Tag "Uber"

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

Uber’s new chat feature takes care of rider’s privacy and driver’s safety both in one go

BANGALORE, INDIA: If you book cabs through Uber or Ola, you must know that coordinating the pickup location is often the most dreaded task for the rider and the drivers both. Sometimes it requires multiple calls to get to the

Jeff Immelt refuses to captain Uber’s ship

By : CIOL Writers

Just when we felt Uber may have finally found an anchor, looks like it was all just a mirage. Former GE CEO Jeff Immelt who had so far been the ‘front-runner’ to be Uber’s next CEO has refused to take up

Uber’s business is thriving despite tumultuous 2017

By : CIOL Writers

Uber may be having big holes in its current leadership team but looks like, that hasn’t affected company’s health much. Despite being mired in hundreds of lawsuits and controversies including vacant posts for CEO, CFO, CTO, and COO, Uber’s financials

Uber partners Axis Bank, HDFC Bank for UPI-based payments: Report

By : CIOL Writers

Uber has partnered with Axis Bank and HDFC Bank to enable UPI-based payments on its platform, reports Economic Times. The ride-hailing firm is also expected to launch the final phase of UPI integration for all its users today. Uber first integrated UPI on its

GE’s ex-CEO Jeffrey Immelt could be Uber’s next CEO

By : CIOL Writers

Jeffrey Immelt, the former CEO of GE, is the ‘frontrunner’ to become the new CEO of Uber, reports Recode. Citing sources, the report says that there are three persons in contention, however, the company’s board of directors believes Immelt to be the most capable

UberEATS launched in Bangalore, to hit more cities soon

By : CIOL Writers

UberEATS, the online food delivery service from Uber is giving a tough competition to Swiggy and Zomato. After launching the service in Mumbai, Gurgaon and Delhi, they are now launching the service in Bangalore, with a plan to expand in

‘Uber for Business’ now lets organizations set and enforce travel policies

By : CIOL Writers

To give organizations a more efficient way to manage their business travel and improve employees’ experience, Uber has announced a new ‘Uber for Business,’ enabling new use cases like daily commute, late-night rides home from work, between-office transportation and much

Uber’s head of developer platform, Chris Saad resigns

By : CIOL Writers

Chris Saad, the head of Uber’s developer platform has left the company after close to two years of service, reports TechCrunch. For Saad, the ride-hailing company that’s mired in a series of scandals and controversies at the moment isn’t the right choice

Uber desperately needs a saviour as boardroom battle turns ugly

By : CIOL Writers

While Uber is trying hard for redemption from the scandals and controversies of past few months, looks like the rut is only deepening. Just after investor, Benchmark Capital filed a lawsuit against the company’s ousted chief executive, Travis Kalanick alleging

Uber investor Benchmark sues ex-CEO Travis Kalanick for fraud

By : CIOL Writers

Venture Capital firm and an early investor in Uber, Benchmark Capital is suing Travis Kalanick in an attempt to force him off the board of the ride hailing firm. Benchmark Capital, which is also one of the Uber’s largest shareholders, filed

General Motors expands car-sharing service Maven to six more US cities

By : CIOL Writers

General Motors is expanding its weekly car rental service- Maven Gig from its current San Diego and San Francisco locations to other cities across the US. This means that drivers for ride-hailing services such as Uber, Lyft and delivery drivers for companies such as