Search Results for:Eric Newcomer

Travis Kalanick is CEO again, of a real estate company he just bought

Kalanick is buying a controlling stake in a distressed real estate company called City Storage Systems for $150 million and installing himself as CEO.

Lyft bags $200m from leading auto supplier Magna, strikes self-driving deal

Magna International Inc. and Lyft will share the intellectual property from co-developing autonomous vehicles, and Magna will be free to sell the technology to car companies.

SE Asian ride-hailing major Grab close to acquiring Uber’s business in the region

The truce would bring to an end a bruising battle for leadership in SE Asia’s ride-hailing market.

Former Uber CEO Kalanick starts China, India-focused investment fund

The fund, called 10100, will focus on real estate and e-commerce startups, as well as technology businesses in China and India.

Here is how Uber spent $10.7b in nine years

Uber is a corporate anomaly. Few companies in history have grown so fast or lost so much money in such a short period of time.

Uber will continue to incur Amazon-style losses to fuel lofty goals, says CEO

Uber reported a loss of $4.5 billion for 2017 on $7.5 billion in net revenue.

Uber agrees to pay Waymo $245m equity to settle driverless car suit

Waymo was seeking as much as $1.86 billion in damages and a court order barring Uber from using the technology in dispute.

Uber’s Kalanick mulls sale of 29% of his stake in ride-hailing giant

One of the wealthiest people in the world on paper, Kalanick would become an actual billionaire for the first time as a result of the sale.

Didi buys Brazil’s ride-hailing app 99, to take on Uber in Latin America

Didi led a $100 million investment in 99 Taxis a year ago. “Globalization is a top strategic priority for DiDi,” Cheng Wei, Didi CEO, said in a statement.

Uber investors agree to sell stock in $9b SoftBank-led deal

The investor group which also includes Dragoneer Investment, TPG, Tencent Holdings and Sequoia Capital will own 17.5 percent of the startup.