Dara Khosrowshahi

13 Stories

Uber, Lyft Threaten to Stop Service in Calif.

They're not happy about ruling in gig-worker case

(Newser) - Uber and Lyft are threatening to halt service in California over an order requiring them to start treating drivers like employees instead of contractors and provide benefits including sick pay. The order was issued Monday by a San Francisco Superior Court judge who granted a request from California Attorney General...

Uber CEO Calls for 'Third Way' for Gig Workers
Uber CEO Calls for
'Third Way' for Gig Workers
OPINION

Uber CEO Calls for 'Third Way' for Gig Workers

He calls for creation of 'benefit funds'

(Newser) - Uber CEO Dara Khosrowshahi is calling for a rethinking of the "outdated and unfair" labor laws so that gig economy workers like Uber drivers can enjoy benefits as well as flexibility. In a New York Times op-ed, Khosrowshahi calls for the creation of a "third way" to stop...

Uber CEO Scrambles to Undo His Khashoggi Comment

Dara Khosrowshahi called the journalist's murder a 'mistake'

(Newser) - Uber CEO Dara Khosrowshahi made a mistake involving the word "mistake." In an Axios on HBO interview, he used the word to characterize Jamal Khashoggi's murder—and also his own company's fatal self-driving-car accident . CNBC reports it started with him saying, "I think that [the...

Uber Loses Another $1.16B
Uber Loses Another $1.16B

Uber Loses Another $1.16B

Company says it will be making money by 2021

(Newser) - The losses at Uber are mounting, but the ride-hailing heavyweight now predicts it will be profitable in about two years. CEO Dara Khosrowshahi said Monday that the company's goal is to reach profitability—when adjusted for interest, taxes, depreciation, and amortization—for the full year of 2021, the AP...

Uber Lays Off Another 435 Workers
Uber Lays Off
Another 435 Workers

Uber Lays Off Another 435 Workers

Company is trying to 'move toward profitability'

(Newser) - After losing more than $50 million a day in the second quarter of 2019, Uber is tightening its belt. The company announced the layoffs of 435 people in its product and engineering teams Tuesday, which works out to around 8% of both teams, TechCrunch reports. The company said in a...

Uber Posts Biggest-Ever Quarterly Loss

Company lost $5.24B in 3 months

(Newser) - Uber lost $5.24 billion in the second quarter of 2019—its largest quarterly loss ever—after making huge stock-based payouts in the months following its initial public offering. The ride-hailing giant says it paid $3.9 billion in stock-based compensation and expenses during the quarter. It also paid $298...

Another Ride-Sharing Giant Just Went Public

Uber shares were going for $45 each, raising $8.1B, just weeks after Lyft's IPO

(Newser) - With a ring of the opening bell, Uber began picking up passengers as a newly minted public company Friday, giving investors a chance to bet on a service with huge potential but a long way from turning a profit. Shares in the ride-hailing giant were sold in an initial public...

Uber CEO to Saudi Arabia: I'm Not Going to Your Conference

Dara Khosrowshahi says he won't attend after disappearance of journalist Jamal Khashoggi

(Newser) - "Davos in the Desert" just found out it will be short at least one more speaker. Uber CEO Dara Khosrowshahi says he's canceling plans to go to Saudi Arabia's Future Investment Initiative conference in Riyadh after the disappearance of journalist Jamal Khashoggi , who was last seen entering...

Uber CEO Vows to 'Do the Right Thing' With Newest Move

San Francisco company will allow court action, public airing of sexual assault allegations

(Newser) - Uber will give its US passengers and drivers more leeway to pursue claims of sexual misconduct, its latest attempt to shed its reputation for brushing aside bad behavior, reports the AP . The shift announced Tuesday will allow riders and drivers to file allegations of rape, sexual assault, and harassment in...

Uber Truce Cuts Power of Ex-CEO
Uber Truce
Cuts Power
of Ex-CEO

Uber Truce Cuts Power of Ex-CEO

Agreement clears way for IPO, sources say

(Newser) - Uber is curbing the power of former CEO Travis Kalanick and taking on Japan's SoftBank Group as a major new investor as the service tries to recover from internal strife and a myriad of legal headaches. The changes adopted unanimously Tuesday by Uber's 11-member board strip Kalanick and...

It's Official: Uber Has a New CEO
Uber Gains a
'Scared' CEO

Uber Gains a 'Scared' CEO

Dara Khosrowshahi is leaving Expedia to lead ride-sharing company

(Newser) - Uber's board has indeed made its "truce choice" for a new CEO. Per Recode , Dara Khosrowshahi, who's helmed Expedia since 2005, has officially been designated the new head of Uber after former CEO Travis Kalanick's drama-filled June resignation . Khosrowshahi penned a memo to his Expedia staff...

Uber Finds 'Truce Choice' for New CEO

Job will be offered to Expedia's Dara Khosrowshahi

(Newser) - After weeks of rumors that ousted Uber CEO Travis Kalanick's successor would be Meg Whitman, GE's Jeffery Immelt, or even Kalanick himself , the company's board has finally made a decision. Sources tell the Wall Street Journal and the BBC that after Immelt ruled himself out over the...

Expedia Moves to Capture European Market

Travel giant hopes half of revenue will come from abroad within 5-6 years

(Newser) - Citing saturation in US travel, Expedia will move aggressively to seize European market share, reports the Financial Times, with hopes that half its revenue will be international within 5 or 6 years. The travel giant hopes to move in while European competitors Thomas Cook and Tui Travel are distracted with...

13 Stories
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