Uber Technologies co-founder and former CEO Travis Kalanick is stepping down from the board to focus on his new business and philanthropic endeavours.
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SoftBank’s bad year goes well beyond WeWork. Investors are starting to get the feeling that whatever Masayoshi Son brings to the public is troubled.
Takeaway.com raised its bid for Just Eat just minutes after Naspers spin-off Prosus upped its offer, intensifying a battle for ownership of the UK food delivery firm.
The Uber rival said on Wednesday that it has doubled its South African footprint in the past year, launching ride-hailing services in 34 secondary towns and cities in all nine provinces, and will now launch food delivery services.
Uber Technologies’ biggest market in Europe is at risk after regulators revoked the ride-hailing service’s licence to operate in London for the second time in less than three years.
Uber Technologies has lost its licence in London for the second time in less than three years, putting one of its biggest markets outside of the US at risk.
Masayoshi Son struck a defiant tone after his SoftBank Group reported an enormous loss from investments in money-losing startups WeWork and Uber Technologies.
Uber Technologies disappointed investors with quarterly results showing lacklustre gains in bookings and monthly active users, two of the metrics most closely watched by Wall Street.
In his latest bid to reduce losses at Uber Technologies, Dara Khosrowshahi fired about 350 employees, in what he said is the “last wave” of workforce reductions.
As WeWork continues its stumble to the public markets, some prognosticators see this moment as something more significant: that a WeWork belly-flop portends the end of the unicorn era in Silicon Valley.