Pony if the deal materializes, marking a significant shift in Uber's strategy towards autonomous vehicles.
Uber appoints Palo Alto CEO Nikesh Arora to board
Uber has appointed Palo Alto Networks CEO Nikesh Arora to its board, where he will serve on the Nominating and Governance and Compensation Committees. Arora, with a strong background at Google and SoftBank, brings extensive experience in technology and business strategy. Dara Khosrowshahi, Uber's CEO, expressed excitement about Arora's contributions to the company's long-term strategy.
Pradeep Parameswaran elevated as Uber’s global mobility head in top-level rejig
Pradeep Parameswaran, former Uber India head, has been promoted to global head of mobility amid a leadership shake-up. He replaces Andrew Macdonald, now COO. This marks Parameswaran’s second promotion in a year. Uber continues to elevate Indian-origin executives, with key roles held by Sachin Kansal and Praveen Naga in tech leadership since October 2024.
Leave if you don't like it: Uber CEO Dara Khosrowshahi's waring to employees amid return-to-office push
Uber is reinforcing its return-to-office mandate, requiring employees to be present at least three days a week starting in June. CEO Dara Khosrowshahi acknowledges that these changes, along with adjustments to benefits like sabbatical eligibility, may not suit everyone. He suggests that those unhappy with the new policies are free to seek opportunities elsewhere, given the strong job market.
Diversity pullback: Tech giants lead US companies in discontinuing initiatives
The changes have come in response to a campaign by conservative activists to target workplace programs in the courts and social media, and more recently, President Donald Trump's executive orders aimed at upending DEI policies in both the federal government and private sector.
Musk declines Uber’s partnership offer; Tesla to go solo on robotaxis
This decision implies that in American cities such as Austin, Uber and Alphabet-backed self-driving technology company Waymo will be competing with Tesla when it launches its autonomous service. However, Tesla has not officially confirmed its plans.
Elon Musk’s robotaxi vision: Could Tesla and Uber join forces? Uber CEO weighs in
Uber CEO Dara Khosrowshahi says no one wants to compete with Elon Musk’s Tesla, calling its capabilities extraordinary. He sees a Tesla-Uber partnership as a win-win.
Should you follow suit? Here's why billionaire Bill Ackman bought $2.3 billion worth of this stock
Billionaire investor Bill Ackman's Pershing Square Capital acquired a $2.3 billion stake in Uber by purchasing 30.3 million shares. Ackman has praised Uber's CEO for transforming the company and also claimed that the company has more scope for growth.
Uber shares jump to three-month high after Bill Ackman builds stake
Shares of Uber Technologies soared to a three-month high after billionaire Bill Ackman revealed a $2.3 billion stake. Ackman praised CEO Dara Khosrowshahi for transforming Uber into a profitable growth machine since 2017. Uber's fourth-quarter revenue jumped 20% to $11.96 billion, although adjusted net profit fell short of expectations, at 23 cents per share.
Uber Q4 Results: Company projects quarterly bookings below estimates hurt by strong dollar
Uber Technologies forecast current-quarter bookings below Wall Street estimates on Wednesday, joining a slew of U.S. companies in warning that a strong dollar could hurt the first three months of 2025, sending its shares down about 3% in premarket trading.
A vibe shift at Davos
Dara Khosrowshahi, Uber's CEO, will host the company's first inauguration event before attending the World Economic Forum in Davos. This reflects a shift in corporate America as CEOs embrace Trump's policies, emphasizing geopolitics, economic issues, and scaled-back commitments to ESG and DEI initiatives.
Program for Trump 2.0: Tech titans to show up for swearing-in
Several tech leaders, including Sam Altman, Mark Zuckerberg, and Dara Khosrowshahi, plan to attend or participate in Donald Trump's inauguration events. The industry seeks to strengthen ties with Trump amid concerns about his stance on tech issues, including AI. Meta and Amazon have pledged donations, and executives like Zuckerberg and Bezos have engaged with Trump personally.
OpenAI, Meta, Uber CEOs to attend Trump inauguration events
Several prominent tech leaders, including OpenAI CEO Sam Altman, Meta's Mark Zuckerberg, and Uber's Dara Khosrowshahi, plan to attend Donald Trump's inauguration. This reflects the tech industry's efforts to strengthen ties with the president-elect Donald Trump. The return of Trump to the White House has introduced new uncertainties for the fast-evolving AI market and the broader tech industry.
Trump has reeled in more than $200 million since election day
President-elect Donald Trump’s supporters have raised over $200 million to fund his inauguration, political activities, and future presidential library. Prominent donors include Pfizer, Amazon, OpenAI, and Meta. Inaugural donations include significant contributions from cryptocurrency firms reflecting optimism about Trump’s promises to reduce regulations. Funds exceeding the inaugural events may support a future presidential library for Trump.
Uber rolls out 'Uber One' loyalty programme in India
Along with its parcel delivery offering, this loyalty program is offering up to 10% credits on ride-hailing for four-wheelers, three-wheelers, and two-wheelers. According to the company's app, its subscription service, which is Rs 149 for the monthly plan and Rs 1,499 for the annual plan, is offering discounts as high as 50% to some users on the monthly plan.
Uber shares slide 8% as slowing bookings growth spooks investors
Bookings growth, a key measure of ridership for online taxi operators, slowed to a more than one-year low in the third quarter and fell short of analysts' forecasts.
Indian origin executives drive Uber's global tech leadership shakeup
Uber's head of engineering for delivery Anirban Kundu will join its grocery delivery rival Instacart as chief technology officer, he announced in a LinkedIn post. Separately, Uber’s chief product officer and senior vice president of engineering Sundeep Jain – a former Google executive – has also stepped down after six years at the company.
Uber's second-quarter results beat Wall Street estimates on ride-sharing demand
Uber's second-quarter results beat Wall Street estimates on the back of steady demand for its ride-sharing and food-delivery services, sending the company's shares up 5% on Tuesday.
Uber’s India driver count tops 1 million
Ride-hailing platform Uber reported $654 million loss on global revenue of $10.13 billion for the January-March 2024 quarter. The company's mobility business saw 26% growth in gross bookings. The number of monthly active users on the platform globally rose 15% to 149 million. Uber operates mobility and delivery services globally.
Uber’s hyperlocal push; Paytm Bank’s bill pay biz transferred
Happy Thursday! Ride-hailing platform Uber is strengthening its hyperlocal deliveries from neighbourhood stores. This and more in today’s ETtech Morning Dispatch.
Drivers land better incentives in a crowded ride-hailing space
Rapido has introduced a subscription fee model for its driver partners on cabs and autos, doing away with the old structure of commissions on rides, while inDrive is offering commission rates of 10-12% to its drivers in India, less than half of leading players Uber and Ola’s 25-30% commission.
View: India's EV revolution is spreading from auto rickshaws to motorbikes
India's urban landscape is rapidly evolving, especially in its bustling cities. A decade ago, the iconic auto-rickshaws were predominantly diesel-powered, with electric versions being a rare novelty. Fast forward to today, and Delhi leads the charge in transitioning to battery-powered three-wheelers, capturing 54% of the market. This shift is driven by the cost-effectiveness and efficiency of electric models, prompting even Uber's CEO to explore the trend. The financial allure of electric vehicles extends beyond three-wheelers, with manufacturers now eyeing the two-wheeler market. This shift, if replicated, could significantly impact India's oil demand, especially in the face of rising fuel prices.
Amazon Pay secures payment aggregator licence; Krutrim AI’s chatbot
Amazon Pay has received a payment aggregator licence from the Reserve Bank of India (RBI). This and more in today’s ETtech Top 5.
Adani in talks with Uber to own, operate an EV fleet
Adani group plans to operate an EV fleet on Uber. Adani Airports has dedicated pick-up zones for Uber. Uber aims to convert its entire fleet to electric by 2040. Adani One offers travel services including flight bookings and hotels.
Uber CEO Dara Khosrowshahi on cofounder Travis Kalanick: “distance has allowed healing to happen”
Responding to a question on whether India’s importance for Uber had changed since Travis Kalanick’s departure, Khosrowshahi said, “I’m a different kind of leader…I’m not necessarily going to do a bunch of arm-waving. That has its place and can be effective but our position in India as a company has never been stronger”.
Exclusive: Uber CEO Dara Khosrowshahi interview; Paytm Bank denies Fema breach
Happy Monday! Uber Technologies will be laser-focussed on its mobility business in India and consolidate its market share, CEO Dara Khosrowshahi told ET in an exclusive interview. More on this in today’s ETtech Morning Dispatch.
While Ola taps new roads, our focus still ride-hailing: Uber CEO Dara Khosrowshahi
54-year-old Dara Khosrowshahi, who steered Uber to full-year profits of $1.1 billion in 2023 globally, said Uber India was now a “self-sustaining business” and was reinvesting profits into expansion across Tier-II and III markets and other fast-growing products.
Anand Mahindra makes a confession after meeting Uber CEO Dara Khosrowshahi for second time
Mahindra Group Chairman Anand Mahindra met with Uber CEO Dara Khosrowshahi during his visit to India. They had first met at Davos during with Mahindra had doubts about Khosrowshahi's tenure and Uber's longevity. However, Khosrowshahi transformed Uber, leading to significant growth and market capitalization. Mahindra praised Khosrowshahi's leadership.
"Looking forward to take our partnership to the next level," says Uber CEO after meeting Gautam Adani
Uber CEO Dara Khosrowshahi has met with Indian business tycoon Gautam Adani and expressed excitement for future collaborations. The two leaders discussed India's growth story and Uber's vision for the subcontinent. Adani praised Uber India's commitment to uplifting Indian drivers' dignity and emphasized the company's commitment to accelerating the transition to electric vehicles (EVs).
Indians are extremely demanding, but are not willing to pay for anything: Uber CEO Dara Khosrowshahi
During a conversation with Nandan Nilekani, Uber CEO Dara Khosrowshahi highlighted the Indian market's demands and reluctance to pay. He plans to introduce low-cost service segments and bus services to cater to a wider population. Uber made $3 billion in profits and signed an MoU with ONDC to expand its mobility offerings.
Locally made Google Pixel phones soon; Uber CEO on India
Google may start manufacturing its flagship Pixel smartphones in India as early as next quarter. This and more in today’s ETtech Top 5.
Uber CEO aims to get into cheap rides in ‘toughest market’ India, extending rivalry with Ola
Uber CEO Dara Khosrowshahi discussed the company's expansion into the two- and three-wheeled rides market in India, including scooters, motorbikes, and bus services. Uber signed an agreement with the Open Network for Digital Commerce, supporting India's digital economy growth.
Dara Khosrowshahi hails India’s DPI as Uber inks MoU with ONDC
During a conversation with Infosys chairman Nandan Nilekani, Uber CEO Khosrowshahi called India one of the “toughest markets for Uber”, and said that for Uber, it is the gateway for the rest of the world..
Tata, Uber aim for strategic alliance to drive digital business
Uber Technologies CEO Dara Khosrowshahi met Tata Sons chairman N Chandrasekaran in Davos earlier this year and they're expected to talk again in Mumbai during the former's upcoming India trip to discuss the broad contours of a potential alliance, executives aware of the matter said. The exact terms of engagement are still being worked out and there's no guarantee it will lead to anything concrete.
Tata hails Uber to drive Neu traffic
Uber Technologies CEO Dara Khosrowshahi met Tata Sons chairman N Chandrasekaran in Davos earlier this year and they're expected to talk again in Mumbai during the former's upcoming India trip to discuss the broad contours of a potential alliance, executives aware of the matter said. The exact terms of engagement are still being worked out and there's no guarantee it will lead to anything concrete.
Uber reports record ridership and second straight quarterly profit
The company had $9.3 billion in revenue in its most recent quarter, lower than Wall Street investors expected but an 11% increase from a year earlier, and generated $221 million in net income.
Uber's surge pricing sparks controversy amidst record-breaking profits
Uber's surge pricing has once again been put under the spotlight after CEO Dara Khosrowshahi was shocked at the exorbitant fare charged to a journalist. Khosrowshahi attributed surge pricing to inflation and increased costs of labour, but Forbes' report contradicted this, revealing that Uber's prices in the US had risen at four times the rate of inflation from 2018 to 2022. Uber announced a record-breaking Q2 performance, but surge pricing has also resulted in the company's stock falling nearly 6%.
Uber shares fall as fears over Lyft's pricing eclipse first operating profit
Uber reported second-quarter revenue of $9.23 billion, missing analysts' estimates of $9.33 billion, according to Refinitiv IBES data, as a weak freight market pinches.
Uber CFO Nelson Chai plans to step down
Uber Technologies Chief Financial Officer Nelson Chai is planning to leave the ride-hailing company, Bloomberg News reported on Monday, citing people familiar with the matter.
Uber's diversity chief put on leave after complaints of insensitivity
Dara Khosrowshahi, Uber's CEO, and Nikki Krishnamurthy, chief people officer, last week asked Bo Young Lee, head of diversity, "to step back and take a leave of absence while we determine next steps," according to an email Thursday from Krishnamurthy to some employees that was viewed by The New York Times.
Uber signs seven-year cloud partnership deal with Oracle
By migrating some of the company’s most critical workloads to Oracle Cloud Infrastructure, Uber will be in a position to modernise its infrastructure while also accelerating its path to profitability, according to a press release.
Uber signs 7-year cloud partnership deal with Oracle
Oracle today announced a seven-year strategic cloud partnership with Uber Technologies Inc to accelerate the transport aggregator’s innovation, help deliver new products to market, and drive increased profitability.
Uber sets sights on profits in 2023 as pandemic pain eases
Chief Executive Officer Dara Khosrowshahi said the company was now focused on achieving profitability on a GAAP basis this year.
Uber CEO says won’t cut jobs despite mounting tech layoffs
Uber Technologies Inc. isn’t considering cutting jobs even as competitors from DoorDash Inc. to Lyft Inc. slash staff to deal with an uncertain economic outlook, Chief Executive Officer Dara Khosrowshahi said Thursday.
Uber Q2 Results: Revenue up 72% to $8.34 bn
Uber, however, is also aiming to scale back hiring and reduce expenses to expand profitability amid macroeconomic uncertainties, with Khosrowshahi stressing the importance of "not taking anything for granted".The company forecast fourth-quarter adjusted EBITDA, a profitability metric keenly watched by investors, between $600 million and $630 million.
No plan to exit India or merge, Uber top executive Andrew Macdonald has a route map
Macdonald manages the $62-billion tech company’s mobility segments like cab hailing globally and is counted among the handful of top executives at Uber reporting to its chief Dara Khosrowshahi.
Uber turns cash flow positive for the first time
Uber reported positive quarterly cash flow for the first time ever and forecast third-quarter operating profit above estimates, betting on steady demand for its ride-hailing and food-delivery services.
Uber lobbied, used 'stealth' tech to block scrutiny: report
The International Consortium of Investigative Journalists, a nonprofit network of investigative reporters, scoured internal Uber texts, emails, invoices and other documents to deliver what it called "an unprecedented look into the ways Uber defied taxi laws and upended workers' rights.''
Uber CEO says 'zero truth' to report claiming it explored India business sale
The report, which was published by news wire Bloomberg on Thursday morning, said the American ride-hailing company explored various options for its Indian ride-hailing business, including a sale, but suspended discussions after tech startup valuations cratered.
Lyft to slow hiring, assess budget cuts
Lyft said no employee layoffs are planned and added it would grant special stock options to eligible employees.
Uber seals taxi deal to expand its business in Italy
Under the agreement with IT Taxi, over 12,000 taxi drivers in Italy will have access to the Uber platform. It will make the app available in over 80 new cities and grow Uber's existing business in big cities such as Rome, Milan, Turin and Bologna.
Uber announces new features for business travellers, party events
The services are available in the US and will be available in the coming weeks in Canada.
Tech titans curb hiring in a 'challenging macro environment'
Internet giants that saw business boom during the pandemic have taken a hit from inflation, war, supply-line trouble, and people returning to pre-Covid lifestyles.
Uber to focus on daily bus services, partnerships for next 100 million users
“We are investing a lot on technology for safe driving, efficient routing, issuance of monthly ticketing and verification of tickets from India for easier scalability globally,” Manikandan Thangarathnam, senior director at Uber, told ET.
Uber to cut costs, focus on unit economics, CEO Dara Khosrowshahi tells staff
Uber will cut marketing and incentive spending and treat hiring as a "privilege" to meet the shift in economic attitude, Khosrowshahi said.
In India, you have to play the long game: Uber chief Dara Khosrowshahi
Khosrowshahi was speaking to Rishi Jaitly, the founding CEO of Times Bridge, an investment arm of the Times Group, at the virtual i3 Summit, which brings together Indian and global business leaders to talk about the domestic market’s complexity, opportunities and challenges.
Uber looks to sell Didi, other non-strategic stakes: CEO
Speaking at a virtual fireside chat with a UBS analyst, Dara Khosrowshahi said many of the companies Uber has a stake in have recently gone public and are still subject to a lock-up period.
Uber makes first operating profit as driver shortage eases
The California-based company reported Ebitda of $8 million for the quarter ended September 30. That compared to a loss on the same basis of $625 million a year ago.
Uber CTO Sukumar Rathnam steps down after less than a year on the job
An Uber spokesperson did not specify the reason for CTO Sukumar Rathnam's departure but Business Insider reported earlier that he had been increasingly at odds with Chief Product Officer Sundeep Jain.
India rides business 'adversely affected' by second Covid-19 wave, says Uber chief
Uber CFO Nelson Chai said the growth in the US and other international markets would offset the headwinds being faced in India and Brazil.
Uber drivers are entitled to workers' rights, rules UK's Supreme Court
Uber insisted that the drivers were self-employed since they choose their own hours and place of work, and often find passengers through rival apps. The complainants can now ask an employment tribunal for compensation, and it could trigger further-reaching changes affecting all ride-hailing drivers.
View: Gig workers are employees. Start treating them that way
In the wake of a California ballot proposition passed in November and a rule just released by the Trump administration, it appears that the erosion of labor protections is advancing aggressively.
Uber, Lyft spend big, win in California vote about drivers
The titans of the so-called gig economy bankrolled the most expensive ballot measure in state history, which was decided Tuesday with 58% of more than 11 million voters choosing to keep drivers classified as independent contractors able to set their own hours.
Uber investors are pressuring CEO to revamp the self-driving division
When Khosrowshahi assumed Uber’s helm from ousted founder Travis Kalanick in 2017, he inherited a mess of cultural, strategic and financial problems.
US charges former Uber security chief in hack cover-up
He faces a maximum sentence of eight years in prison if convicted of charges of obstructing justice and concealing a felony crime.
Uber CEO threatens shutdown in California over labour law
Many regular drivers are hoping to secure the same health and unemployment benefits afforded to other workers in the state.
Uber’s Ex-CTO reflects on a rift with Travis Kalanick and how to fix autonomous cars
Pham’s willing embrace of unemployment sets him far apart from the 6,700 former colleagues who lost their jobs last month. He gave notice a week before the first of two large rounds of job cuts eliminated about a quarter of Uber’s workforce.
Uber lays off 600 staff as Covid-19 hits ride-hailing business
All employees will receive a minimum of 10 weeks payout, medical insurance coverage for the next six months, outplacement support, be allowed to retain their laptops and given the option to join the Uber talent directory.
Uber’s job cuts, office closures reflect narrower ambitions
Uber, which for years burned cash in exchange for user growth, had also faced challenges even before coronavirus hit. Its food delivery operations, a bright spot in terms of adoption, loses money, and other bets like autonomous vehicles and air taxis have yet to be proven.
Uber cuts 3,000 jobs as virus slashes payroll by 25%
The ride-hailing giant will be closing or consolidating 45 offices globally, and almost all departments will be affected by layoffs. The company is closing its Incubator and AI Labs and will pursue strategic alternatives for its job recruiting app, Uber Works, Khosrowshahi said.
Uber’s CEO, a seasoned dealmaker, pursues his biggest one yet
In the negotiations, Grubhub had been seeking a ratio of 2.15 Uber shares for each one of Grubhub’s, a person familiar with the talks said. The companies are now discussing a deal valuing Grubhub stock at 1.9 Uber shares.
Uber to require face masks for drivers, riders
Uber drivers in the United States, Canada, India and most of Europe and Latin America will not be allowed online if they are not wearing a face cover, the company said.
Uber restarts in green, orange zones
Areas designated as Green and orange zones, where the spread of Covid-19 infections is under control, account for more than 80% of India’s 733 districts, Uber said.
Uber, posting first-ever decline in rides, says worst is over
During the past week, Uber has embarked on a blitz of cost-trimming moves. Uber said it will end food delivery operations in more than a half-dozen countries and that its Middle East unit Careem will terminate 31% of employees.
Uber leads $170 million investment in bike-sharing startup Lime
The two firms previously had an agreement allowing users to find and rent bikes and scooters with either of the applications.
Uber is reducing workforce by 14% and signals more cuts to come
Uber instituted a hiring freeze in March, withdrew its financial forecast and wrote down some $2 billion worth of investments in April and said Monday it would shutter food delivery operations in seven countries.
Uber to cut 3,700 jobs, CEO Khosrowshahi to waive base salary
Uber and rival Lyft have already withdrawn their full-year financial outlooks as demand for app-based rides dropped sharply across the world after governments imposed stay-at-home orders to curb the transmission of the coronavirus.
Uber CTO steps down as company reportedly weighs job cuts
Earlier this month the company withdrew its financial forecast for 2020 and said it would write down about $2 billion in investments impaired by Covid-19.
Uber offers discounted trips to 2.5 million UK health and care workers
Uber said 1.2 million National Health Service (NHS) staff and 1.3 million social care workers in Britain would receive a 25% discount on trips, funded by Uber, after linking their NHS email address to an account, or by their care home registering.
Uber loses $1.1 billion investing in food delivery, driverless cars
The ride-hailing giant lost $1.1 billion in the fourth quarter of 2019, about 24% more than the same time last year. The loss amounted to 64 cents per share, which was slightly better than what analysts were expecting. Analysts polled by FactSet predicted Uber would lose $1.18 billion, or 67 cents per share, during the quarter.
Uber forecasts first-ever quarterly profit by end of year
Uber is trying to more closely connect its various services and increase usage among the more than 100 million customers who open the app each month. The company is investing in electric bicycle and scooter rentals and experimenting with helicopter rides and temporary staffing.
Consolidation was always on the menu, says Uber CEO Dara Khosrowshahi
Khosrowshahi added that the deal allows the San Francisco-based headquartered firm to deploy capital in other large markets.
Uber analysts say India food unit sale ends ‘dark chapter’
The deal was a “smart, strategic” move and “shows strong execution on the part of Uber management, who has said repeatedly that unless Uber is 1 or 2 in a given market, or on a clear trajectory to get there, it would exit that market.”
One of Uber’s most powerful women leaves to start a VC fund
Just 12% of startup investment firms in the U.S. have women in decision-making roles with the power to write checks.
Travis Kalanick is exiting his Uber holdings very quickly
A new California law is giving gig-economy workers the right to a minimum wage. Uber also faces problems related to sexual assault and a fatal roadside incident involving a self-driving car in Arizona.
Uber’s London ban marks global backlash for ride-hailing giants
For Uber, the loss of its license in London puts one of its biggest markets outside of the U.S at risk. The regulator found unlicensed users pretending to be Uber drivers and faking their identities in at least 14,000 trips.
Uber’s Europe business is at risk after London revokes license
Uber’s rapid growth in London, where it says it has 3.5 million regular users, was seen as a success story for the company’s expansion outside the U.S. since it started service in 2012. But the city has since become a battleground with the world’s largest startup clashing with local regulators and the iconic black cab industry.
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