Travis Kalanick, the co-founder and former CEO of Uber, will resign from the company’s board of directors by the end of the year. This comes after he sold more than $2.5 billion of company stock since early November. His departure will be effective Dec. 31. “Uber has been a part of my life for the past 10 …
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Gig worker rights were front and center in 2019. News headlines showed hundreds of Uber and Lyft drivers protesting against the companies. California became the first state to pass a landmark law aimed at protecting such workers. And more states appear set to follow suit. No surprise, the companies vowed to hold their ground. Independent contract work has been around …
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Uber is looking to close the door on one chapter of its history: the alleged sexual harassment and retaliation of its employees by their managers. The ride-hailing company said Wednesday it would create a $4.4 million fund to compensate those individuals who’ve experienced such issues. The agreement was made with the US Equal Employment Opportunity Commission (EEOC) and was the …
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Huawei’s Mate 30 Pro launched just a few months ago in September, but the company has already locked in a launch window for its next flagship, the P40 Pro. The P40 and P40 Pro will be unveiled at an event in Paris in March, said Huawei consumer group CEO Richard Yu, according to French press. More consequentially, Yu added the …
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After dozens of allegations of sexual assaults committed by its drivers, Uber promised in May 2018 to publish a “safety transparency report.” The idea was to release data on the number of alleged assaults that occur during its rides in the US. Now, a year and a half later, Uber has finalized that report. In its 84-page report, Uber said …
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The number of women alleging Lyft hasn’t done enough to stop sexual assaults by its drivers is growing. Twenty more women joined together in a lawsuit Wednesday, alleging they were assaulted, kidnapped and raped while using the company’s ride-hailing service. That means at least 55 women have either filed or joined lawsuits against Lyft since August. “There is a corporate culture …
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Uber faced a blow on Monday when London regulators refused to renew the ride-hailing company’s operating permit because of safety concerns. The biggest issue lawmakers cited was drivers using false identities as they ferried unsuspecting passengers. At least 14,000 trips were made by unauthorized drivers, according to city regulator Transport for London. The way it worked is this: A number …
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Uber co-founder Travis Kalanick has put in a busy couple of weeks in the stock market. He’s sold more than 53 million shares in the ride-hailing company since Nov. 6, according to filings with the Securities and Exchange Commission. That’s almost 55% of his stake in Uber, worth about $1.48 billion. Uber investors and employees were first able to sell their shares …
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New Jersey is the latest state to say Uber’s drivers should be classified as employees rather than independent contractors. The state’s Department of Labor and Workforce Development said that because of this misclassification, the ride-hailing company owes it roughly $650 million in unemployment taxes and disability insurance, according to Bloomberg Law. The Department of Labor reportedly has been trying to …
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Uber CEO Dara Khosrowshahi appears to be backtracking after calling the murder of Washington Post journalist Jamal Khashoggi “a serious mistake.” During an interview with Axios on HBO that aired Sunday, Khosrowshahi defended the country’s investment in Uber. He said the murder of Khashoggi by the Saudi government was a mistake, similar to how a fatal accident involving one of Uber’s …
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