Uber Technologies’ ousted CEO and co-founder Travis Kalanick is reportedly planning to sell $1.4 billion of stock in the company, or 29 percent of his stake, according to a report by Bloomberg.
News, Software
Egypt lifts ban on Uber and Careem
An Egyptian court ruled to revoke the suspension of the licenses of ride-hailing companies Uber and Careem, allowing them to continue their work, Reuters reports citing judicial sources said. 0 1917
China ride-hail firm Didi raises $4 billion for global push
Chinese ride-hailing service Didi Chuxing Technology has raised $4 billion in a new funding round, the firm said on Thursday, …
Uber used ‘undercover agents’ to spy on competitors, letter alleges
The 37-page document of allegations is being used as evidence in the $1.9 billion legal battle between Uber and Google’s driverless car venture, Waymo.
Uber in talks to make low-cost service available long term in Dubai
The UberX service, which began in April as a three-month pilot observed by the Roads and Transport Authority, continues to be available in Dubai.
Uber paid 20-year-old hacker to destroy stolen data: Reuters
Uber announced last month that the personal data of 57 million users, including 600,000 drivers in the United States, was stolen in a 2016 breach.
BMW to boost electric vehicle sales by 50% in 2018
BMW AG is aiming to boost electric vehicle sales in 2018 to secure its place in the electric-car shift, according to …
Uber security execs resign amid data breach fallout
The Uber data breach compromised information belonging to over 57 million customers and about 600,000 drivers.
Waymo seeks delay of Uber trade secrets trial over new evidence
Waymo is asking to postpone its trial against Uber Technologies scheduled to start Wednesday, saying its adversary hid potentially key evidence in the case.
SoftBank bids to purchase Uber shares at 30 percent discount
Japanese firm SoftBank Group is offering to buy Uber Technologies’ shares at a valuation of $48 billion, a 30 percent …
Imgur hackers stole 1.7m email accounts in 2014 breach
Imgur was hacked and the attacker made off with 1.7 million email addresses and passwords. But the hacker sat on …