Tag "Uber"

Uber’s 2016 data breach affected 57M people; paid hackers to cover up

By : CIOL Writers

Uber faced a massive data breach in 2016 which affected over 57 million customers including riders and drivers. A new report from Bloomberg has surfaced which reveals that the data breach exposed customer’s name, email address and phone numbers of 50

Uber orders 24K Volvo XC90 for its self-driving program

By : CIOL Writers

Uber has entered into a partnership with Volvo to purchase 24,000 Volvo XC90 to form a fleet of driverless cars between 2019 and 2021, according to Bloomberg. The deal is said to be worth around $1.4 billion, as per the Financial Times,

Uber introduces a slew of new features including live location sharing

By : CIOL Writers

Ride-hailing company Uber has announced a slew of new features in its app that should make getting rides a bit easier. The company has introduced live location sharing feature which enables the driver to see where you are located in

Uber announces lighter web-version in India; pilots call to ride and offline search too

BANGALORE, INDIA: Uber, today launched m.uber.com in India, a light web-based version of Uber for riders who have basic smartphones that can support web browsing but cannot support mobile apps due to limited storage space, or want to book a

SoftBank agrees to a multi-billion dollar investment in Uber

By : CIOL Writers

Uber has confirmed that SoftBank has agreed upon a multi-billion investment in the ride-hailing company bringing months-long negotiations closer to their end. “We’ve entered into an agreement with a consortium led by SoftBank and Dragoneer on a potential investment. We believe this

Uber’s Southeast Asian rival Grab reaches 1bn rides milestone

By : CIOL Writers

Uber’s arch-rival in Southeast Asia, Grab recently completed one billion rides in the region since its launch five years ago. Grab said that it hit the milestone on October 26 when 66 concurrent trips from across all seven countries that it operates in

Uber hires ex-PepsiCo lawyer Tony West as its new Chief Legal Officer

By : CIOL Writers

Uber has acquired the services of Tony West at the ride-hailing firm to battle against the series of investigations by the US government and a major lawsuit from one of its rivals. West was previously serving as the general counsel

Uber unveils a new credit card for customers in the US

By : CIOL Writers

Uber has teamed up with Barclays bank to launch a credit card in the US that offers rewards for purchases at restaurants, hotels, and, of course, Uber rides. The Uber Visa has no annual fee, and users earn $100 after they spend

Uber’s power politics: Travis Kalanick appoints two new board members

By : CIOL Writers

Uber’s boardroom battle is far from over as Travis Kalanick’s recent appointments of two new directors at the ride-hailing company seems to have escalated the tensions in the boardroom. Kalanick announced last weekend that Ursula Burns, a former chief executive of

Uber is shutting down its car-leasing business

By : CIOL Writers

Uber’s new CEO Dara Khosrowshahi has decided to shut down its car-leasing business after learning that losses were $9,000 per car on average, steeply above the previous estimates of around $500 per car. “We have decided to stop operating Xchange Leasing and move

Uber and ex-CEO sued by yet another investor over ‘illicit business tactics’

By : CIOL Writers

While Uber may have finally got a leader in Dara Khosrowshahi, the ride-hailing company is still knee-deep in muddy lawsuits that have got one more addition courtesy a small shareholder- Irving Firemen’s Relief & Retirement, based in Texas, which invested about

Waymo seeks $2.6B from Uber for trade secret theft

By : CIOL Writers

Alphabet-owned Waymo is seeking $2.6 billion from Uber for allegedly stealing a single trade secret from the self-driving car company. Uber’s attorney Bill Carmody revealed the figure in a hearing in federal court in San Francisco, where both companies are discussing

Why Waymo wants to delay its October 11 trial date against Uber?

By : CIOL Writers

Waymo, the self-driving car unit owned by Alphabet has requested the federal court judge to postpone the October 11 trial date against Uber, citing it has recently acquired some new evidence that is critical to the lawsuit. Waymo has been

Ola unveils a new experience centre- ‘Ola Partner World’ to woo more driver partners

By : CIOL Writers

Amid intense competition from rival Uber and to lure more driver partners to its platform, Ola has announced the launch of Ola Partner World (OPW), a one stop shop for all the needs of driver partners registered on the platform.

Uber hires Firefox founder Blake Ross to work on product strategy

By : CIOL Writers

Blake Ross, the founder of Firefox and former Facebook executive will join Uber to work with them on product strategy, Uber confirmed. Ross announced it on Facebook, where he once worked as director of product. “I’m joining Uber to help develop

Expedia names CFO Mark Okerstrom as its new CEO

By : CIOL Writers

Expedia announced Mark Okerstrom as its new president and chief executive, replacing Dara Khosrowshahi who left the company to take the job at the ride-hailing firm Uber. Okerstrom has been at Expedia since 2006. He was the senior vice president

With a new CEO at helm, Uber aims for IPO within 18-36 months

By : CIOL Writers

With a new CEO- Dara Khosrowshahi– at helm, Uber looks all set to leave behind all the controversies of the first half of 2017 and start a fresh. In his first meeting with employees on Wednesday, Khosrowshahi set out his vision to

Uber to stop tracking drivers after their trips, gives free insurance in India

By : CIOL Writers

Uber attracted a fair bit of criticism when it started tracking the drivers even after their rides ended. Reuters reports that the iPhone app will now be updated to allow tracking only while the app is open. The change, which restores users’

Uber’s new CEO may get at least $200mn to exit Expedia

By : CIOL Writers

Uber has offered Expedia CEO Dara Khosrowshahi, the Chief Executive Officer role at Uber. To woo him, Uber is offering him around $200 million. Executives are usually given a salary, with much of the compensation tied up in stock awards to motivate

Expedia CEO Dara Khosrowshahi could be Uber’s next boss

By : CIOL Writers

Where there’s a will, there’s a way! Well, we might have been ruing the fact that the Former GE CEO has refused to captain Uber’s ship, but looks like the ride-hailing company has found its leader amidst rough waters. Dara