Dara Khosrowshahi

Uber to explore travel ticketing with India’s open commerce network

Uber has signed a memorandum of understanding with an Indian government-backed firm that aims to make mobility and commerce more accessible across the South Asian nation. The ride-hailing giant said T

Dara Khosrowshahi and Marcelo Claure to back former Sequoia India partner’s startup

Amit Jain, who previously led Uber’s Asia Pacific business and served as a partner at Sequoia Capital India, is working on a crypto payments platform and has received backing from several high-profi

Tech employees face another tough week of cross-stage layoffs

Unfortunately, there’s more where last week came from. Following last week’s slew of layoffs in tech, this week had another dose of staff cuts across tech companies. Impact was felt across

Hey look, another downturn

Paper unicorns are going to fold this year if their financial origami doesn't yield something truly surprising.

The costs of driver incentives are weighing on Lyft, Uber

To understand the driver incentive issue in the wake of Q1 earnings, we’ll first explore Lyft’s situation, and then compare it to what Uber said.

Uber CEO calls Massachusetts gig economy ballot measure the ‘right answer’

Uber CEO Dara Khosrowshahi expressed his support Wednesday for a ballot initiative in Massachusetts that would keep gig economy workers classified as independent contractors, fulfilling a promise he m

Uber to become the sole owner of grocery delivery startup Cornershop

Uber has reached a deal to become the sole owner of Latin American delivery startup Cornershop, just one year after acquiring a majority stake in the company. The ride-hailing giant said in a regulato

Remote hiring startup Deel raises $156M at a $1.25B valuation after 20x growth in 2020

Many of the world’s organizations shifted to remote work due to the COVID-19 pandemic. But even as more people are vaccinated and offices are planning re-openings, it’s clear that for some organiz

The toilet paper startup backed by Marc Benioff, Dara Khosrowshahi and Robert Downey Jr. now sells paper towels

Cloud Paper, the startup whose bamboo toilet paper (and celebrity and billionaire backers, including Robert Downey Jr., Gwyneth Paltrow, Marc Benioff, Dara Khosrowshahi and Mark Cuban) made a splash l

Uber sells air taxi business Elevate to Joby Aviation, shedding its last moonshot

Uber has offloaded its air taxi enterprise Elevate to Joby Aviation, the last of several moonshots to be sold by the ride-hailing company in a pursuit to stick to its core business and reach profitabi

Uber sells self-driving unit Uber ATG in deal that will push Aurora’s valuation to $10B

Aurora Innovation, the autonomous vehicle startup backed by Sequoia Capital and Amazon, has reached an agreement with Uber to buy the ride-hailing firm’s self-driving unit in a complex deal that

Despite commitment to anti-racism, Uber’s Black employee base has decreased

Uber today released its latest diversity report, showing a decline in the overall representation of Black employees in the U.S. despite an increased focus on racial justice this year in the wake of th

Uber in talks to sell ATG self-driving unit to Aurora

Eighteen months ago, Uber’s self-driving car unit, Uber Advanced Technologies Group, was valued at $7.25 billion following a $1 billion investment from Toyota, DENSO and SoftBank’s Vision Fund. No

After Prop 22’s passage, Uber is taking its lobbying effort global

Fresh off of its success on Election Day, Uber is signaling that it will continue to push laws similar to the Proposition 22 measure approved by California voters that will keep gig workers classified

Human Capital: Moving away from ‘master/slave’ terminology

TGIF, am I right? Welcome back to Human Capital, where we explore some of the latest news in labor, diversity and inclusion in tech. This week, we’re looking at the use of “master/slave&#8

Bowery Farming adds executives as it expands to sell produce in 650 stores

Bowery Farming has added to its executive team as it expands its retail footprint to 650 stores, the company said. From three indoor farms in Kearny, New Jersey and Nottingham, Maryland, the New York-

Decrypted: Uber’s former security chief charged, FBI’s ‘vishing’ warning

A lot happened in cybersecurity over the past week. The University of Utah paid almost half a million dollars to stop hackers from leaking sensitive student data after a ransomware attack. Two major A

Lyft plans to suspend rideshare operations in California tonight

Lyft is planning to suspend its ridesharing operations in California beginning tonight at 11:59 pm PT, unless it receives a stay from the Court of Appeals today. “We don’t want to suspend oper

Despite a difficult Q2 2020, Lyft and Uber reiterate profit promises

Lyft is sticking to its previous target to hit quarterly adjusted profitability by the fourth period of 2021, a milestone it says it can achieve even with fewer rides. The company reiterated its quart

Daily Crunch: Uber CEO says CA shutdown may be necessary

Uber’s CEO pushes back against a potential reclassification of drivers, a former COO sues Pinterest and Microsoft reveals details about the Surface Duo. This is your Daily Crunch for August 12,
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